LATEST TELEGRAMS.

Manawatu Times, Volume V, Issue 174, 19 November 1881, Page 3

LATEST TELEGRAMS.

AFDASASDDSA

TttE RWLWAY.

-;v v-*tKi .■■...:■■,...■ PALMERSTON WIMS „-. ■ • ■ ™t ■ ■. •■ ■ ■ ■ . . « TERMINUS AT lOMBUiN PALMEBSTOH AUO GJTS THE NAPIER^LriIE. Night, ! . The directors of ttfe Wellington *nJ Manawatu Railway Company have concluded a)l their preliminary arrangements, smd to-day concluded terms of tbe agreement With the Government. These are of a h-'ghly •atisfactqij paiure. The .Company's Solicitor: jV instructed to draw op tlie formal; contract on the Urms settled. ' " ' •■"■:"■■■ ' ' The terminus of the lino hr tote at Longburn. about threa ■ ■adlm from Palmerston Northj ■ tins " being found a much more preferable route than the Foxton one, and.th* .Gorernment do not require any securitj from the Comptny bejbnd an underl taking to eipehd £50,000 within the first jear, being, content beyond this, to rely on the powers- given by Clause 123 of Railways Con•truction Act. Five years is allowed to complete the line. The allocation of land has bean fixed between the Government and the Company, and the vaiualion jmade. The line wili be 82 miles m length, and the Company is entitled to £123,000 "of land, a- -recent GdVeriimeiit surrey of tle^.prppose^.^xaain. line through Manawatu Gorge about £10,000 per;n)^le,. or £90.000 from Palmeraton v to Woodville, as between Napier and- Wellington this line will be 83 miles, shorter than the line from Napier through "Wairai-apa.; The financial arrange* ments to enable the Company to .commence worlt at onqe; are likely to be completed m a few day§. MIBSING .STEAMEB. There is noyxurlher news about <h,e Steamer Penguin.