The Formative Years: 1830–70 (i) Investment

  • T. R. Gourvish
Part of the Studies in Economic and Social History book series (SESH)


THE pattern of railway investment may be taken from three separate series: Mitchell’s estimates of gross capital formation by United Kingdom railways, 1831–1919, which distinguish land purchase costs; Kenwood’s series of British gross investment, 1825–75, which excludes land purchase, legal and parliamentary costs, but includes expenditure on repairs and renewals; and Hawke & Reed’s raised capital data (that is, paid-up capital and loans) for the United Kingdom, 1825–1912 [Mitchell, 1964; Kenwood, 1965; Hawke & Reed, 1969].


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Copyright information

© The Economic History Society 1980

Authors and Affiliations

  • T. R. Gourvish
    • 1
  1. 1.University of East AngliaUK

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