FEDERAL MAIL CONTRACT.
LONDON, May 24i Mr Bent, Premier of Victoria informed Mr Deakin that Victoria is prepared to join in a guarantee of the mail subsidy for ten years, the guarantee to be on a population basis, if the other States participate. Mr Deakin telegraphed to Sir John Forrest, Acting-Prime Minister of the Commonwealth, asking if the other States would join, but a reply has not yet been received. The syndicate offered Mr Bent certain cargo space if Victoria would guarantee the subsidy. LONDON, May 25.
It is understood that the following represents the actual and present position as regards the mail contract :—lf any two or more States guarantee debenture - holders an annual payment for ten years of £125,000, representing interest and sinking fund, the contractors will undertake to pay annually to the guaranteeing States £5,000, which will be in the nature of an insurance premium for risk undertaken. The contractors also undertake to give the participating States the first call on a considerable ahiount of refrigerating space on mail boats for perishable produce.
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Bibliographic details
Wairarapa Age, Volume XXX, Issue 8449, 27 May 1907, Page 5
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176FEDERAL MAIL CONTRACT. Wairarapa Age, Volume XXX, Issue 8449, 27 May 1907, Page 5
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