18 JANUARY 1930, Page 36

A SATISFACTORY REPORT.

The Report of the Midland Railway of Western Australia for the past year is a satisfactory one, and the dividend on the Unified Ordinary is 4 per cent. as compared with 3 per cent. a year ago. There has also been transferred to Depreciation and Renewal accounts an amount of £40,000, while £25,000 is placed to the General Reserve, and £11,278 is carried forward, as compared with only £2,784 a year ago.

A. W. K.