362 



History of Inland Transport 



and on all classes of capital paid in the years from 1900 to 

 1909, were as follows : 



YEAR. 

 1900 

 1901 

 1902 

 1903 

 1904 

 1905 

 1906 

 1907 

 1908 

 1909 

 1910 



ORDINARY. 



3-34 

 3-05 

 332 

 3-30 

 3-26 

 3-29 

 3-35 



2-99 

 3-15 



ALL CLASSES. 



3'45 

 3'33 

 3'45 

 3 '44 



3'43 



3-45 

 3-32 

 3'39 

 3'53 



It is pointed out in the Returns, however, that on account 

 of the nominal additions made to the capital of the companies 

 the rates of dividend or interest given in the tables are lower 

 than they would otherwise be. Thus the average rates of 

 dividend or interest for the United Kingdom in 1910 cal- 

 culated on capital exclusive of nominal additions would show : 

 Ordinary, 4-28 per cent (instead of 3-48 as above), and " all 

 classes " 4-15 (instead of 3-53) per cent. 



These averages, nevertheless, allow for a large amount of 

 capital on which the dividend or interest paid is either nil 

 or substantially below the averages stated. 



The rates of dividend on ordinary capital in 1910 were as 

 follows : 



RATES OF DIVIDEND OR INTEREST. 

 Nil 



Not above i per cent 



Above i and not above 2 per cent 

 3 3 



3 4 



4 5 - 



5 6 



6 7 



7 8 



8 9 



9 per cent 



Total 



