Wellington Manawatu Railway.

Manawatu Standard, Volume IX, Issue 97, 27 March 1885, Page 3

Wellington Manawatu Railway.

• The report of the directors of the. Wellington -Manawatu Railway Company ('Limited)i' prepared ;^ 01 ' presents* to the fourth annual ' meeting of shareholders to be held on Monday next, is as follows: — In presenting statement of receipts and expenditure and balancesheet for the past, year, your directors congratulate the shareholders upon the progress and amount of work done. Thur« -are now six miles of the company's* line completed to Johnsonville, , arid "connected with the Wellington terminus," and nine miles completed and connected with the Paltnerston and New Plymouth railway, being the sections .numbered 1, 11, and 12, referred m the contract, between the company and : ., jlh_e; Government ; both portions are ready .tor traffic.' The 'contract's for 48 miles intervening are . well forward, and a length of 10 miles onwards from Johnjsouville, may ..be finished and opened m three months,. Only 20 miles of railway ■of light formation,. between Paikakariki and Otaki remnins to bo let. With ; ordinary .vigour the line:couJd,bo opeiifid throughout »iii ■ about ISrmonths,,:, The. lull riquipment o£ rails and rol- : liifir'-stocfic ' (With the ■ exception- : i of 1 cars for live stock' arid three engines for Ihrongh .traffic/,' 'are now ; 'iu 1 " the colony. ' Sufficient rails arid', sleepers to couiplete to Otaki from Palmerston end, : are ,place.d along the lino ready for , use, ,-: and sleepers .are m stock to complete as .far as-Waikanae from this end. The balance-sheet shows value of 'the railway and plant,-,, according, to expenditure, is £486.024 Is. lod y and: there -is reason to believe that the line can be completed within the origiual estimate of the Engineer. Twenty thousand actf s!6f allocated land,and the township, bf JLiintoiiy with'its< suburban 'land, aio surveyed, arranged iv sections,. aud 'are; ikmv ready for sale. The survey of 15,000 acres pttTch'risedV land.and township of Shannon m iv progress and well m hand. MessrfJ.'E. Nathan, W.H.LeY'"'^** Jy are the retiring dire'etors. The first to geutlemen are ' eligible for re-election and offer themselves. Mr J. Linton does not seek reclcction.^ Twt» audir.6rJS "have to be.appoiDtfcd, Vnd; the fetiumerationi for thejr services fixed. Messrs 1 !. K. ftfacdbnafd and tlcnrv Kemberthe retiring auditors, , offer themselves forte-election, f. ■.■<. ,•.;.