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The Pamphlet Collection of Sir Robert Stout: Volume 23

Railways

Railways.

Estimated Value of Lines Opened between 31st March and 30th June.
Oxford—Lichfield £41,000
Masterton—Manawatu 92,000
New Plymouth—breakwater 15,000
£148,000

This, added to the estimated cost of opened lines, March 31st, 1886, viz. 12,472,814l., gives the following estimated value of lines opened to 30th June, 1886......£12 620,814

Land.—Approximate Value of Crown Lands.
North Island £2,250,000
Middle Island, inclusive of Stewart Inland 8,000,000
£10,250,000

Since 1870 an area of 4,273,000 acres has been purchased from the Natives in the North Island at a cost of 900,000l., the value of which may be taken at least at 1,500,000l.; this is included in the 2,250,000l. North Island, as above. The above estimates are for unsold Crown Lands, and do not include education reserves, endowments for high schools, universities, hospitals, harbours, municipalities, and other public purposes, the total value of which will be at least two or three millions more.