WELLINGTON & MANAWATU RAILWAY COMPANY
[United Press Association.]
WELLINGTON, Friday. The final report of the Wellington and Manawatu Railyaw Company to be laid before the shareholders on March 18th states that the profit on the year's operations was £66,738. Of this £57,964 was derived from railway working, and ±!b774 from land sales and interest. It is impossible to say exactly the amount per share which will be available when all the asset* have been liquidated, But a rough estimate fixes it at £2 15s for each £\ of the paid-up capital, which comprises 170,000 shares of £5 each, and about 100,000 shares of this number are held by New Zealand residents. During its final year the company paid £6000 in rates and taxes. The gross traffic receipts were £728,242, the expenditure absorbing £60,089.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NEM19090306.2.59
Bibliographic details
Nelson Evening Mail, Volume XLIII, Issue XLIII, 6 March 1909, Page 4
Word Count
131WELLINGTON & MANAWATU RAILWAY COMPANY Nelson Evening Mail, Volume XLIII, Issue XLIII, 6 March 1909, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Nelson Evening Mail. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in