April 4, 1938 (18th Parliament, 3rd Session)

LIB

Mr. HOWE: (Minister of Transport)

Liberal

1. The line forms part of the Stanstead, Shefford and Chambly Railroad Company, the capital stock of which company is held by the Centmont Corporation. The capital stock of the Centmont Corporation is held by the Central Vermont Railway, Inc. The capital stock of the Central Vermont Railway Inc., is held by the Canadian National Railway Company.
2. No separate accounting is maintained for this line; (a) This is a question of internal management and it is not the policy of the railway to make such information public; (b) About 1888.
3. See answer to No. 2.
4. The Canadian National Railway Company owns 62-1 per cent of the capital stock of the Montreal and Southern Counties Railway Company.
5. The operation of the Montreal and Southern Counties Railway before taxes and income charges resulted in a deficit of $60,910.69 in 1937. The corresponding result for 1936 was $63,449.02.

Topic:   QUESTIONS
Subtopic:   CANADIAN NATIONAL RAILWAYS-BRANCH LINES
Full View