THE EAST AND WEST COAST RAILWAY.

Temuka Leader, Issue 1377, 11 August 1885, Page 1

THE EAST AND WEST COAST RAILWAY.

In the House on Friday afternoen, Mr Ormond asked the Government if they would inform the House what reply haa been received from the d'-legatei in England to the cablegram the House was informed had been Rent asking for further informatjpn re .the terms for the construction of the Eant and Weet C"adt Railw«y, Sir Julius Vogel replied as follows :—The reply of th* delegates "us «o the effect that the guarantee applies to any deficiency in working in addition to the £97,000 paymen s on account of the guarHut.ee to be recouped from the excess of receipts, if any, over working expenses, but not from, receipts from the land. , There was an sddition about constructing the line in three portions which we could hot GoinpreheiH, and which seemed inadmissible. We considered, however, that there was no use in replying to it, but that it should belaid before the Select Committee in common with the other propositions to which I alluded in my remarks in moving for the Committee. , The wonis of the telegram were :- -" Net amount receivable by Syndicate must be 98, Government also paying deficit in working expend- ; all profits from land to belong, to t v, Syndicate, these' profit* bein/ ch'rf inducement iiiVe>t>is.. P.ytueul . mi'ler guarantee-during.2o recoup from profits. Line probably built thiee or more portions by Biparato issues, "iamt being allocated , rateabiy j., therefor? necessary provide guarantee divided rnteuhly, and failura one portion .iot entail forfeiture o.thers. Saving cUuse present contract, aUonecesHury. Nothing tens thap these,-terms «ny.u>:e whatever." .I, take the opportunity .of 8 iyiog that the Government considered the division on the subject of the Committee an indication that the House is, unwilling to sanction the agreement made by the delegates, sind we have telegraphed aa follows : " Parliament refuses a;mc'ion deleg»tei agreement." The Government understood that to be the feeling of the House. It is inadvisable, to further atate the views of the Government on *ry»'«nhjeet. I '. I—■——