Railway finance, meetings, etc.

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Central Ontario Ry.—The Judicial Committee of the Privy Council in London has upheld the decision of the Canadian courts in the action in which the trustee for the bondholders asked for an order for the sale of the line. The company contended that a railway being a public utility, could not be sold. The Ontario courts decided against this contention and ordered the sale. The litigation has been going on for nearly three years.

Railways: C.O.Ry.

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