Show The C P Lease New You April 16The following statement is made by the Central Facile Fac-ile officials The rental guaranteed to the Central Paciftic Company by thee the-e ee fhe Southern Pacificis at the rate of 1200 000 per annum and is payable on May 1st of each fiscal year If the surplus earnings above the tixed charges do not reach this sum the de ficit must be made good bv the lessee The lease was in effect for nine months in 1SS5 Tnc amount of rental duo in May next is therefore 900000 not 1200000 as has been stated This would suffice to pay a I A per cent dividend if it were available for that purpose but the company has not yet funded all of its floating debt and may be re required to pay some portion of it out of the rental The question of declaring a dividend has not yet been considered by the directors |