SOUTH AFRICAN AFFAIRS
THE RAILWAY CONFERENCE. Prc3s Association—By Telegraph—Copyright. * CAPETOWN. March 5. (Received March G, at 0.20 a.m.) Lord Milncr, in opening the Railway Conference at Johannesburg, announced a proposal to pool the railway .receipts. He estimated that the necessary extension would require an expenditure of ten millions sterling. Five millions out of the guaranteed loan would be devoted to extensions, and 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 amount to two and a-half millions. The contemplated reductions in through and inland rates meant that the railways of the two colonies would lose £375,000.
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Otago Daily Times, Issue 12604, 6 March 1903, Page 5
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119SOUTH AFRICAN AFFAIRS Otago Daily Times, Issue 12604, 6 March 1903, Page 5
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