■ — ■»-.'" ' .■ The Loan Bill introduced by the Premier provides that the Treasurer may from time to time, in the colony or else , where; by debentures or scrip, or by the creation or issue of inscribed stock under " The New! Zealand Consolidated Stock Act 1877," or otherwise, raise such sums of money, not exceeding in the whole the sum .of one million pounds, as he thinks fit. The moneys for roads and bridges may be handed over to local bodies in whose districts the works are situated, or under whose control auch works are usually performed, upon such terms and conditions as in each case the Minister in charge determines by agreement with such local authority. The loan is to be appor tioned as follows '. — In aid of the public works fund, L 500,000. For the purposes following : — For the development of the goldfields (including roads on gold fields), L 200.000. For the development of the thermal springs and natural scenery of New Zea land, L 50,000. For railways — namely, Whangarei- Kamo extension railway, Kaihu Valley railway extension, Helensvillo North wards railway, Grahamstown-Te Aroha railway, North Island Main Trunk rail way, Eketahuna-Woodville railway, Mid land railway, Otago Central railway, Law rence branch extension railway, Catlins River railway, Seaward Bush railway, uew locomotives, rails, sleepers, and other material, L 250,000. In aid of the Lands improvement ac count under " The Lands Improvements and Native Lands Acquisition Act, 1894," and for the purposes specified or contem plated in part 1 of that Act— namely, roada apd bridges, etc. , L 250.000. In aid of the Native lands purchase ac count under the last-mentioned act, and for the purposes specified or contemplated in part II of that act — namely, purchase of Native lands, L 25.000. Grand total, L 1,000,000.
