LONDON TRANSPORT.
At the meeting of the Underground group, Lord Ashfield once more made a very forceful statement of the great services rendered by the group in the matter of passenger transit in the Metropolis and the very meagre financial results accruing therefrom to the shareholders. He showed that out of a gross income of -over £14,000,000 there remained a balance of only £825,000 available for dividends on a total Ordinary capital -of nearly £20,000,000. In particular, he referred to the strong .desire of his group, together with other transport under- takings, to devise some machinery, with the aid of the Ministry of Transport, for co-ordinated policy of traffic regulation. He urged that it should be possible to devise machinery so as to permit such facilities being arranged giving an adequate,
convenient and cheap service, but also with something like adequate guarantees to shareholders that there should be a reasonable return upon the capital_ employed.
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