THE MANAWATU RAILWAY.
(per press association.)
Wellington, This Day. The directors of the Manawatu Bailway Company- has lately submitted to Government an offer to sell tire assets of the Company for the sum cqukl to the Company’s paid up capital viz., £170,000 with compound interest at six per cent from the time of payment of calls subject, to allowance for all dividends paid and compound interest thereon the Government to assume responsibility for the corp debentures debt of £680,000 and all other liabilities. The Premier replied:—Offer can not be accepted as the purchase money would come to considerably more than it the line was purchased under the original agreement of six per cent interest during the full tipoe. He also considered the price too high. The Government was prepared to consider farther proposals for acquisition of line and land on better terms.
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Greymouth Evening Star, Volume XXXI, 2 April 1901, Page 3
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142THE MANAWATU RAILWAY. Greymouth Evening Star, Volume XXXI, 2 April 1901, Page 3
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