Our First Half-Century: A Review of Queensland Progress Based Upon Official InformationQueensland
History
Our First Half-Century: A Review of Queensland Progress Based Upon Official Information
Queensland
Queensland -- History
It is natural that in accordance with the progressive spirit of the
times the Government should have induced Parliament to authorise the
expenditure of much more than the recent average amount of loan money
in the construction of railways and other public works. No less than
eleven railways, as stated in the Commissioner's report recently
published, have been under construction this year. These lines are
expected to be completed within a few months, so that nearly 4,000
miles will be open for traffic before the close of the financial year.
Besides this large mileage for a population of 568,000 persons, 446
miles of other railways and tramways, more or less under the control
of the State, are available for public traffic. Being of the same
gauge as the State railways, they have been the means of developing
large areas and materially improving the position of the Government
lines. Thus the length of railway which will be open for traffic
before 30th June, 1910, will amount to 4,320 miles of the standard 3
ft. 6 in. gauge, which will be equal to the traffic of a comparatively
dense population. The increased breadth of rolling-stock has been
found to conduce to comfort without imperilling the safety of
passengers, and by the use of heavier rails and more powerful engines
the carrying capacity of the narrow-gauge lines has of late years been
greatly increased.[a]
The Commissioner puts the total cost of our railway system on 30th
June last, including L1,139,405 spent on lines not yet open, at
L24,534,727. The total authorised outlay is, however, given as
L27,221,805, so that at the rate of expenditure of last year the
balance unexpended will enable construction to be continued for over
two years. The net revenue available for the defraying of interest
accruing on capital for the financial year 1908-9 was L883,610,[b]
equal to L3 7s. 6d. per cent. The mean rate of interest payable on
the total public debt of Queensland, which includes much stock bearing
more than 31/2 per cent., is L3 14s. 1d. per cent., so that our
railways may be deemed almost directly reproductive; and, what is
still more satisfactory, they are rapidly improving in net earning
capacity. As every extension adds to the volume of traffic, apart
altogether from the added value given to Crown lands by providing them
with railway communication, every inducement is held out to maintain a
vigorous policy of construction. There is every reason to believe that
in a few years our railway system will be the greatest and most
stable of all contributors to the Consolidated Revenue; and when it is
recollected that forty-five years ago there was not a mile of railway
or tramway open for traffic in Queensland, the progress made in
providing transport facilities is brought out in bold relief.
Public-domain text, read in full here on John Shaqi.
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