Coast Bailway.

Patea Mail, 23 March 1882, Page 3

Coast Bailway.

The serious work of constructing the coast railway from Wellington to Manawalu should ntfptf commence. The Governor has signed the contract with the company, guaranteeing a large grant of land in alternate blocks. A further issue of shares is to be made, to increase the capital being raised in the colony; and it is understood that the remaining shares will then be offered in the Home market. The investment is almost certain to be regarded favorably by investors at Home. Those colonial politicians who take a gloomy view of the company’s prospects are yet expecting to see the line partly built, and that the Government will take it over and finish it out of the proposed loan. The making of this railway will be the making of the Coast, in our opinion. Passenger traffic on a through line from Wellington to New Plymouth will increase enormously; and the general stimulus given to settlement all along the railway line, by the grerter facility of getting about, will be a commercial benefit of an enduring kind. When tourists and investors and immigrants can run through the North Island by rail, quickly and cheaply, without any more tossing at sea, this Coast will offer attractions which, though they exist in part at present, are hard to get at, and remain practically unknown to the migrating classes who rove in quest of homes and bargains.