British Railway Finance a Guide to Investors

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177 159 5} 34, 971 7 45, 598 1901 . .
171J 149J 4J 36, 914 ...
following the example of others in regard to capital expenditure, which was more lavish than has been the case in past years. An additional 686, 000 of the consolidated stock took rank for dividend during the half-year, which helped to make the dividend smaller. A sum of 596, 000 was spent on capital account, of which only 136, 000 was on new lines, whilst for the current six months the estimate is 373, 000.
For the current six mo
...nths, up to November 17, there is an increase of 50, 000 in the passenger 185 BRITISH RAILWAY FINANCE receipts, but a decrease of 97, 000 in the goods train earnings, making a total decline of 47, 000.
The report of the directors stated that on capital account the sum of 530, 944 had been received on shares and stock during the half-year, in addition to premiums thereon amount- ing to 189, 376. The expenditure on capital account had been as follows, namely : On lines and works open for traffic, 272, 236 ; on new lines, etc.


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