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Oamaru Mail, Volume III, Issue 784, 16 October 1878, Page 2

The advent of the New Zealand Waggon Company will be welcomed throughout the Colony by those the proper conduct of whose business necessitates their use of trucks freely. Such may not now experience any inconvenience such as that which sorely tried the patience and commercial stamina of merchants and farmers throughout New Zealand during last season. There may now be on outlines a sufficiency of trucks to conduct the goods traffic at this period of the year without any hindrance ; but the necessity which created gloom, disappointment, annoyance, and, what is worse, loss, amongstgrain growers and traders last year will be borne on the wings of the harv> sf. The question to be eonsHered is, Wi 1 there, with the provisions that the Government is making, be an ample supply of trucks for next grain and wool season ? We do not think that, there will. It is a well-known fact that Governments, in their e usefulness not to have dead rolling stock on their hands, invariably cut it too finely by going to the other txtremr. Preparations are now in progress ■■■ iv vide a large number of trucks for next season ; but these will not be ni'T'h r

than sufficient to keep pace with the natural increase in the traffic brought about by the cultivation of additional areas of land, and what about the arrears I Surely it would never do to have a repetition of last season's deadlock in our grain trade ; and, seeing tha' there seems at this time to be no more trucks than can perform the business on the railways, a repetition of the troubhappears to be inevitable. It would be much better for everybody concerned to ha\e more trucks than are requisite—that Some should be allowed to lie idle for the greater portion of the year, ready for any emergency. During a few days' work they would earn enough to pay theircost and interest on it. The proposed Company will banish all the old difnoul'ies, whilst it will be a source of revenue to shareholders The names upon the Provisional Directory an reassuring ; and it is not- a ma'ter for wonder that already the establishment of the Company may bo view-d as a certainty. It will be unnecessary to recapitulate the facts provided in the prospectus of the Company, which appears in another column ; but we would remark that even if tiie net profit derivable from such a c mipany as that proposed should not nearly re-ich the amount of 17 per cent,, which has been so satisfactorily computed a3 the profi th.v should accrue to shareholders—even if shareholders received a fair rate of inter.st for their money or, indei d. suffered a little loss—they wou'd be warranted in investing in the company. Now is the time to decide. By the establishment of the New Zealand Waggon Company the troubles attendant upon a scarcity of rolling stock may be averted now, while to avert them latter on, when the busy season of the year is upon us, would be impossible—and an industry appropriate for this Colony would be established, Who knows but that Oamaru rolling stock manufacturers may bo directly favored with a slice of the -ork accruing from the establishmei • of the Company.