BRITISH RAIL LOSSES:

BRITISH RAIL LOSSES:; INTWestminster CMS John Prescott MP (Shadow Transport Sec intvwd SOF-BR is in deep financial trouble and has not achievedany of the goals set for it by government/privatisation is now irrelevant to its problemsCMS Richard Hannah (UBS Phillips & Drew intvwd SOF-Some of the best investments now are companies whichhave boomed in the private sector so the railways maystill be attractive to investorsLondon CMS Sir Bob Reid (Chmn British Rail seated at pkfEuston CMS SIDE Reid speaking at pkf (not heardMS DittoMS Journalists seated at pkfCMS Sir Bob Reid (Chmn British Rail intvwd SOF-There will be an infrastructure company owned by thegovt after privatisation and the money for investmentwill come from here/ investors need to make a returnon their money and will be interested in theconditions of saleCMS Richard Hope ("Railway Gazette" intvwd SOF-I think the White Paper on privatisation due at theend of this month will advocate privatisation of thefreight business and allow a few private operatorsto operate on the fringes but the great majority ofpassenger journeys will still be conducted by BREXTKings Cross MS Network South East train towards into stationMS Suburban passenger train along into station andpassengers off
MIX/FX C4N CF = B0114768 OR B0144273 19.59.32 - 20.03.30
 C4N PAB = B0201926