The Economics of Railway Transport

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Mileage.
Capital in Lacs of Rupees.
Gross Earnings in Lacs of Rupees.
Net Earnings in Lacs of Rupees.
1853 20 37,000 900 490 1863 2,507 53,000 2,20,000 87,000 1873 5,697 91,72,000 7,22,000 3,09,000 1883 10,450 148,30,000 16,38,000 8,41,000 1893 18,465 232,66,000 24,05,000 12,72,000 1903 26,851 341,11,000 36,00,000 18,89,000 1908 30,576 411,91,000 44,82,000 17,82,000 cH.in CONSTRUCTION 93 able, two lines were bankrupt, two at a standstill, several had paid no dividend for years : only one line —
... a metropolitan railway 6 miles long — was a commercial success.
The total weekly receipts on all the Irish railways were only equal to those for two and a half days on one single railway in England.
Of the six examples taken, four show successful results from the outset, and two comparatively unsuccessful. Each of the former refers to a well-populated country, and two of the four to countries which had the additional advantage of considerable accumulated wealth. Of the two latter, one referred to a well-peopled country — Holland — but there railways had to fight their greatest competitor, water transport, under the most unfavourable circumstances possible.


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