Railway Capital Expenditure Reprinted From the Financial Times
Railway Capital Expenditure Reprinted From the Financial Times
J L Maclean
The book Railway Capital Expenditure Reprinted From the Financial Times was written by author J L Maclean Here you can read free online of Railway Capital Expenditure Reprinted From the Financial Times book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Railway Capital Expenditure Reprinted From the Financial Times a good or bad book?
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In that year 50 per cent, of Surplus Lands stock was issued to holders of Ordinary stock, and holders of this now receive the Estate Eevenue, which, for comparison, we have ( 19 ) shown separately. Following our previous plan, we show in our next table the resulting gain or loss from the ten years' capital expenditure on the basis of a 4 per cent, return. IV. RESULTS OF CAPITAL EXPENDITURE. COMPANY. Capital Expenditure in 10 Years. Table I. Increase in, n Annual Gain Net Revenue q r nt : o Grea...t Eastern Great Northern 8. 197, 167 6. 432, 543 302, 022 190. 639 327, 836 257, 302 25, 864 66, 663 Metropolitan 1 038, 850 47986 42, 754 -t- 5, 232 Do. District.. 1, 001, 741 35. 942 40, 069 1 - 4, 127 1 The results above are not very striking. The Great Northern loss is considerable, however, though, as the next table will show, the effect on the Ordinary dividend is much more adverse than the above figures would indicate. Owing to special con- ditions, which we explain below, the Metropolitan and the District are in a similar position, whilst the Great Eastern has been able to mitigate the unfavourable effect produced on its net revenue by recent capital expenditure.
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