The Railway Times, Vol. 94

The Railway Times, Vol. 94 : With Which Is Incorporated Herpath's Railway Journal; A Journal of Finance, Construction, and Operation; July to December, 1908 (Classic Reprint)

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Excerpt from The Railway Times, Vol. 94: With Which Is Incorporated Herpath's Railway Journal; A Journal of Finance, Construction, and Operation; July to December, 1908 Messrs. Speyer Brothers and the Hong Kong and Sha Banking Corporation offer four per cent. Debenture bonds of the Manila Railway Company (1906) being part of already issued. The price is 8 cent., so that the yield is nearly 5 per cent. The bont in effect a first charge on the old system of 208 mil railway and the further 444 miles now in course-0f con tion, The system has for some time been in successful tion in the Philippines, and the net revenue amount'ed it to whilst the charge on the outstanding A o ture bonds is The prospectus gives estimates, show for the first year of the completed system of 652 net earnings of against a total fixed charge 0 maximum of A bonds of The pectus also contains a letter from the Chief of the Bi of Insular Affairs at \vashington, which states that the covered by the concession of the. Philippine Commission not but be profitable from their completion, and increas so thereafter under any fair management. It also refers t fact that the early completion of the branch lines will the company in a position to profit fully by the more fa' able trade relations with the United States, which it is h will soon be extended to the islands. Full particulars wi found in our advertising pages. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.show more

Product details

  • Paperback | 716 pages
  • 152 x 229 x 36mm | 939g
  • Forgotten Books
  • United States
  • English
  • , black & white illustrations
  • 0243163495
  • 9780243163496