Fear of Losses—
All existing staffs required for increased traffic—therefore no loss to them.
Traders, like newspapers more than make up for any losses by economy in rates and fares and increased circulation.
Mr. Acworth’s objections to “average” rates considered.
[Chapter V.]
Finance of Scheme.
Present averages per annum in round figures taken from Board of Trade returns 1911 and 1912:—
| Receipts from Passengers | £45,000,000 |
| ” ” Goods per passenger train | 10,000,000 |
| ” ” Goods Train Traffic | 64,000,000 |
| ” (Miscellaneous) | 10,000,000 |
| Gross Revenue | £129,000,000 |
| Working Expenses | 81,000,000 |
| Net Receipts | £48,000,000 |
| Total Paid-up Capital and Debentures | £1,400,000,000 |
Net receipts show average income of 3½ per cent.