CANADIAN RAILWAYS
QUESTION OF LOSSES [from our own correspondent] VANCOUVER, Dec. 2 The perennial question of tho loss on the Canadian National Railway, amounting to nearly a million dollars a week, is brought into tho arena of practical politics by the announcement of the Federal Minister of Transport, Mr. Howe, that he is strongly in favour of writing down the capital of the railway bv £300.000.000. Mr. Howe says that a" loan granted to the defunct Grand Trunk Railway before lS6f, the year of Confederation, is still carried by the Canadian National Railway, and that interest on the loan- continues to apl>car in the financial statement. '"When a company shows an operating loss at the end of a year, its shareholders do not add that amount to capitalisation," he said, "but this, in efleet, is what has been done with the Canadian National."
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19361228.2.19
Bibliographic details
New Zealand Herald, Volume LXXIII, Issue 22612, 28 December 1936, Page 5
Word Count
143CANADIAN RAILWAYS New Zealand Herald, Volume LXXIII, Issue 22612, 28 December 1936, Page 5
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in