7 DECEMBER 1929, Page 54

PERUVIAN CORPORATION.

Mainly in consequence of higher working expenses, the net receipts of the railways owned by the Peruvian Cor- poration have declined for the past year from 1683,000 to £629,000, and after paying the preference dividend of 5 per cent. the amount carried forward is £129,749, against £132,672. It must be borne in mind, however, that in the future the corporation should derive some benefit from the reduction in the debenture sinking fund agreed to last year, while it must also be remembered that under the new arrangement with the Government the corporation now absolutely owes