Memorandum for the Private Enterprise Committee by the Hon. Gideon Murray, Master of Elibank [n.d.]; held at the National Archives CO 766/1.

Railways are always better and more efficiently administered when under private control. The Railway Staff and Officials under private control regard themselves as servants of the public. Under Government control they are apt to regard the public as their servants. This is principally due to the fact that under departmental control there is always considerable difficulty and usually a long delay in discharging an inefficient Official. There are two possible methods under which these railways might be financed and constructed; — Either the Imperial Government could provide the necessary funds for their construction in the same manner as they did for the Uganda Railway and that they be constructed by private contract; or else a private company might be formed for this purpose, which would go to the London money market for the necessary funds with an Imperial guarantee as to interest and principal for a period of 30 years.