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Sessional Papers Volume 38, PT. 2

Sessional Papers Volume 38, PT. 2


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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...not qnito answer the objection. The objection is this, that you have no depreciation fund. You say very truly that capital may be represented by Mr. A.'s shares, and wo cannot take away his shares, and therefore we cannot strike it off capital; but if you had a depreciation fund, you would be able to apply your depreciation fund to make up the deSciency. and that is the reason that the questions have been put to you. You see what I mean P--Yes, exactly. 24.867. Otherwise, you see it may be said of you that you are living to a certain extent on your capital by not putting by a certain sum every year to represent depreciation of buildings and other things?--If it were so, if it wero necessary to be done, it would be a very small amount indeed which would satisfy the requirements. 24.868. (Mr. Lewis.) When you realise thiH land that you have referred to, how could you apply the proceeds in reducing your capital P--We simply diminish the capital account by that amount. 24.869. How would the shareholders treat it? What shareholders have to suffer? If you reduced your paidup capital, some of the shareholders would have to be abandoned?--It is done in this way; the amount so realised would be expended on new works without any charge to capital. (Jlfr. TAttler.) Your Lordship will remember that companies are not bought on their capital value but on their income. It is so many years' purchase of their income, not their capital value. If the capital value is worth a million, they would only be bought on their income--they aro not in the least degree bought on their capital. I know there is no railway company, and I do not believe there is any gas company, and certainly there is no water company, that ever has a depreciation account, becauso they go...


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Product Details
  • ISBN-13: 9781155070087
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 1014
  • Spine Width: 51 mm
  • Width: 189 mm
  • ISBN-10: 1155070089
  • Publisher Date: 12 Oct 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 1769 gr

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