Page:Bradshaw's Shareholders' Guide for 1905.djvu/16

Rh The capital created in connection with the railways of the United Kingdom continues to grow apace, over £28,000,000 having been added during 1903, of which about £10,000,000 was in ordinary stock. During 1904 there was again a considerable increase, chief among the new issues being that of the North British 4 per cent. preference stock. The following table sets out the new issues of capital during the year, with a note of the objects for which it was required:—