CO129-365 - Governor Sir Lugard - 1910 [1-3] — Page 282

277

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ant

using it will have to pay toll to cover the outlay and the

Government will get *ka a premium on it so that it cannot be

looked on as unproductive expenditure. In this connection 1t

;

is well to point out that the provision of a pier near Railway

land and to which the running is in connection with the Railway

will facilitate arrangements in claiming a share of the ferry

transit due solely to Railway traffic.

(a) The alignment now agreed upon cuts up Salisbury Road and

the cost of doing so must of necessity be charged to the siding

and if ordinary principles be applied to the provision the cost

might be greater than the Wharf and Godown Company could bear.

The expense of the siding would apply in a slightlyless

degrees if Scheme No.1 were adopted and the entry to the Wharf &

Godown Company's premises be made as shown in yellow.

V

Assuming the cost of the land on Salisbury Road to be

equal in value to the land of the adjacent lots and that the

quantity required for the siding would be about 35,000 square feet.

The cost of land would be about................ .$# $50,000.

Earthwork in Cutting at the Time Ball.................

Laying and Fencing Road using 2nd.hand 55

lb.Rail.

6,000.

10,000.

$66,000.

Over this siding there would be carried about twenty

five thousand tons of high class freight which it is essential

to carry to the Wharfs, the net earning on which, to the British

Section alone, would be about $20,000. Besides there would be

the takings from the Flag Stations which has been proposed above,

but as this would involve extra cost they should not be placed to

the credit of the siging.

In case the Wharf and Godown Company could not meet the

cost as above they should have no difficulty in paying $2,640

which is interest at 4 per cent on the amount.

It should be borne in mind that the cost of the siding