Volume Two - The Era of Optimism, Investment & Development - Developments at the turn of the 20th century . . .

The capital position is represented by £4,300,000 in shares and stock, and £1,650,000 in debenture stock, the balance being made up of temporary loans and balances and premiums received. After providing for the interest on debentures and price changes, the dividends on ordinary stock for years has been 3 per cent. per annum. The ordinary stock is practically all in the hands of the Marquess of Bute.

The Bute Docks, Cardiff 1894 - a painting held by the National Museum of Wales. [120]

Rhymney Railway - The Rhymney Railway dates from 1854, and has been enlarged from time to time. The first line sanctioned was only nine miles in length. The present mileage is 64 miles, and it serves an important area in the coalfield. The present directors of the company are Messrs. Godfrey Lewis Clark, Pontyclun, Glamorgan, chairman ; William Howard Bell, Melksham, Wilts., deputy-chairman ; Edward Ford North, Woking, Surrey ; Edward Pritchard Martin, Abergaveny ; Henry George White, Melksham, Wilts. ; William James Tatem, Cardiff ; and Sir William Thomas Lewis, Bart., K.C.V.O. The general manager is Mr. E. A. Prosser, and the secretary Mr. W. Fairlamb.