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'Formation, Track, and Struct tires. Putaruru to 19 in. (near Kopokorahi): — (a.) Cuttings and embankments — £ Widening cuttings and embankments, 5m,t019 m. ... ... ... 6,500 Relocation, 6 in. to 7 in., and near 10 in., one mile and a half at £5,000 ... 7,500 (6.) Bridges— £ 14,000 470 ft. at £10 ... ... ... ... ... ... 4,700 Culverts ... ... ... ... ... ... ... 500 5,200 (c.) Track — New track (55 11>. rails) n.t £3,100 per mile, lens value of existing rails, &C., at ,£5OO per mile : nineteen miles at £2,G00 (say) ... ... ... 50,000 (d.) Clearances— 69,200 Altering existing structures bo standard olearancea ... ... ... 100 (c.) Stations — Standard flag stations, five at £1,200 ... ... ... 6,000 lloading ... ... ... ... ... ... ... 1,000 7.000 (/.) Water-services ... ... ... ... ... ... ... 500 (</.) Fencing — Fences, eleven miles at £240 ... ... ... ... 2,640 Cattle-stops, twenty at £.'5O ... ... ... ... ... 600 3,240 (h.) Dwellinghouses : Houses for etafi, eight at £800... ... ... ... 6,400 86,4 10 Contingencies ... ... ... ... ... ... ... ... 8,560 Total ... ... ... ... ... ... ... £95,000 1!) m. to 46£ m. (near Oruanui): — New construction and location, twenty-eight miles at £16,000 ... ... 448,000 Contingencies ... ... ... ... ... ... ... 22,000 470,000 Total, Putaruru to Oruanui ... ... ... ... £565,000 Oruanui to Taupo : — New railway extension, twenty miles at £16,000 ... ... ... 320,000 Contingencies ... ... ... ... ... ... ... 15,000 335,000 Total, Putaruru to Taupo ... ... ... ... £900,000 Rolling-stock. „ Engines, three at £10,000 ...• ... ... ... ... ... ... 30,000 Passenger-cars, four at £1,300 ... ... ... ... ... ... 5,200 Wagons, twenty at £400, twenty at £600 ... ... ... ...• ... 20,000 Vans, two at £700 ... ... ... ... ... ... ... ... 1,400 56,600 Contingencies ... ... ... ... ... ... ... ... 3,400 £60,000 Summary of Estimated Cost. Formation, track, and structures — £ Putaruru to 19 m. ... ... ... ... ... ... ... 95,000 19m. to 46f m.... ... ... ... ... ... ... ... 47(),ooo 46fm. to Taupo... ... ... ... ... ... ... ... 335,000 900,000 liolliug-stock ... ... ... ... ... ... ... ... 60,000 £960,000 (Say, £1,000,000.) - Note. —The cost (say, £60,000) of altering the existing railway from 46| m. (the proposed junction of an extension to Taupo) to Mokai has not been included, as this portion of the railway would probably be worked as a branch for the purposes of the Timber Company.

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