. The Street railway journal . heir stockin any year, and 6 per cent per annum from the beginningof operation. If dividends exceeding 8 per cent are paidby any company, an amount equivalent to the excessmust be paid by it in addition to other taxes, provided thatthe company shall have paid at least 6 per cent per annumsince the date of commencing operation, An excise taxon gross receipts is also imposed on all Massachusetts rail-ways, on the following basis: Gross receipts of $4,000 or less per mile of track operated, Iper cent. Gross receipts of $4,000 to $7,000 per mile of track operated, 2
. The Street railway journal . heir stockin any year, and 6 per cent per annum from the beginningof operation. If dividends exceeding 8 per cent are paidby any company, an amount equivalent to the excessmust be paid by it in addition to other taxes, provided thatthe company shall have paid at least 6 per cent per annumsince the date of commencing operation, An excise taxon gross receipts is also imposed on all Massachusetts rail-ways, on the following basis: Gross receipts of $4,000 or less per mile of track operated, Iper cent. Gross receipts of $4,000 to $7,000 per mile of track operated, 2 per cent. Gross receipts of $7,000 to $14,000 per mile of track operated,2J4 per cent. Gross receipts of $14,000 to $21,000 per mile of track operated,2]/2 per cent. Gross receipts of $21,000 to $28,000 per mile of track operated,2^4 per cent. Gross receipts of $28,000 or more per mile of track operated, 3 per cent. This tax is apportioned to the cities and towns in whicha companys tracks are located in proportion to the total. COMMONWEALTH AVENUE track mileage (including sidings and switches) operatedby the company in the several cities. LOCATIONS. INVESTMENT AND REVENUEPRODUCING POWERThe street railways of the Boston metropolitan system 474 STREET RAILWAY JOURNAL. [Vol. XIV. No. 9. may be conveniently grouped fol-lows: The Boston system. The Lynn & JJoston system. The Gloucester group. discussion as fol-
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Keywords: ., bookcentury1800, bookdecade1880, booksubjectstreetr, bookyear1884
