| The disadvantaged point of railway management by private sector was that in the case of the private railways, being the joint-stock companies, they must report their managing status in detail to the shareholders. |
鉄道が民営であることの軍事的に不利な理由は、私鉄の場合、株式会社であるから、経営状態を詳しく株主に報告しなければならない。 |