THE RAILWAYS

Dominion, Volume 8, Issue 2280, 14 October 1914, Page 7

THE RAILWAYS

MR. HILEY'S IMPROVEMENT SCHEME. "• THE LOAN BILL. , A Loan Bill to provide for the improvement works recommended by Mr. J2. H. Hiley, General Manager of Kailways, in his annual report, was introduced into the House of Representatives yesterday. The Bill authorises the Minister of Railways to construct certain improvements (enumerated in the schedule hereunder), and the Minister of Finance is authorised to borrow the money necessary for the works, not exceeding £3,200,000 in all, provided that not more than £750,000 shall be borrowed in any one year. The maximum rate of interest prescribed for ,theso loans is £4 10s. per cent. Following is the schedule of the Bill:— Estimated Cost. Works. £ New stations and stationyards, goods sheds, and terminal facilities at Auckland, Wellington, Palmerston North, Hastings, Lytteltonj Ohristchurch, Addington (including a connecting line between the Addington-Culverden line from a point about 48 [ chains from Addington Junction running in a south-westerly direction and tho main south line at a point about 9 miles 50 ohains from Lyttelton ai • ■ shown on Plan No. 21769 deposited in tho Government Railway Offices at Wellington) and Timaru... 1,570,000 Duplications.— Penrose-Papa-kura, Ohinowai-Hiintly, Horotiu-Frankton, New-market-New Lynn, and Lyttelton Tunnel 485,000 Grado Easements.—PenroseMorcer, Mercer-Frankton, Frankton-Te Kuiti, and Palmerston, North-Marton 250,000 Now engine depot and approach lines at Auckland... 140,000 Additions to workships at Newmarket and Petone.... 60,000 New line, Auckland to Westfield, as shown on Plan No. 21997 deposited in the Government Railway Offices, Wellington ....'......... 375,000 Signalling, intorlocKing, and safety'appliances 270,000 Bridge 'strengthening 50,000 Total 3,200,000