THE NEW ZEALAND LOAN.

Dominion, Volume 6, Issue 1680, 21 February 1913, Page 4

THE NEW ZEALAND LOAN.

STATEMENT BY,THE kpN; W. ■, ■ FKASMK. ( ;j ■'■ (Djr Telegraph.—l'resu XisiockttoM , InverctirgUl, February 20. The Minister for Public "'jVcm (tho : Hon. W. Fraser) is oil a visit to South*' lnntl, and ,left liivcrenrgill tliij nioruinj for Orcpuki nild Tuataperc., Ho .wiis entertained nl a dinner at (ho Ihtlei? plaoo, and recehvd Several deputations concerning local requirements.. , "i . In art interview, speakiiiir of (lib loan raised by the Hon. ilks. Alleji at Homo, 'Mr; Eraser said he thought that Mr, Allen had been, VerJ successful inw«d m • getting the lean underwritten , at the prie'e and at the terms ho had.;. , Asked whether tlio loan would Jisve any on his. public works policy, Mr, Eraser said that the obtaining of the loan would not have any.effect, because nil the inoney to be devoted to publio works was wlr-ninrkfd according to last year's Estimates, Tho loan money would probably supply funds to carry on works until, tlie end of October. i , . Referring to railway matters, Mr. Fraser said, in answer to a qilestimi, that he was still in favour of branch, lines light lines, and not stnodard'linos. They could 1" riladb at probably htilf tho _ cost and with tho sam» gauge as on ; other lines. Their grade liishtbsa little heavier and tho . curved n little Shorter. Such alterrtlions ■.vtould .mean .. that the trains would to trawl slower, but far as. fiMditco wh■concerned it could Iw carried just as ellcctually as on (standard lilies./ ; ,