Studies in History, Economics and Public Law Volume 63 epub
Studies in History, Economics and Public Law Volume 63 epub

Studies in History, Economics and Public Law Volume 63 by Columbia University Science
Studies in History, Economics and Public Law Volume 63
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Author: Columbia University Science
Number of Pages: 142 pages
Published Date: 20 May 2012
Publisher: Rarebooksclub.com
Publication Country: United States
Language: English
ISBN: 9781236304476
File size: 14 Mb
Download Link: Studies in History, Economics and Public Law Volume 63
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 Excerpt: ...were bought by the state. Of all the questions that came up concerning the purchase price, perhaps the most difficult was that of computing the original cost of a working year, mentioned in division 2 of article 1. Some said that this meant the actual amount used in a working year; but the government considered that it was to be interpreted as the original outlays which the lines had made in actual operation. Consequently, the expenses of such lines as had opened in the middle of the year had to be calculated according to the number of days or months' that they had actually been in running order.2 The dates of the nationalization and the purchase prices of the respective companies are shown in Table 3 of the Appendix. From this it can be seen how quickly the execution of the plan proceeded and what relation the purchase price bore to the original capital. Emphasis must here be laid upon the fact that the government used no special cash funds to effect the nationalization; for the shares of the private railroad companies were merely exchanged for 5 per cent state-debt securities." 1 8: If the company has no line completed within the 3 years from the 2nd half of 1002 to the end of the 1st half of 1905 or if the amount estimated by 5, article 1, no. 1, was less than the invested capital, the Government agreed to pay the sum of invested capital for the former and the amount estimated by 5, article I, no. 1 for the latter (Archiv filr Eisenbahnwesen, 1907, p. 35s). 2 Cf. "Tetsudo Kokuyu Shimatsu Ippan," pp. 813-818. Archiv filr Eisenbahnwesen, 1907, p. 351. There was no opposition to such a transaction. The government did not have to deal with the individual shareholders in the exchange, nor was the consent of the corporations...

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