THE LOAN BILL.
ONE MILLION TO BE BORROWED (Special to Gisborne Times.) Wellington, last night. The Aid to Public Works and Lands Settlement Bill provides for the borrowing of tbo usual million sterling, and the Treasurer is empowered to pay interest on tbo sum raised at a rate not exceeding per cent. The sohedule of the Bill pro-, vides for the fodewirtg allocations : (1) In respect of railways, including Gisborne-Rotorue. Tosal, £450 OCO ; additional rolling stock of open lines, etc., £75,000.
(2) In respect of land settlement and goldfields development, roadp, tracks, bridgie, otc., £400.000; the like for the purpose of developing the goldfiils, £25,000.
(3) la respect of telegraph extension, £50.000. Total, £1,000,000.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GIST19061017.2.11
Bibliographic details
Gisborne Times, Volume XXIII, Issue 1907, 17 October 1906, Page 2
Word Count
114THE LOAN BILL. Gisborne Times, Volume XXIII, Issue 1907, 17 October 1906, Page 2
Using This Item
The Gisborne Herald Company is the copyright owner for the Gisborne Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Gisborne Herald Company. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in