Railway Reform: Its Importance and Practicability Considered as Affecting the Nation, the Shareholders, and the Government |
Common terms and phrases
50 per cent adopted amalga amount annum average Belgium best paying Birmingham Board of Trade Brighton capital carriages carried cause charges coaches coal committee comparatively competing lines competition consider considerable construction conveyance conveyance of passengers conveyed cost difference directors dividend effect existing expenditure expense extent farthing per mile first-class passengers Government Grand Junction halfpenny per mile high fares increase Legislature Liverpool London and North-Western low fares Manchester matter ment millions monopoly North London line number of passengers opinion opposition ordinary paid Parliament Parliamentary Parliamentary trains parties penny per mile possession Post Office profit purchase Railway Bill railway companies railway property railway system reduced regard result revenue scale of fares second class shareholders shares shillings Sir Robert Peel tariff taxation third-class three farthings three halfpence threepence throughout the kingdom tion traffic train twenty twopence United Kingdom
Popular passages
Page 194 - Majesty's treasury, subject to the provisions hereinafter contained, upon giving to the said company three calendar months' notice in writing of their intention...
Page 141 - The inferiority of government agency, for example, in any of the common operations of industry or commerce, is proved by the fact, that it is hardly ever able to maintain itself in equal competition with individual agency, where the individuals possess the requisite degree of industrial enterprise, and can command the necessary assemblage of means.
Page 194 - Provided always, that no such revised scale shall take effect, unless accompanied by a guarantee to subsist as long as any such revised scale of tolls, fares, and charges, shall be in force, that the said divisible profits, in case of any deficiency therein, shall be annually made good to the said rate of ten pounds...
Page 141 - A second general objection to government agency is that every increase of the functions devolving on the government is an increase of its power, both in the form of authority, and still more, in the indirect form of influence.
Page 95 - Purchase of the said average Profits is an inadequate Rate of Purchase of such Railway, reference being had to the Prospects thereof, to require that it shall be left to Arbitration, in case of Difference, to determine what (if any) additional Amount of...
Page 193 - ... pounds of such paid-up capital stock, it shall be lawful for the Lords Commissioners of her Majesty's Treasury, subject to the provisions hereinafter contained, upon giving to the said company three calendar months...
Page 141 - ... few will dispute the more than sufficiency of these reasons, to throw, in every instance, the burden of making out a strong case, not on those who resist, but on those who recommend, government interference. Letting alone, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Page 194 - Profits on any such Railway it shall be lawful for the said Lords Commissioners, if they shall think fit, subject to the Provisions herein-after contained, at any Time after the Expiration of the said Term of Twenty-one Years, to purchase any such Railway, with all its Hereditaments, Stock, and Appurtenances, in the Name and on Behalf of Her Majesty, upon giving to the said Company Three Calendar Months...
Page 193 - ... Prospects thereof, to require that it shall be left to Arbitration, in case of Difference, to determine what (if any) additional Amount of Purchase Money shall be paid to the said Company : Provided also, that such Option of Purchase shall not be exercised, except with the Consent of the Company, while any such revised Scale of Tolls, Fares, and Charges shall be in force.
Page 107 - You shall not have a permanent monopoly against the public, but after a limited number of years, we give you notice we shall have the option of purchasing your property.