FINANCIAL NOTES
(Continued from page 342.)
GREAT WESTERN RAILWAY PROSPECTS.
Viscount Home, the chairman of the Great Western Railway, gave the stockholders at Wednesday's meeting a cheerful view of the outlook which will lose none of its force from the fact that he allowed full weight to the disadvantages of higher wages, higher coal prices and industrial recession. He anticipates considerable additional traffic this year to and from South Wales on account of the new factories which are being built there-among them the Richard Thomas works. Even if those anticipations should not be realised, he anticipates that the increase in freight charges should cover the additional cost of wages and materials. He therefore sees no reason why 1938 should not be as good as 1937.
J. D. M.
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