The Bagdad Railway.
The newspaper “ Novoe Vreraya ” states that the German promoters retained only 20 per cent, of the Bagdad railway capital, and induced French capitalists to take 40 per cent. They vainly applied to Russians and Americans to furnish the remainder, and then applied to England. “The Times” says that if the management of the Bagdad railway is to be purely German, then British capitalists had better abstain from participating in the project. British newspapers suggest that Britain should insist as a condition of co-operation in the Bagdad railway on the option of purchaee of all the German shares before they are offered to any other nation, lest they should be transferred to Russia.
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Manawatu Herald, 18 April 1903, Page 2
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115The Bagdad Railway. Manawatu Herald, 18 April 1903, Page 2
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