British Railways a Financial And Commercial Survey

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British Railways a Financial And Commercial Survey
W R William Ramage Lawson
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When everybody is clamouring to get all he can out of the railways there will be no alternative for them but to get all they can out of the public. Good and well if they first get all they can out of themselves. Not by raising rates, increasing terminal charges and curtailing privileges, but in a much bolder fashion by reducing the number of half -loaded wagons and half -empty trains. In this direction there are probably pounds to be saved for every extra shilling that can be extracted from ind
...ig- nant traders. To correct past errors of over-building and over-competition in " public facilities " is what the crisis most clearly calls for.
Railway transportation in the United Kingdom has become a question of such magnitude and complexity that even professionals may well hesitate to dogmatise upon it. But there are some broad features on which even non-professional judgment may be safely expressed. Of these one of the most obvious is that the economic value of railway operations must depend greatly on the degree of organisation which is brought to bear upon them.


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