A BIG CONTRACT.
By Telegraph—Press Association—Copyright Received 4.43 p.m., July 4.
Ottawa, June 4. The Government of the Dominion has decided to construct, under the supervision of a specially appointed commission, a railway from Moncton in New Brunswick to Winnipeg. The line ts to run via Quebec, passing a hundred miles northward of Montreal. The cost is set down at twelve million sterling, and on comple-
tion will be handed over to the authorities of the Pacific Grand Trunk Railway for fifty years. The company will equip the line with rolling stock. No ren will be charged during the first quinquennium, and the surplus over the working expenses will be chargeable in the second quinquennium. Thereafter the company is to pay 3 per cent, on the original cost of construction. The company undertakes to construct the section from Winnipeg to the Pacific terminus at Fort Sampson, the Government guaranteeing bonds at 3 per cent. The capital of the Grand Trunk Company is fixed at nine million sterling. Other companies are to retain running rights between Winnipeg and Moncton.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/GIST19030706.2.32
Bibliographic details
Ngā taipitopito pukapuka
Gisborne Times, Volume X, Issue 934, 6 July 1903, Page 3
Word count
Tapeke kupu
178A BIG CONTRACT. Gisborne Times, Volume X, Issue 934, 6 July 1903, Page 3
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in