West Coast Railway.

Manawatu Standard, Volume IV, Issue 103, 27 March 1884, Page 3

West C oast Railway.

„t ;• - ao . . Annual report. , r ' ' The\iireotojcß o[f .tlij| I; '^ejnngji<Mi ;and. ' jilanawatu Rarfwav Company witT present the fallowing' report at the tturd annual "meeting of the shareholders, to be held fit noon at the 2nd April next :— • The states Vment^of the receipts,' expenditure, , and; ■ balancerdieet of Ahe past; year now :pre*, •entftd b;y. yoor. director?, w : pJF a character to justify confidence and, satisfaction. The iuccef^fui wd, favorable floating of the 'cpinpiby'i l<san m London hes . enabled ' ' ; your director* : to push forward ; the rail* • J '*kf tforkfr/'aud k ik gratifying that the •tfffidiait' service of: their staff- ha* produced results far bejond ther most sanguine expectations. Since last meet* ing fifty miles of the line have beeif let, aacHhe contractors have made such (rood progress^ ir»th *be wprks that without doubt the six miles between Wellington ■nd Jobnsonfille pnp be opened for traffic* in 5^ September ' next. The contracts which ' have • been Ist, amounting to £232,281, cover all the difficult ; and •pensive part o£ lhe ; . fine,? with the exception of fire, miles now advertised. Your directors have secured m London all *be necessary equipment for your railway on |very advantageous terms,, both fer original cost < and freight, j Already 1600 ton^of steel rails and fasten* ,ings have been landed, and. the balance ' will follow as required. To tyie, area of freehold lands 8000 aqres of a s ( uperipr . olass have be»n add ed during the year.. Cony tracts have been made" for ihe survey of the allocated and purchased 'land of the company, between the Goito : and.;}forowhenna BloctjhitoßgricuJtural/B pabtoral sections and townships, with mam and • district rpadj» ?; .Qne township ,had ; bfeen laid out. , named Linton. = Sites for ;otber' '■> TO*n»hips ,haTe | also been select eof. Mf' will; also be neeee■ary to appoint two directors ; Messrs James Bull aha* oharle« Johnston, M.MiR , :■ the retir'ingi-dirfeclors, ate; eligible for re.. election, and offer themselves; Jt *iH '} also, be necessary., to appoint ,twq auditors, and fix their remuneratiqji. Ttfessrs T, Kennedy jMncdonald ana \Jy W. Steven- - Bon, the. present auditor?,' have intimated " tttfer intention of again seeking office." The balance-sheet shows among the ex« „ penjituje the following items;— Cost of rail war'andf permanent way," £86,504 3s • lOd J payment: Agent-General Recount railway material, . £10,000 ; loan debenc tare charges, preliminary expenses, and London OonSmilwion ■re shares, £16,102 iOs; freehold lands, £'10,624 lls IQJ $ ' directors' fees including London secrst«j'« wlary and charges^ £2033 ?«.