SOUTH AFRICA.
RAILWAY EXTENSION. PER TRESS ASSOCIATION. Received 9, 0.20 a.m. Cape Town, March 5. Lord Milner, at the opening of the Railway Conference at Johannesburg, announced a propasal to pool the receip's. It is estimated the necessary extensions will require an expenditure of ten millions. Five-millioos out of the guaranteed loan will ba devoted to ex tensions. He said it was the duty of the Conference to dttetmine which extension was most urgent, and whether the others might not advantageously be built privately. The net profits of tbe first financial year are two and a ha'f millions.
By the contemplated reduction in through and inlandratep.therailways in the two Oulonits would lose .£275,000.
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Taranaki Daily News, Volume XXXXV, Issue 59, 6 March 1903, Page 2
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113SOUTH AFRICA. Taranaki Daily News, Volume XXXXV, Issue 59, 6 March 1903, Page 2
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