Re: Please explain Great Southern Railways

[mauried@commslab.gov.au (Maurie Daly)]

In article <35a702b5.0@139.134.5.33> "Ben Staples" <BenKim@bigpond.com> writes:
>From: "Ben Staples" <BenKim@bigpond.com>
>Subject: Re: Please explain Great Southern Railways
>Date: Sat, 11 Jul 1998 14:26:57 +1000

>MarkBau1 wrote in message
><1998070307121600.DAA15503@ladder03.news.aol.com>...
>>Ownership of the various Australian rail assets is now so complicated that
>it
>>would take a QC to sort it out. Suffice to say that GSR's job is simply to
>>provide the service.


>Mate, you are having a really big wank.
>You either own an asset or you don't own an asset.
>That's not being too complicated is it????????

>Ben Staples


Well , by that sort of reasoning very few Railways in this country actually 
own anything, most of the major capital infrastructure is leased, or under 
some sort of finance agreements.
Even Government Business Enterprises like RAC or Victrak dont own the assetts 
they control , they simply administer them on behalf of the State.
About the only thing GSR actually owns is a heap of carriages.
They dont even own Keswick.

MD