CANADIAN RAILWAYS.
PLEA FOR UNIFICATION. WINNIPEG, Feb. 8. Foreshadowing some sort of a partnership agreement between the people of Canada as owners of the Canadian National Railway and the shareholders of the Canadian Pacific Railway, Mr E. W. Beatty, president and chairman of the Canadian Pacific, carried his argument for unification for management purposes another step in an address before the Canadian Club on Wednesday. Under such an arrangement, he said, the joint railways would have the benefits of private administration, and there would exist a common treasury from which an equitable division of net earnings would work toward the relief of the country in meeting interest charges as well as operating deficits. Unification, he claimed, would effect a saving of 75 million dollars annually to the country.
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Manawatu Standard, Volume LIII, Issue 63, 10 February 1933, Page 7
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128CANADIAN RAILWAYS. Manawatu Standard, Volume LIII, Issue 63, 10 February 1933, Page 7
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