BRITISH RAILWAYS
A BIG SCHEME PROJECT FOB EXTENSIVE ELECTRIFICATION. HUGE SUMS INVOLVED. By Telegraph—Press Assn. —CopyriphtAustralian and N.Z. Cable Association. (Received October 30, 5.3 p• ni A LONDON, October 28. Railway electrification on a big scale, based on Government assistance in finding the necessary capital, is the topic of the hour in connection with unemployment. It is hoped that the Government will guarantee the interest on schemes which include £lO,000,000 for the Great Eastern, £6,000,000 for underground extensions, £5,000,000 for the South Eastern, and £3.000.000 for Indian railways. Other railways are preparing extensive schemes which will speed up the metropolitan railways' by thirty per cent., and which, it is estimated, will save every worker ten working days, annually, which otherwise would he •pent on railway trains. The schemes will necessitate new rolling stock, thus creating employment in factories in the North of England and Scotland. About sixty per cent, of the outlay will go in labour, and forty per cent, on raw materials.
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Bibliographic details
New Zealand Times, Volume XLVIII, Issue 11045, 31 October 1921, Page 6
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163BRITISH RAILWAYS New Zealand Times, Volume XLVIII, Issue 11045, 31 October 1921, Page 6
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