RAILWAY FROM CHRISTCHURCH TO FERRY

Southland Times, Volume 1, Issue 4, 21 November 1862, Page 3

RAILWAY FROM CHRISTCHURCH TO FERRY-

renvj g^D. —Our Canterbury friends appear to be very nguine as to the prospects of the railway now in -i urse of completion. The following is from the tjfttelton Times : —" In a recent issue we pointed • ifc the necessity existing for the immediate conduction of thi» work, if we would be prepared to Q£ rrv out the rapidly increasing traffic of the >untry at such rates as would enable our produ- - srs to cempete with the neighboring colonies of AO* ustralia. We now subjoin a carefully prepared 00l atement of probable revenue and expenditure, i» g , hich we have reason to believe will be found to • b correct :— "P Estimate of the Traffic Returns of the ChristB a/ lurch and Ferrymead fiailway, for the first year gs i 25,000 tons of goods, Ac, both mal S waYS at 5a- per ton ... £6250 of Passengers both ways, at le. 6d. »Rn each " 3000 Bricks and stones from the SXtt valley, ftt 7s. 6d. per ton 1500 stea ock, Gross earnings £10,750 her; Dcducfc-y t Workimg expenses, with staff : JL fully equal to 20 per cent. i!y' *V t more traffic than above ... 7000 ife^ 4 Net earnings £3750 t^tlsjjfare than 8 per cent, on the cost, viz. £45000 lewj fie first item of estimated revenue represents Lbs * present traffic in the river, which both ways, , j : grain, potatoes, timber, firewood, coals •pj & wool, taking winter and summer together, is • r l' arly 40,000 tons per annum. BSIJ£ The second will steadily increase, as, no doubt le'fS ft vitl soon run regularly 'from Lyttelton and .re imner, to meet the trains from Ferrymead. n 'g ( lie third will, of course, depend upon the derrinlJ A- * fiam 3S DOW employed taking stone to rP 1" ristchurch, at a cost of 235. for about 12 cwt. tc^nnery will soon be at work in the valley, Cceill king 20,000 bricks per diem. Both bricks and anee Jnes can be supplied in almost unlimited quanti»ust T' and M tne acn»and increases this traffic alone ed tfußS. Id g0 far to BUPP ort tne une at»n ?reßent **te 'of transit for goods from Port Bleß Dfanstchurch, including delivery there, is 30s. lie. iper ton. By the proposed new scheme, the day bby steamer would be 12s. 6d.; by rail, 55.; add OUth- ttL S e from station to Christchurrb, 2s. 6d. per p-e u fridang in all, 20s; per ton; being 10s. or one T _ fi vsffiP^F t¥^&teti'-'i •. ■•■'•" !r^ Ia LifjMpecteci^e rafc by .steamer to Ferryinead %? er. *JI» W&CP 9 T^ttced if>^lOs;;, .particularly if a tp& mpr traffic spring! wp ttf wd ftm lott t dir c S<4M.Tffyprob| lb]c.