WELLINGTON AND MANAWATU RAILWAY COMPANY.
By Telegraph---Press' Association. WELLINGTON, March 5. The final report of the Wellington 1 and Manawatu Railway Company to Ibe laid before the shareholders on March 18th Htates that the profit on the year's operations was £fs'6y73B. Of this £57,964 was derived from railway working and £8,774 from land sales and interest. It is impossible to say exactly the amount per share which will be available when all the assets have been liquidated,, but a rough estimate fixes it at £2 15s for each £1 of paid up capital which comprises 170,000 shares at £5 each. About 100,000 of this number are held by New Zealand residents. During the final year the company paid £6.000 in rates and taxes. The gross traffic reieipts were £128,242, expenditure absorbing £60,087.
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Wairarapa Age, Volume XXXII, Issue 3131, 6 March 1909, Page 5
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132WELLINGTON AND MANAWATU RAILWAY COMPANY. Wairarapa Age, Volume XXXII, Issue 3131, 6 March 1909, Page 5
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