Railway Working and Management Company Act 1882
WHEREAS there are in the United Kingdom numerous railways owned by separate and independent companies and worked at an excessive per-centage of the gross receipts thereon and the companies owning such railways owing to the meagreness of their revenues are unable in many cases to maintain their railways works and rolling stock in an efficient condition or to introduce improved appliances for the safe and more convenient carriage of passengers and goods:

And whereas such companies borrowing mo...