Railway finance, meetings, etc.

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Lake Erie and Northern Ry.—A meeting of shareholders will be held in Montréal, Oct. 5, to approve resolutions cancelling a mortgage of $500,000, securing second mortgage bonds, and to issue other bonds to secure further construction, to be secured by a new mortgage. This is necessary owing to the leasing of the line to the C.P.R. for 999 years at a rental equal to the interest on bonds issued or to be issued by the company. The shareholders will also be asked to approve of the lease, which will also be approved of the lease, which will also be approved at the annual meeting of C.P.R. shareholders to be held Oct. 7.

Railways: C.P.Ry., L.E. & N.Ry.

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