UNDERGROUND ELECTRIC SCHEME APPROVED.
At the time of the appearance of the Scheme for reorganiz, ing the capital of the Underground Railways of London, I emphasized in these columns its many advantages, including that of simplifying the method of distribution of profits. It is not surprising, therefore, to find that at the meeting held last week to put forward the necessary resolutions the proposals of the Directors should have been thoroughly supported. Lord Ashfield, in the course of 'his 'remarks, cleared up one or two points where information 'was desired by the shareholders, and it was clear _that the, feeling of those present was entirely in favour of adopting the scheme. A poll was demanded, however, and the result was overwhelm- ingly in favour of the directors'. recommendations.
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