SOUTH AFRICAN RAILWAYS.
A SCHEME OF EXTENSION. By Telegraph.—Press Association.—Copyright. Capetown, March 5. Lord Milnek, •in opening a railway conference . at Johannesburg, announced a proposal to pool the receipts of South African railways. It was estimated that the necessary extensions would require an expenditure of £10,000,000, and £5,000,000 out of guaranteed loan would be devoted to these extensions. It was the duty of the conference to determine which extension was most- urgent and whether the others might not advantageously be built privately. The net profits of the first financial year would be £2,500,000, but when the contemplated reduction in through and inland rates were met the railways of the two colonies would lose £375,000.
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New Zealand Herald, Volume XL, Issue 12212, 6 March 1903, Page 5
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114SOUTH AFRICAN RAILWAYS. New Zealand Herald, Volume XL, Issue 12212, 6 March 1903, Page 5
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