THE ANNUAL BALANCE-SHEET
WELLINGTON. March 15. The balance-sheet of the Wellington •and Manawatu Railway Company shows the gross earnings for the year ending February to be-£132,460, an increase of £4728 over those of last year. The Company had sold land to the value of £13,548. - • The expenditure amounted to £75,----280, leaving a balance of £67,180. The chief items of expenditure were: Debenture interest £34,000: rates and taxes £5148.
The net profit for the year was:— Railway account. £11,265;. land account £5701, Tlie 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; balance due by land purchasers £5227; deposits and accruedinterest £88,796; railway stores £17,----149. '
The Company pays a seven per cent dividend for the year. ■
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Bibliographic details
Marlborough Express, Volume XXXIX, Issue 63, 15 March 1906, Page 2
Word Count
130THE ANNUAL BALANCE-SHEET Marlborough Express, Volume XXXIX, Issue 63, 15 March 1906, Page 2
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