MAIN HIGHWAYS FINANCE
OPERATION OF NEW LEGISLATION
The new system of finance for the Main Highways Board had resulted in a sum equal to 9d a gallon of revenue derived from petrol being applied to the highways in the last year, Mr M. H. Wynyard, motorists’ representative on the board, reported to the South Island Motor Union conference yesterday. This was an improvement on the allocation that would have been available from the Main Highways Account.
When the amending legislation was passed, no guaranteed minimum fixed on the basis of the old system was included: but after a conference with the Parliamentary law draughtsman a clause for the coming finance bill had been composed. This should safeguard the position. The conference unanimously endorsed the policy of Mr Wynyard, and expressed satisfaction with the result of the first year under the new financial scheme.
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Bibliographic details
Press, Volume LXXXIV, Issue 25609, 25 September 1948, Page 8
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143MAIN HIGHWAYS FINANCE Press, Volume LXXXIV, Issue 25609, 25 September 1948, Page 8
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