. The street railway review . ts, and has authorized share capi-tal as follows: £200,000 in 5 per cent cumulative perpetual prefer-ence shares; £200,000 in 5 per cent non-cumulative preferred ordi-nary stock, ranking in any one year for additional dividend rat-ably with the deferred ordinary stock after the latter has receiveda dividend of 7 per cent; £210,000 in deferred ordinary stock;£40,000 in ordinary shares. Of the authorized share capital therehas been issued and fully paid up £75,000 in cumulative perpetualpreference shares and all of the preferred and deferred ordinaryslock, making a
. The street railway review . ts, and has authorized share capi-tal as follows: £200,000 in 5 per cent cumulative perpetual prefer-ence shares; £200,000 in 5 per cent non-cumulative preferred ordi-nary stock, ranking in any one year for additional dividend rat-ably with the deferred ordinary stock after the latter has receiveda dividend of 7 per cent; £210,000 in deferred ordinary stock;£40,000 in ordinary shares. Of the authorized share capital therehas been issued and fully paid up £75,000 in cumulative perpetualpreference shares and all of the preferred and deferred ordinaryslock, making a total of £485,000. There were outstanding at theclose of the last fiscal year, ending June ,10, 1903. 4/^ per centdebenture bonds amounting to £ Beginning in 1898 the company paid 4 per cent per annum on Ihcordinary stock until 1902-3. when the dividend rale was increasedto 5 per cent. The reser\e accounts carried by this company arc three in num-ber—reserve fund, capital amortization fund, and renewals main-. III- AMI friWKH LINKS. Depreciation charges, written uff annually, arc as follows: Electrical machinery 5 per cent. Steam and water machinery 5 Rolling stock 3/^ Track 2 Poles 10 • Lines 3 Buildings i Office furnilurc and fi,xtures 5 In 1902 the company instituted a plan whereby the employes,nuUl .-^liare in the profits, all employes sharing equally in one-
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Keywords: ., book, bookcentury1800, bookdecade1890, booksubjectstreetrailroads
