RAILWAY EARNINGS.
' AN EXPLANATION BY THE > MINISTER i - — — • i [UNiTEn Press Association.} 1 .Um.'KXAND, Saturday. i In reference to the apparent incon--1 isstency of the statements made by tne Premier and himself with regard to the , amount of inV.rcst the fiil.v.nys sluii'ii earn, Mr Millar, Minister of Railways, . exp:aiiif 1 tii.it .Sir J .?ep!i Ward, whei: laying down the 3 per cent, policy based his calculations on the rate oi interest on loans then prevailing) hut N;ew Zealand had now to pay pei cent, morn for loan mon»v, and il v.-as necessary that a TOiT.-spondinj. increase should be looked for from tht railways.
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Bibliographic details
Nelson Evening Mail, Volume XLIII, Issue XLIII, 6 February 1909, Page 3
Word Count
103RAILWAY EARNINGS. Nelson Evening Mail, Volume XLIII, Issue XLIII, 6 February 1909, Page 3
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