National Railways An Argument for State Purchase
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In our eReader you can find the full English version of the book. Read National Railways An Argument for State Purchase Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book National Railways An Argument for State Purchase
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There seems no reason now for a State guarantee to English companies, because the State itself could raise in India and here together all the capital needed, by means of its own guarantee, and at a cheaper rate than would satisfy any company. The undesirable nature of these contracts to pay interest " operates of course in a way which, when there is any deficiency in the net receipts, is identical with a liability to pay interest on ordinary debt. ... In all cases they are such as to make it to... the interest of the Government to exercise the power of purchase, which is among the conditions, at the earliest date possible.^ While any substantial scheme for constructing a railway by private enterprise should be favourably received, among the conditions " should invariably be found an arrangement for the ultimate transfer of ownership to the State, on equitable terms." 2 1 "The Finances and Public Works of India, from 1869 to 1881,'' by Sir John and Lieiit.-General Richard Strachey, p. 128.
What to read after National Railways An Argument for State Purchase?
You can find similar books in the "Read Also" column, or choose other free books by James Hole to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
There seems no reason now for a State guarantee to English companies, because the State itself could raise in India and here together all the capital needed, by means of its own guarantee, and at a cheaper rate than would satisfy any company. The undesirable nature of these contracts to pay interest " operates of course in a way which, when there is any deficiency in the net receipts, is identical with a liability to pay interest on ordinary debt. ... In all cases they are such as to make it to... the interest of the Government to exercise the power of purchase, which is among the conditions, at the earliest date possible.^ While any substantial scheme for constructing a railway by private enterprise should be favourably received, among the conditions " should invariably be found an arrangement for the ultimate transfer of ownership to the State, on equitable terms." 2 1 "The Finances and Public Works of India, from 1869 to 1881,'' by Sir John and Lieiit.-General Richard Strachey, p. 128.
What to read after National Railways An Argument for State Purchase?
You can find similar books in the "Read Also" column, or choose other free books by James Hole to read onlineMoreLess
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