VICTORIAN RAILWAYS.
WASTEFUL EXPENDITURE. j. OPINION OF THE ECONOMIST, Press Association.—Electric Telegraph.—Copyright, , : ;,'' r " f: London, January 8. 1 The Economist comments adversely on the waste of money in Victoria in constructing railways that offered no pro* bability of returning remuneration for their cost; -j It instances one line which was built on' a guarantee given by the residents in the district of a certain amount. When' the residents suggested that they found a difficulty in raising the sum the Government, weakly decided not to enforce the guarantee. The paper declares the colony condones the unprofitable expenditure ■'of borrowed money. ~ ; ; }
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Bibliographic details
New Zealand Herald, Volume XXXI, Issue 9403, 9 January 1894, Page 5
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99VICTORIAN RAILWAYS. New Zealand Herald, Volume XXXI, Issue 9403, 9 January 1894, Page 5
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