N.S.W. DREADNOUGHT FUND.

Taranaki Daily News, Volume LII, Issue 197, 24 September 1909, Page 2

N.S.W. DREADNOUGHT FUND.

PROPOSALS ADOPTED. By Cable.—Press Association.—Copyright Sydney, September 23. The Lord Mayor's scheme for utilising tho Dreadnought fund for the erection of a naval college and the establishment of naval farms has been adopted iby the contributors.

The Dreadnought Committee 'ast week discussed a minute from the Lord Mayor, which suggested that half the Dreadnought fund should be devoted to the erection of a King Edward Naval College on Sydney harbor or the Parramatta river; and half to the establishment of Dreadnought training farms in the principal farming districts of New South AVales, for the training of young British immigrants in Australian 'methods. The Sydney Morning Herald says that some of the largest subscribers to the fund favored the Lord Mayor's pro-1 posals, and it was finally decided to co;\-1 sider them again when they had been made known to the subscribers generally.

Each scheme is estimated to involve nn expenditure of £50,000. The fund now stands at £85,000, but if the sum collected in the country districts, and Ktill unforwarded to Sydney, arc included, it amounts to nearly the sum needed. Moreover, the Lord Mayor was offered, on behalf of a companv who«e name cannot yet he made public, and subject to the confirmation from il» London principals, an extra one-fifth of any sum which may be set apart towards the training farm project.