File:The Street railway journal (1906) (14757571961).jpg

Identifier: streetrailwayjo271906newy (find matches)
Title: The Street railway journal
Year: 1884 (1880s)
Authors:
Subjects: Street-railroads Electric railroads Transportation
Publisher: New York : McGraw Pub. Co.
Contributing Library: Smithsonian Libraries
Digitizing Sponsor: Smithsonian Libraries

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gards the ratio of net receipts to capital expended, as isseen from Table VII.: TABLE VII.—SHOWING NET PROFIT, IN PER CENT, OF CAPI-TAL EXPENDED ON MAIN RAILWAYS Per Cent Average for five years from i88i to 1885 4.22 Average from 1901 to 1905 3.80 Average for 1902 3.42 Average for 1903 3.4 Average for 1904 3.36 CONDITION OF ENGLISH MAIN-LINE RAILWAYSOwing to-the increase in population and consequent in-crease in the municipal and national expenditure, rates andtaxes are constantly increasing, as will be seen from the factthat in 1904, the rates and taxes per train mile amounted to3.1 pence, as against 2.9 pence in 1895. The total operatingcost per train mile, including maintenance, locomotive power,traffic and general charges, compensation, legal and miscel-laneous, has risen from 33.26 pence per train mile in 1895 to41.27 pence per train mile in 1904. During the same periodthe total receipts from all sources per train mile has practi- 524 STREET RAILWAY JOURNAL. (Vol. XXVIL No. 14.
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April 7, 1906.) STREET RAILWAY JOURNAL. 525 cally remained stationary, having been 49.47 pence per trainmile in 1895 and 49.19 pence in 1904. The chairman of the North London Railway Company, atthe last annual meeting this February, reported a furtherdecrease in receipts from passengers, due mainly to the com-petition of electric tramways and railways, and stated that itwas practically impossible to attempt to meet the competitionuntil the electrification of suburban lines could be carried out. Contrary to this result are the statements made at the meet-ings of the Lancashire & Yorkshire and North Eastern Rail-way companies, where reference is made to the results ob-tained by the electrification of the Liverpool & Southport andNewcastle & Tyneside lines, respectively. The chairman of the Lancashire & Yorkshire RailwayCompany—Sir George Armitage—expressed satisfaction atthe results of the electrification, which has enabled them todo a much greater amount of work and

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