The Southern Railway company in Ireland (as distinct from the British railway company of the same name) was something of a financial disaster - even by minor Irish railway standards.
Never a financial success, the company fell into administration and was taken over by the State, due to defaulting on loans given to it.
The company was the last entity to be merged into the Great Southern Railways upon the merger of all railway companies located entirely within the Free State, as no-one could be found who was willing to admit to owning shares in the company. It is believed that this is due to the possibility of any such person being held personally liable for the debts of the company, if they were to identify themselves.
Last modified: 20th August 2022
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