EAST AND WEST COAST RAILWAY.

Inangahua Times, Volume X, Issue 1596, 4 September 1885, Page 2

EAST AND WEST COAST RAILWAY.

♦ The West Coast railway delegates have had a number of untoward events operating agaiust the progress of their negotiation — the. war scare, the collapse of the Grain Agency, the suspension of the payment of the debentures of the New Zealand Agricultural Company, and lastly, the candid aud outspoken statement of the Nation; I ,' Bank have been sufficiently trying; bat 1 am glad to-learn that they have attained a position in the negotiations satisfactory to themselves and promising complete success. They had accepted a contract from a syndicate, subject to certain conditions, contingent on how the proposal may be viewed by the Government of the Colony. As the terms of the arrangement were yesterday telegraphed out to the Government in detail aud at great expense, pro bal>ly ere this the public know as i ' much of the negotiations as it may be 1 1 deemed judicious in the present state ' of the affair to be made known. 1 Suffice it to state that if your Legislat ture consents to certain reasonable - modifications of the Act, a syndicate of unlimited wealth and great influence is prepared to take over the whole affair, and, either forming a company |or retaining the matter in its own I hands, to proceed forthwith to construct the two railways to the West Coast.