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"RAILWAYS SHACKLED WITH REDUNDANT CAPITAL."

23rd December 1938
Page 27
Page 27, 23rd December 1938 — "RAILWAYS SHACKLED WITH REDUNDANT CAPITAL."
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" If the railway conapanies, instead of spending thousands of pounds opposing legitimate renewal, applications, had promoted the interests of railways in a more legitimate manner, I think they would have been better off to-day," said Mr. Arthur Guy (president) at the annual dinner of the North-eastern Counties Division of the Motor Agents' Association at New castle, last week, Mr. Guy said he wanted the railways to have a square deal, and road transport should have one as well.

The railways were shackled with redundant capital which any commercial undertaking would have taken adequate steps to get rid of several years ago.


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