Government to Purchase Manawatu Railway.
(PER PRESS ASSOCIATION). Wellington, This Day. Under the contract betweeu the Manawatu Railway Company and the Government, the latter now have the right to purchase the line and everything connected therewith on giving twelve months' notice. The price is to be ascertained by arbitrators in the usual way, and they have to be guided by the cost of the construction of similar lines at the time the railway was built ; allowance for depreciation is provided for aud to the sum thus fixed five per cent has to be added. All endowments are outside of the contract, and if the Government desire them, too, special arrangements must be made. The Company still holds over 100,000 acres of land, including the valuable reclamation at the station, part of which only goes with the buildings.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18950103.2.5
Bibliographic details
Feilding Star, Issue 158, 3 January 1895, Page 2
Word Count
137Government to Purchase Manawatu Railway. Feilding Star, Issue 158, 3 January 1895, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in