Directors, Dilemmas and Debt - the Great North of Scotland and Highland Railways in the mid-nineteenth century

摘要

This book examines in great detail the capital needed to build the highland railways between the 1850s and 1870s. It looks at the amounts needed and how it was raised. Because the proposed railways went through relatively sparsely populated parts of the country, the revenue was likely to be low and so the railways needed to keep capital costs down. These Scottish railways kept building costs down to about ￡7,000 per mile. This compares with English railways where ￡35,000 per mile was not unknown.