Our Railways.

Manawatu Herald, 26 April 1904, Page 3

Our Railways.

A RECORD REVENUE. Sir Joseph Ward, speaking at the Wailcaia Railway League’s banquet, said :—“ What greater illustration could they have of the fact that the Government had not allowed the position of the colony to weaken, or the finances to get into a chaotic condition, than the fast that during the past few years £600,000 had been given in railway concessions ? These concessions had been given to all classes of the people—farmers, workers, merchants and parsons. What a grand and glorious thing it was to know that the year ended March 31st last established a record revenue for the railways of the colony of £2,180,000, when the revenue of the previous years had never been over £2,000,000. Some men condemned the expenditure of £50,000,000 on the public estate ; but he invited a comparison with outside colonies. One railway in

SyaCanada. owned by a company, had • more borrowed money than the whole national debt of New Zealand. The railways were worth nearly the whole of the public debt, and if other people got hold of them the rates would be enormously increased. He did not hold with the pessimists who said that, the colors should not go on with reasonable additions to the railways as fresh settlement went on. People required railways to get their products to the market, and the Administration of the day would not be able to refuse their request. The railways were as essential for the country as essential for the country as a spinal column was for an individual. The colony had work ahead of it in the North Island Main Trunk, Otago Central and Midland railways, and these should be completed as speedily as possible without neglect of the other lines. They could judge of the capacity of the colony to go on with the railways when they had £BOO,000 as a surplus, and they could put a large sum by out of revenue for roads, bridges and railways.

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