TELEGRAPHIC
J *■ [BY -ELIjOTBIO TELBQRAPH.] [PSB ftJpCSS ABSOOIAITOTJ.] HOUSE OF REPRESENTATIVES. Wellhtgxok, August JB. Tbe following are soma of the lpading featuras in tbe Diitricfc Roil way Bill :— Joint Stpck Companies may construct and maintain Eailway Companies. First, make ari application to the Oo.nnty. Council, and if a majority of one of the members approve of the proposals, thenthe votes of ratepayers shall" decide, but if a majority of tho Oonnty Council dis* approve, tbe matter then drops. When the sanction of ratepayers and the Governor is obtained, the Company may take any land r.equired t subject to Government inspection, and in accordance with approved plans may construot railway guages three feet six inches?. Interest at the rate of seven per cent arc guaranteed to com panics on the cost of construction. ; 'such interest to be raised by special rote levied | by tbo Boroughs and County Councils.
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Bibliographic details
Inangahua Times, Volume IV, Issue 58, 22 August 1877, Page 2
Word Count
147TELEGRAPHIC Inangahua Times, Volume IV, Issue 58, 22 August 1877, Page 2
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