It is seriously to he apprehended that the unfinished railways, upon which the Government proposes, in terms of its programme, to expend what Sir Joseph Ward calls “ a consul able sum,” include lines which are unlikely to return interest upon the capital invested in them. The strongest argument that can he used is favour of the prosecution of lines to completion is that they will then be given a chance to secure through traffic which is in present circumstances not available. Rut, if. the lines will prove unprofitable even when thev are completed, this argument. loses a certain amount ol its validity.—“ Otago Daily Tunes.”
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Hokitika Guardian, 4 January 1929, Page 7
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105Untitled Hokitika Guardian, 4 January 1929, Page 7
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