HARBOUR BRIDGE
FINANCING THE PROJECT
UNEMPLOYED SUBSIDY
AUCKLAND, December 12
The Treasury and the Unemployment Board wore satisfied that the construction be treated as a truly national work and one which reasonably could bo subsidised out of the unemployment funds, said Mr A. Harris, M.P. for Waitemata, at the annual meeting of the Auckland Harbour Bridge Company yesterday. He was hot at liberty to say how great the subsidy would be, but the board . had treated the work in a manner, similar to the subsidised, building scheme. “The board, with the consent of the
Minister of Finance, has agreed to provide a straight out subsidy on the cost of labour on the bridge,” said Mr Harris. “In round figures, between £IOO,OOO and £200,000 was made available in New Zealand toward financing the bridge, and of that sum about two-thirds is a straight-out cash gift, or subsidy, from the Unemployment Broad toward labour costs. It estimated tiie work will employ 400 men for not less than three years, and during that time the subsidy will be handed overt
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Hokitika Guardian, 16 December 1933, Page 6
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177HARBOUR BRIDGE Hokitika Guardian, 16 December 1933, Page 6
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