North Island Trunk Railway Million Loan

Feilding Star, Volume VII, Issue 63, 5 November 1885, Page 3

North Island Trunk Railway Million Loan

'•"'" [ittvj^Tßb'PßiSss Association.] „/.."r!''^/WEiifi»OTONy.Novvrijber.2. -• "The following telegram has been forwarded by^the Premier to the Chairman of the Auckland Chamber of 'Commerce :— "^^ Wellington, 2nd No«i»n£ber,. 1985.-^1 am in receipt of your telegram conveying resolutions passed at,CJi^]^ t oi Commence. .As desired, X; skalLc •übjnit J ,them ta Cabinet. Meantime, you will allow me to point out that-t^e^pecial allocations made foe (1 f^lwJiys, in . 1882 r in the New

: Zealaad ;;Loan ; .Act, at the time the Notth'lsUiho! Railway loan was author-^ ised, haye.Ao^bis^n kept. The; three millioa > loaii'has: lbeen . expended, ' and the special%llpcaj|ons for the toVLitfring, amongst .ether railways, have been only partially i expended. There is due to, Ae-Giaigo- Central about £20^,000;, .^?^'6d0 io the (jreymouth Eeefton ; >to the Napier Woodviile about £106-200, &c, and to fulfil ihe solemn - engagements made in the " Loan' jfet of i 882;" r: we proposed votes, but these were defeated, and ' protest r . You .wiUalso -pardon me saying that, piir, .proposals' 'regarding railways for'&B Auickland Provincial District Jwttjdj r&oie liberal than had eyeß^.begnj proposed, including not irtijy a vigoroug prosecution of the Northerii Tirtinfc Line,{ but jjlbo the e^nsion of the line from Helensyille Ac 1 . As l to^ floating' the «Jhe milfibn loan we will KaVe to meet at least £150,000 at^e end of the' financial \ year to pay contracts on the Northern ' Trunk One, andtrpm what are (we t« take the money/ 'I Frtm other lines ? I can asstbe you that whatever is done good faith will be kept for the proseeutioiiof titija line which we believe to be a work of urgent necessity, and. I think our past action sufficiently shows that. ;I am bound to say, however, that pur efforts for railway extension in Auckhwddid not eeem.tomeet with muchlsapport from those from whom: the Auckland district might have : expected sympathy.— Bobert Stout."