The Gisborne Times PUBLISHED EVERY MORNING. GISBORNE, JULY 5, 1901. MIDLAND RAILWAY.
Tiie report laid on table of the Houso by the Midland Ilailway Commission will be satisfactory reading to the taxpayers, though not so to the debenture holders and shareholders. Nor have the latter anything to complain, of as far as their treatment by the colony is concerned. The Commissioners’ report indeed shows that the colony lias been an actual loser of money by the transaction, to say nothing of the loss of valuable time, of which the people of the colony have good reason to complain, Ihe shareholders and debenture holders may well be dissatisfied with the way their affairs have been conducted. As the Commissioners show the amount expended on administration, supervision, salaries, and interest was out of all proportion to the cost of construction. Those at the head of affairs had a good time, an those who invested for the scheme should fasten the blame on the right shonlder3.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19010705.2.9
Bibliographic details
Gisborne Times, Volume VI, Issue 149, 5 July 1901, Page 2
Word Count
163The Gisborne Times PUBLISHED EVERY MORNING. GISBORNE, JULY 5, 1901. MIDLAND RAILWAY. Gisborne Times, Volume VI, Issue 149, 5 July 1901, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in