CENTRAL TRANSPORT RESULTS.
I should find it hard to name any industrial undertaking which gives so complete a survey of the year's working as that which is always contained in the annual report of the London Passenger Transport Board, the Chairman, Lord Ashfield, continuing to display the thoroughness and enthusiasm which has characterised his control for so many years of the Underground Railway system. In the latest annual report there is very much which is of interest to the general public concernLig London's traffic problems, but in these notes I am of course only concerned with the financial aspects of those problems. Interest in the present annual report was quickened from the shareholders' point of view in advance by apprehensions with regard to the effect likely to be pro- duced upon the financial results of the year by the great 'bus strike last May, and when a short time since shareholders and the stock markets were agreeably surprised to find that the dividend on the " C " Stock had been raised to 41 per cent. the annual report was awaited with all the greater interest.
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