CANADIAN RAILWAYS
PROPOSED PARTNERSHIP
SHAREHOLDERS AND , PEOPLE .
(Eeeeived 9th __biuary,..2 p.m.) WINNIPEG, Bth February. Foreshadowing some sort of a partnership agreement between'the people of Canada, as owners of the Canadian National and the shareholders of the Canadian Pacific, Mr. E. W. Beatty, president and chairman of the Canadian Pacific, carried his argument for the 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 would effect a saving of. 75 million dollars annually to the country. .
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Bibliographic details
Evening Post, Volume CXV, Issue 33, 9 February 1933, Page 12
Word Count
127CANADIAN RAILWAYS Evening Post, Volume CXV, Issue 33, 9 February 1933, Page 12
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