MIDLAND RAILWAY CASE

Greymouth Evening Star, Volume XXXI, 4 June 1901, Page 2

MIDLAND RAILWAY CASE

A New Development

(per press association)

Wellington, Juno 3,

There has boon a now development in connection with tho Midland Railway Commission enquiry, which is now proceeding and which was thought to bo on the point of completion. Government has enlarged the Commission and counsel for the debenture-holders to-night re-

Ceived a copy of the new Commission. Commissioners had to find what the company had properly set upon construction and what had been contribed by the Crown for the purpose, then it was to bo determined in what proportions the Crown debenture-holders and the com pany were to share the value of the line. The division of the selling value was to bo on the basis of the proportion that each party had contributed to the construction The new Commissioners are directed to find the selling value but they are further directed to deduct therefrom the whole amount derived from the sale of land granted to the Company and its successors. In arriving at the selling value the Commissioners have to suppose the lino sold as it stands and from this selling value the whole amount derived from the sale of land is to bo deducted. W At the sittings of the Midland Railway CJfTrmission this morning Dr Finley, for the Company, put in an amended statetnant of the amount claimed to have been spent by the Company on the construction and equipment of the railway. The sum is now £770,270 as compared with the original statement of £1,338,000.