. Railway Times . f the companyling. The Sei retary (Mr. H. Tattam) having read the notice1 onvening the meeting, The Chairman said :— Gentlemen, -We have called you together to-day to submitto your approval and to ask you to confirm a provisional agree-ment we have made with the Federal 1 rovei nmenl oi Brazil. Theobject of this agreement is, in general terms, to modify theexisting contracts under which we are working the systemalways we have leased from the Government, so as toenable this system to be further extended, .and larger country, at present without the advantages of railw
. Railway Times . f the companyling. The Sei retary (Mr. H. Tattam) having read the notice1 onvening the meeting, The Chairman said :— Gentlemen, -We have called you together to-day to submitto your approval and to ask you to confirm a provisional agree-ment we have made with the Federal 1 rovei nmenl oi Brazil. Theobject of this agreement is, in general terms, to modify theexisting contracts under which we are working the systemalways we have leased from the Government, so as toenable this system to be further extended, .and larger country, at present without the advantages of railway com-munication, to be opened up, on conditions favourable both tothe country and to the company. I I IS TORY OF I HE K All WAV. In 1901 our railway consisted of a line of about 60 miles,enjoying a guarantee on its capital from the Federal Govern-ment oi Brazil and of our unguaranteed extension of about30 miles. The capital at that date consisted oi £300,000 in THE CHEAT WES7IKN OF BRAZIL RAILWAY COMPANY. LTP. shares, ,£306,250 in 6 per cent. Debenture Sleek, and £266,000 Extension .sunk, a total of £872,250, and the capital depended ? or iis interest, which was ven varied and not verv satisfactory, on the guarantee paid b} the Government. Under the original concession this guarantee would have expired in 1 < is idler thai date did nol seem encourag ?? an . served by this time had proved too small to VfW sufficient traffic to allow of the railway being worked profitably. In the year 1901 the Brazilian Government decided bu\ up all the small guaranteed railways which uin uch unsatisfactorj results, and owing to their irious financial position, checking the development ol the country, and I),. Jos,. Carlos Rodrigues was sent over as -, special delegate to arrange for the rescission of the guarantees \-, owing to .is unguaranteed extension, there was difficulty in dealing with the Great Western Brazil in the - imi way as with the other companies, the Board sugirested to
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