At the close of 1885 there were 123,110 miles of railway m the United States, constructed at a cost of £1,668,506,636, or at the rate of £ 1,274 per mile- 1885 • was a bad year for railways all over the world, and especially in America, yet these 123,110 miles returned a net profit of nearly 3f per cent, on the gigantic capital invested in them, and the average dividend paid to the shareholders was 2*02 per cent. The average rate of interest of the aggregate bonded debts of the railway companies is about 4f per cent. ; about the same as that of the New Zealand railway loans. Yet tlie United States railways not only paid interest and expenses but 83 per cent, besides.
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Bibliographic details
Feilding Star, Volume VIII, Issue 62, 25 November 1886, Page 3
Word Count
122Page 3 Advertisements Column 1 Feilding Star, Volume VIII, Issue 62, 25 November 1886, Page 3
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