THE LOAN PROPOSALS.
[Bt Telegraph.] Wellington, August 15. Mr Shrimski has given notice of the following new clause in the New Zealand Loan Bill:—“When any railway or a portion of a railway made under the provisions of this Act shall be opened for traffic, if the returns from such railway, or portion of railway, after deducting working expenses and all costs for repairs of permanent way, rolling stock and plant be not sufficient to pay the interest upon the money expended in making such railway or portion of a railway, then the Governor-in-Council shall raisa an amount sufficient to pay such interest, by imposing and levying a tax in such manner, and at such differential rates as the Governor-in-Council should deem fit, upon all land within 15 miles from either end of such railway or portion of such railway.” Mr Hursthouse has also given notice of amendments to render districts liable for any deficiency as between receipts, working expenses, and interest on cost.
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South Canterbury Times, Issue 2930, 16 August 1882, Page 3
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163THE LOAN PROPOSALS. South Canterbury Times, Issue 2930, 16 August 1882, Page 3
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