SOUTHERN RAILWAY. One or two points of considerable interest were
dealt with Brigadier-General the Hon. Everard Bating at the tree meeting of the Southern Railway. It appears that as consequence of last year's coal stoppage and the general stn the railways as a whole lost in gross receipts no less t 130,000,000. The disastrous effect upon dividends we already, and General Baring was thoroughly justified in stat that the Southern was the only company in the railways , that had earned its dividend' on the ordinary share eaP out of the profits of the year. Once again the chairman the Southern Railway referred to the unfair burdens suite by the railways in the matter of local taxation as affectinf. . upkeep of roads used by rivals of the railways. This is a 1 where railway shareholders undoubtedly have a verYid grievance, which, in the interests of fair play, shalt rectified at the earliest moment.
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