Note 60 — SECTION XIII. WORKING OF ENGLISH AND CONTINENTAL RAILWAYS— COMPARATIVE FACILITIES AFFORDED BY THEM.

See page 5 of Sir B. Samuelson’s report. It is not known to what the observation as to charges to capital can refer. The larger (if not all) companies in this country charge to revenue portions of the cost of improvements to stations, sidings, &c., which might strictly be charged to capital. In the published returns of the working of German railways, there is nothing to show to what extent, if any, the cost of new works is charged to capital.