Manawatu Railway.

Hastings Standard, Volume IX, Issue 5148, 15 March 1906, Page 3

Manawatu Railway.

(Per Press Association). Wellington, March 15. The balance-sheet of the Wellington Manawatu Railway Company shows the gross earnings for the year ending February were £182.460, an increase of £4728 over last year. The Company sold land of the value of £13,548 The expenditure amounted to £75,280 leaving a balance of £57,180The chief items of expenditure were ; Debenture interest £3,100, rates and taxes £5,141. The net profit for the year was : Railway account £1261, land account £570. The principal liability is .—Debentures £680,000. The value of the rolling stock and railway, after writing off £202,086, is placed at £821,393, freehold lands £25,598, the balance due by land purchasers £55,227, deposits and accrued interest £88,796, railway stores £17,149. The Company pay a seven per cent dividend for the year.