See p. [63].
Lectures on the "History of Traffic Legislation and Parliamentary Action in Connection with Railways," delivered at the London School of Economics. See "The Railway News," November 30, 1907.
The existence of this large number of privately owned railway waggons—the greater proportion of which are in use in the coal trade—recalls the days when it was assumed that traders would provide their own rolling stock on the railways. It shows that they still do so to a considerable extent, although, of course, relying on the railway companies to supply the locomotives. It will also be seen how the questions which have arisen from time to time as to the use of a larger type of railway waggon and, also, of automatic couplers on waggons, may be complicated by the variety of ownership. There is an Association of Private Owners of Railway Rolling Stock, the objects of which are "to maintain and defend the rights and promote the interests of private owners and hirers of railway rolling stock."
| The receipts under this head were as follows:— | £ |
| Steamboats, canals, harbours and docks | 5,145,640 |
| Rents, tolls, hotels, etc. | 4,542,793 |
| ————— | |
| 9,688,433 |
An excellent summary of the general position to-day will be found in "The Rating of Railways," a booklet issued by the Editor of the "Great Western Railway Magazine."