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Bush Advocate, Volume XXI, Issue 64, 14 September 1908, Page 2

The Duneclin Star says*. Five years ago, when the Government were negotiating for the acquirement of the Manawatu railway line a certain Wellington financial authority counselled offering 32s 6d per share. Mr Seddon, however, refused to go beyond 30a, saying that r the directors of the company favored the sale at that figure. The aforesaid authority urged Mr Seddon not to "miss the 'bus," as the bulk of the shareholders were disinclined to sacrifice good property. How sound that advice was is now a matter of history. The directors did favor the sale at 30s, 4mt the shareholders took the bit between their teeth, and turned out their chairman, roplacing him by one who supported the sale "on equitable terms," then understood to mean 32s 6d per share. "Missing the 'bus" on that occasion cost the colony over £200,000.