Mr W. H. Field, M.P., has written to the Minister for Railways stating that the present guarantee system asked for by the Railway Department to cover the loss on a. new service is unfair to the guarantors. He suggests that there should be an accurate account kept of the reciepts and expenditure on any new service forming the subject of a guarantee, and that while the guarantors should pay, as at present, the actual loss while there is a loss, there should be a period, say, of ten years, within which they should be repaid out of the earnings in the event of the service ultimately proving profitable. "I do not know," Mr Field wrote, "that the people beyond Johnsonville would give a guarantee under any circumstances, but I am most anxious to give the suburban and seaside districts of Tawa Flat, Porirua and Plimmerton a chance of development, and with that view I should be gla-i to submit to the landowners and settlers any proposals for a guarantee upon terms which may give them some hope of recovering their money."— Dominion.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/HC19100322.2.18.3
Bibliographic details
Horowhenua Chronicle, 22 March 1910, Page 3
Word Count
182Page 3 Advertisements Column 3 Horowhenua Chronicle, 22 March 1910, Page 3
Using This Item
See our copyright guide for information on how you may use this title.