The Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. WEDNESDAY, NOVEMBER 4, 1885. THE DIVERSION OF THE RAILWAY LOAN.

Manawatu Standard, Volume X, Issue 1498, 4 November 1885, Page 2

Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coast. WEDNESDAY, NOVEMBER 4, 1885. THE DIVERSION OF THE RAILWAY LOAN.

In his telegram to the;Chairnian of the Chamber of Commerce respecting the proposed seizure of the loan for general i|ju|r|oses. Sir Julius Vogei, asserted that he knew that Major Atkinson was fully aware that passing Capt. Russell's motion meant taking the million Ibanj for general purposes. The faranaki Herald telegraphed to Major Atkinson to know if such was the fact, and received the following answer : — " New Elymouth, Saturday—Am living m the country, and only received your telegram yesterday. Have hot seen Sir:. J^bgel's | telegram to which you refer, so am at a disadvantage m giving the information you want. Did not know that refusing the loan would compel 'Government 1 to spend the North Island T.'runk loan, on general purposes. There was m round numbers 2;050,000 to the credit of the Public AVorks Fund on 31st March last, ancf the Minister of ' Public Works., stated m the. House more than once that Government intended to limit expenditure this year to .about ■•■■■or less > than that amount; so * 3 tha|, iif this vprbm &cr is" -kept, » tHere will be m hand at the end of the. pres'etttVyear ajlteastl -^600,000, without charging anything' against the North Island Loan except expenditure on Central line, for which it was raised.? There is ,no justification, m my opinion, for touching upon the loan,: m question m any Wjay, for. general purposes. Nor can ; I believe Go-, vernment will commit such; abreach, of faith with Parliament as to do so. — H. A. Atkinson.