It would take another 12 decades for some of this duplication to be unravelled, via the infamous, much-maligned Beeching Reports of 1963 and 1965. Yet mention of Dr Richard Beeching, the first ...
GIVEN, a railway system which earns each year just about what it earned the year previous, while the capital charged against it is each year materially greater; how are dividends always to be paid at ...