GISBORNE RAILWAY
GOVERNMENT WANTS £1,800,000 FOR IT. By Telegraph—Press Association GISBORNE, August 12. At a largely attended meeting of the Railway Committee, to consider proposals in connection with the NapierGisbome railway, it was resolved: "That this meeting is of the opinion that it is impossible and impracticable to raise, in New Zealand, the amount of £1,800.000, by the flotation of a company, to take over, complete, and run the Napier-Gisbome railway, as offered by the Government; that efforts be made to interest British capital, and with that object suitable terms be discussed with the Government under which negotiations may be opened, and an option be given if desired. This meeting is of the opinion that the terms outlined by the Government are quite unsuitable, and cafculated to discourage any possible investors; that the Minister be asked to make avatiable to this Committee all reports and data now in the possession of the Government, on the subject of the proposed East Coast Railway."
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https://paperspast.natlib.govt.nz/newspapers/THD19330814.2.74
Bibliographic details
Timaru Herald, Volume CXXXVII, Issue 19567, 14 August 1933, Page 8
Word Count
162GISBORNE RAILWAY Timaru Herald, Volume CXXXVII, Issue 19567, 14 August 1933, Page 8
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