An extremely important matter in connection with the future
development of these lines, and, in fact, all the railway interests of
the Republic, is to be found in the completion of the port works at
Montevideo. Until the port works were taken in hand the embarkation of
cargo at this principal outlet of the Republic had been greatly
hampered by natural difficulties, and consequently heavy charges in
connection with the lighterage from the railway wharf to the ocean
steamers. The deepening of the inner port and the construction of
extensive wharfs and piers at which ocean steamers can berth will
doubtless lead to an increase in traffic, not only from Uruguay but
the neighbouring State of Rio Grande do Sul.
An important connection with the railway system of Rio Grande do Sul
is made at the terminus of the Central Uruguay Northern Extension
Railway at Rivera, and by the completion of a connecting link between
the Sao Paulo Rio Grande Railway System and the lines of the Cie
Auxiliare de Chemins de Fer au Bresil, a Company which controls
practically the whole railway system of the State of Rio Grande do Sul
(now almost completed), direct railway communication will be
established between Montevideo and Rio de Janeiro.
The following table shows the result of working of the Central Uruguay
Main Line, exclusive of extensions, which, as far as expansion in
receipts is concerned, may be regarded as indicative of those lines:
--------------------------------------------------------
Year. | Receipts. | Expenses. | Profit. | Dividend. |
--------------------------------------------------------|
| | | | Per Cent. |
1904-5 | 414,228 | 190,165 | 223,572 | 4-1/2 |
1905-6 | 442,083 | 212,465 | 229,618 | 5 |
1906-7 | 493,682 | 244,922 | 248,760 | 5 |
1907-8 | 508,044 | 272,104 | 235,940 | 4-1/2 |
1908-9 | 557,122 | 287,505 | 269,617 | 4-1/2 |
1909-10| 577,489 | 287,959 | 289,530 | 5 |
--------------------------------------------------------
The increase in gross receipts is perhaps not quite so marked as in
the case of neighbouring lines in the Argentine Republic, and a reason
for this is to be found in the fact that, favoured by magnificent
grazing camps, cattle raising is still the principal industry of
Uruguay. Agricultural development, although more marked of recent
years, has been slow, but an increase in this is probably due to
efforts which are being made by the Government to promote colonisation
and the extension of lines in the Eastern provinces.
Public-domain text, read in full here on John Shaqi.
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