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Category:Guaranteed Railways

6 bytes removed, 20:48, 14 May 2009
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These proposals were accepted by the Court of Directors which then began to contract with the three existing companies and with further companies for the delivery of Dalhousie's vision.
From 1858, authority passed to the Secretary of State for India but by 1862, the Government of India was beginning to question the generosity shown to British investors at the expense of Indian taxpayers. No new lines were promoted under the terms of the original guarantee and every encouragement was given to [[:Category:Private Railways|'''private investors''']] to construct railways at their own risk and cost.

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