20 JANUARY 1933, Page 36

THE RAILWAY STOCKHOLDERS' PLIGHT.

Whatever may be the opinions formed as to the merits or demerits of the Railway workers' stand against any fresh reduction in wages, considerable sympathy is expressed for railway stockholders who have suffered terribly in consequence of the fall in Railway revenues and the consequent dwindling of profits. I have more than once called attention to the plight of those stockholders, many of whom are small investors entirely dependent upon dividends from securities which have come down to them from those who had implicit trust in the soundness of English Railway stocks.

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