UNCOMPLETED RAILWAYS
PUBLIC WORKS POLICY STATEMENT BY MINISTER [by telegraph—own correspondent] GISBORNE, Friday "The Gisborne railway may not pay in a year or two —it may net pay for many years—but wo had to save something out of the wreck," said the Minister of Public Works, the Hon. 11. Bom pie, when addressing a gathering in Te Puia. Reviewing the public works policy of resuming work on uncompleted railways, Mr. Semple said that £3,500,000 had already been spent on the railway when it was stopped, and £1,500,000 was required to complete the work. It would Dot have boon long before the original £3,500,000 had been paid out in interest. The Government at one time had eight railways in progress, and after £8,000,000 was spent all were stopped. On them £3,000.000 had been paid in interest up to March 31 last. Three of those railways had been restarted, but some of them would never be started again because they had not been economically planned. No country with a population like the Dominion's could afford to commit blunders like that.
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Bibliographic details
New Zealand Herald, Volume LXXIV, Issue 22741, 29 May 1937, Page 12
Word Count
178
UNCOMPLETED RAILWAYS
New Zealand Herald, Volume LXXIV, Issue 22741, 29 May 1937, Page 12
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