THE NORTH ISLAND TRUNK RAILWAY LOAN.

Temuka Leader, Issue 1412, 31 October 1885, Page 1

THE NORTH ISLAND TRUNK RAILWAY LOAN.

In reply to a telegram from Ihe Chairman of the Auckland Chamber of Comrnerc<to Sir Julius Vogel, aekiDg if it is the intention of the Government to raise the North Island Trunk mila-uy loan for general purposes, the latter states as foi--■owe :—•' The ca«o is this : For several years past there lias been no attempt to earmark the purpose of each loan authorised, but it'has been included ia the fourth schedule of the Immigration fern! Public Woiks Appropriation Act. When ihe North Island Trunk Railway Act became negOtiablu it was added to the schedule, und whenever it ia negotiated like other public works loans, it will be available: for the public work* vote. It was my-intention to have kepi it unnegotiated, and to have spent money on isocount oi the railway from other loans, until there, whs a considerable amount to be recouped from it for past: expenditure. That whs the .only possibh plan ot ever working it. At the end ot March next there will probably be neatlv half a million left of other lohiih. Ex penditure according to law will proceed. »nd it will not be long before the Trunk I ihe loan will'.come into use. Member who voted for Captain Riubcll'b motim; were determined not to sanction a new loan, aud'they must have had the intelligence to know as there was nb provinioii for defence and other purposes, or other loons, they would come out of the unexpended loan until further provision whs ma le. Major 1 Atkinson was, 1 know, aware '.if it, and every member who was not must have refused to consider the subject intelligently. We wish to push on the North Island Trunk Railway as rapidlyjaF possible; what object could member" have had in stopping it, and refu«i|nf> other loans except to use the Trunk Irian for defence and other purposes ? A great many of the North Island members wished to stop the railway because of obtaining Native lands, and possibly some wished to re-open the question of the Stratford route. It is right I should say that Sir George Grey did not vote for Captain Russell's resolution, and Mr Dargavitfe, Mr Mobs, Colonel Fraser, Mr Cadman, Mr Grace, Mr Moat, and Mr Thompson voted against it. "I" cannot believe thai any member who did vote for Captain Russell'* resolutions failed to understate its obvious result. 1 have given you llm lengthy explanation, but, of course, fk>simple answer to your question is tint lioveni.nent does not intend to do anything bur what the law requires. (Signed) Julius Vo«kl.",