250,000,000at 1s£12,500,000
add25,000,000at 4s. extra5,000,000
£17,500,000
Estimated total£46,750,000

This is £1,750,000 more than the present gross revenue from passengers and requires an increase of 250,000,000 = 15 per cent. on the total present number of passenger journeys.

II. Goods.

Total tonnage by goods train as now,
viz., 524,000,000, at 1s. 6d
£39,300,000
Ditto per passenger train, 20,000,000 at 10s10,000,000
Live Stock, as now1,500,000
£50,800,000
Increased tonnage required to make up
present revenue, 48,000,000 tons at 10s.
24,000,000
£74,800,000

which is £800,000 more than present total receipts from goods per passenger and goods trains, and requires an increase of under 10 per cent. in tonnage.

Reasons for anticipating increase:—

(a) Of Passengers. Long distance journeys now restricted by expense.—Through tickets now counted as one journey will, under new scheme, be sometimes two or three, e.g., London to Londonderry would be three tickets—Every single journey taken, usually means also return journey home.

(b) Of Goods. Example of Post Office—Before Penny Post, average price per letter 7d., and letters carried 76,000,000. After Penny Post, first year number doubled; in twenty years, increased by eight times; about doubled every twenty years since. Before three letters per head of population, now 72 per head. Goods now sent by road motors will, with cheaper rates, go by rail—perishable articles, now not sent at all by fast train owing to expense, will be sent when rates cheaper.

[Chapter VI.]
Working Expenses.