THE RAILWAYS OF THIS COLONY.

New Zealand Herald, Volume XXIV, Issue 7975, 15 June 1887, Page 6

THE RAILWAYS OF THIS COLONY.

TO THE EDITOR. Sib,—They are a great burden to the country, and always will be for the next fifty years to come under Government control. The best plan would be to dispose of them to companies—say the North Island to one company aud the South to another company, or the whole to one company, and compel the said company or companies to carry certain lines of railway through in a specified time. The amount so reueivad from such sales to be applied to pay off the national debt, and the interest saved by that transaction will in three or four years pay off the

,e remainder of the national debt, which will be the greatest blessing that oan possibly be g bestowed upon this colony. The interest o now going out of the colony for borrowed i, moneys is most ridiculous for such a small population. The sooner this is k stopped the better. The revenue then will e be retained in the colony to open up Crown I, lands and roads throughout the country, e That is the main point at issue, to settle the I, colony with practical farmers. The interest now going out of this colony for borrowed ■. money is the greatest drain and the cause of the present depression. The interest now a going out would keep all hands fully emt ployed and the country in a flourishing state a of activity, and prosperity would prevail.—l e am, Sec., G. H. Allan,