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BRITISH RECONSTRUCTION EAliLi PASSAGE OF BILL 1 -Fr. [ British Official Wireless, j DUG BY, Nov. 29. 1 A Bill to authorise financial arrangc- ' meats connected with the £3O,OtK),UUO j main line railway reconstruction : -cheme announced by the Government , during tire General Election is now ■ being drafted. i The Government intends to have the ! Bill passed by Parliament before I Christmas so that the scheme can be 1 .-et in operation early in the New | Year. Tine financial arrangements will be | similar to those of the London trans--1 port scheme. The Bill will provide for the formatic-n of a finance corporation :to rai.-e money for a 20 years’ term 1 with a Government guarantee, and will iffipose conditions as to employ- ; merit of labour and materials to be diawn as far as possible from the dis- ' t reused areas.
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https://paperspast.natlib.govt.nz/newspapers/WC19351202.2.45
Bibliographic details
Wanganui Chronicle, Volume 79, Issue 282, 2 December 1935, Page 7
Word Count
140RAILWAY SCHEME Wanganui Chronicle, Volume 79, Issue 282, 2 December 1935, Page 7
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