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The New Zealand Railways Magazine, Volume 2, Issue 11 (March 1, 1928)

A Loss of Thousands

page 41

A Loss of Thousands.

The Commission's Report sums up the incident as follows:—

“The net result of the whole transaction is, that the shareholders lost their money, the Great Southern and Western lost £13,000 in addition to their loss on working, the Public Works' Loan Board lost £12,000 in addition to £1,230 spent on maintenance, and the district lost the benefit of the line, which in its dismantled and derelict condition, remains a monument of ill-advised action.”

There is no confirmation of the statement that the Government propose appointing a Commission to inquire into the whereabouts of the “Lost Line.”