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" Pool Receipts Plan Criticized

10th June 1949, Page 8
10th June 1949
Page 8
Page 8, 10th June 1949 — " Pool Receipts Plan Criticized
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Keywords : Commerce, Receipt, Pooling

" THE country in its present plight .1 can neither afford to be denied the best that road transport can provide, nor to 'support, directly or indirectly, those parts of the railway system that are obsolete, second best, or insufficiently wanted to be anything but a financial drain."

This opinion is expressed by Mr. Gilbert J. Ponsonby, of the London School of Economics and Political Science, in a letter to "The Times" for June 6. His remarks were prompted by the reported plan of the Minister of Transport to pool receipts of the road and railway services.

Mr. Ponsonby expresses doubts as to the wisdom of a policy which implies the acquisition and exploitation by the British Transport Commission of road transport on a scale sufficient to Solve the difficulties of the railways.

In the short run and in respect of certain specific financial commitments, writes Mr. Ponsonby, some measure of pooling of receipts can be well understood. As a permanency, he comments, it amounts to withholding levels of charges and standards of service so capably supplied by road transport.