Sweden 375 



The net profits each year since 1883 have been : 



Kroner Kroner 



1883 6,528-68 1888 62,418-96 



1884 36,059 ; 22 1889 64,780-04 



1885 49,559-82 I89Q ... . ... 79,579-26 



1886 56,005-94 1891 81,819-57 



1887 58,843-86 1892 ... ... IOO,285-28 



1893 113,198-79 kroner (6,2I9/.) 



These profits have sufficed to pay a steady dividend of 8 

 per cent per annum (the maximum allowed) on the share capital, 

 to extend the business to an extent unprecedented elsewhere, to 

 convert the system from single to double wire, and to lay by money 

 against deterioration and almost every possible contingency. 

 And all on a maximum rate of 5/. us. id. operative over 140 kilo- 

 meters ! 



