The Kearney Files
Shoreditch Observer Hackney Express Bethnal Green Chronicle and Finsbury Gazette
To mention but one other direction in which a very considerable economy is effected reference should be made to the wages bill.
Owing to the high speeds attainable two trains on this system will make as many journeys in a given time as five do on an ordinary line. In addition the abolishion of lifts does away with the necessity of liftmen. These two factors will without in any way reducing the rate of motormen and others holding responsible positions on a higher scale than is customary the saving on this head can be estimated at 40 %.
The effect of this reduction in working expenses is to increase the profits of the railway to at least 10 % on the entire capital. Having vindicated the financial position of the proposed railway it is fair to state that it's promotors do not intend that the whole of this 10 % profit be paid to the public in the shape of reduced fares. The Bill which is now being drafted will be presented to Parliament next session and as soon as it is passed the line will certainly be built so that residents of South London instead of having the worst means of communication in the London area will not be the best but also the cheapest.
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