7 FEBRUARY 1947, Page 17

THE TRANSPORT BILL

SIR,—We are told that the nationalisation of British railways will result in greater efficiency in their working. That suggests that the present earnings will be maintained. In that event the money earned would suffice for the maintenance of existing dividends. It suggests more, viz., that there will be a net increase of the profits on the working of our railways. In that case there will also be money available for increasing the wag.es of such employees as are underpaid at present. I may add that I am not opposed to the principle of nationalisation, nor to the general provisions of the Transport Bill, and that I have no private holdings in any British railway stocks.—Yours faithfully, The Athenaeum, Pall Mall, S.W.1 J. T. BARKING.