RAILWAY FROM WESTERN AUSTRALIA TO ADELAIDE. A Strong Foreign and Colonial Syndicate.

Te Aroha News, Volume VI, Issue 275, 23 June 1888, Page 3

RAILWAY FROM WESTERN AUSTRALIA TO ADELAIDE. A Strong Foreign and Colonial Syndicate.

A proposal is being made to the Western Australia Government to construct a lino of lailway between the p ( esent railway system and Adelaide on the land-gran b system. The matter has been taken in hand by a syndicate of English, American and colonial capitalists, represented in this colony by Dr. 1). N. Boyd, of Cooper's Institute. The American .syndicate desires to construct the line from Eucia to some point on the eastern railway, bringing it into Perth either by the Swan or thel4elena Valley. The syndicate asks for 16,000 acres of land for every mile of railway constructed, and for every 10s given by way of compensation for vested interests that they shall receive an acre of the land resei vod along the railway line, the line bo be on the 4ft SUn. gauge, and the construction to extend on or 10 years. By the terms of, the contract which the syndicate are prepared to enter mto — of which the draft lias been furnished to the (Jovernment — surveys arc bound to be commenced within one year, and to be completed within two yean? from the signing of the contract. One hundred miles of the line is then to progress at the rate of not less than 50 miles in one year. The total cost is estimated at L' 4,000,000, 000,000 sterling, and Dr. Boyd is empowered to deposit I" 5, 000 as a proof of bona fides and £25,000 on the signature of the contract with the (Jovernment.