These laws are to prevent fictitious capitalization and " stock-watering."
The total paid-up railway capital of the United Kingdom amounted, in 1908, to £1,310,533,212, or an average capitalization of £56,476 per route mile, though it should be noted that this total included £196,364,618 of nominal additions through " stock-splitting," &c. Per mile of single track, the capitalization in England and Wales, Scotland, Ireland and the United Kingdom, is shown in Table VIII.
Powell, Railroad Promotion and Capitalization in the United States (New York, 1909); L.
The line was to be constructed in sections of zoo kilometres (125 m.) each, and as the complete plans and drawings of each were presented at the times and in the order specified in the convention, the government was to deliver to the concessionnaires government securities representing the capitalization of the annuity accruing to that section.
(7) Hungary to be entitled to redeem her share of the old Austrian debt (originally bearing interest at 5 and now at 4.2%) at the rate of 4.3 2 5% within the next ten years; if not redeemed within ten years the rate of capitalization to decrease annually by -% until it reaches 4.2%.
In 1905 capitalization (under the factory system) had increased to $102,439,481, and value of products to $137,960,476.
Ottoman arms met with almost systematic reverses; both the ordinary and the reserve treasuries were depleted; a proposal to contract a foreign loan (1783) came to nothing, and the public debt (duyun-i-usnumiye) was created by the capitalization of certain revenues in the form of interest bearing bonds (sehims) issued to Ottoman subjects against money lent by them to the state (1785).
The number of rural establishments in 1900 was 1174; in 1905, 1179; and the number of urban establishments in 1900, 195; in 1905, 220; but the capitalization of the rural establishments increased from $50,057,922 in 1900 to $97,942,185 in 1905; while that of the urban increased from $12,692,105 to $15,480,039; the value of the products of the rural establishments increased from $41,930,816 to $ 6 4, 88 7,74 8; while that of the urban establishments increased from $11,404,995 to $14,488,514; and the number of employes in rural establishments increased from 36,616 to 50,744, while those in urban establishments increased from 7409 to 8697.
Toward corporations the policy of New Jersey has always been liberal; there is no limit fixed either to capitalization or to bonded indebtedness; the tax rate, as already indicated, is lower for large than for small corporations; and so many large combinations of capital have been incorporated under the laws of the state that it is sometimes called " ` the home of the trusts."