Addendum: 52 Questions on the Nationalization of Canadian Railways by Fabius (Canadian Transport Sourcebook)

Addendum: 52 Questions on the Nationalization of Canadian Railways by Fabius

Canadian Transport Sourcebook > All works> 52 Questions on the Nationalization of Canadian Railways > Addendum

Addendum.

Regarding the statement herein that the actual net earnings of the C.P.R. represent a surprisingly small interest per annum on the investment the following excerpt from Lord Shaughnessy's address at the annual meeting of the shareholders in May, 1918, is interesting. It reads:

"The highest dividend paid to shareholders from transportation revenue, namely, 7% per annum, is only equivalent to 2¼% per annum on the cost of the railway system, and if the dividend of 3% from special income be added, making a total of 10% per annum, the distribution is less than 2½% on a conservative valuation of the company's total assets."

Previous: Chapter XVI
Up: Table of Contents

Copyright/Licence: This work was first published in 1964 or earlier, and the author of the work was anonymous. To the best of my knowledge, the author of the work was unknown at the end of the year 50 years after the work was published, meaning that this work would be in the public domain in Canada, per section 6.2 of the Copyright Act. Note also this link. See disclaimers.