THE RAILWAY RETURNS.

Lyttelton Times, Volume CXIX, Issue 14610, 18 February 1908, Page 8

THE RAILWAY RETURNS.

TO THE EDITOR. Sir,—Although the present-day rata of interest obtained from our railways may be calculated, it seems that tho various periods of construction and tha different rates of interest then paid for Public Works loans', together with the gains made by conversions requira to be taken into consideration before we can ascertain if the railways have directly paid their wav up to date.—> lam, etc., J. H. NEWLYN Christchurch, February 17, 190 S.