The Loan Bill.
The Loan Bill, otherwise known as the Aid to Public Works and Land Settlement Bill, provides for a loan of , £750,000, and the maximum rate of interest proposed is 4^ per cent. Of the total amount, £275,000 is in respect of the following railways :-KawakawaGrahamtown, Helensville Northwards, Paeroa-Waihi, Gisborne-Karaka, Eg. Mont branch, Stratford - Kawakawa, Marton-Te Awamutu, Blenheim-Wai-para, Midland, Greymnuth • Hokitika (extension to Eos-). Ngahere-Blackball, Otßgo Central, rleriot extension, Cat-lin's-Beaward Bush. Riversdale-dwitz-era, and permanent way or ofier materials. For additional rolling stock for open lines, and such other works and purposes as may be authorised £75,000 is proposed to be expended. The sum of £850,000 ia proposed for land settlement, including the construction of roads, tracks and bridges for the purpose of opening up bock blocks, and i"20,C00 for the purpose of developing the goldfields, and £30,000 for telegraph ex. tension. .
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https://paperspast.natlib.govt.nz/newspapers/MS19041027.2.41
Bibliographic details
Manawatu Standard, Volume XL, Issue 7944, 27 October 1904, Page 8
Word Count
143The Loan Bill. Manawatu Standard, Volume XL, Issue 7944, 27 October 1904, Page 8
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