Rural Areas Neglected Forty-five per cent, of the world's transport
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was already publicly or Stateowned, he said. The real issue was whether the scheme contained in the Bill was workable. Rural districts had never had transport facilities they needed, and only by a unified system would these problems be overcome, said Mr. Barnes.
Travelling in Britain had become disagreeable rather than the pleasure it should he and the Transport Commission must alter this state of affairs. There was no reason why Britain should not have'the most comfortable, speediest and cheapest system of transport in the world, and he expected the Commission to be sufficiently dynamic to grapple with problems of this kind.
He felt that the scheme of compensation adopted was simple, fair and equitable, and avoided difficulties which would have followed any other course. For the four main railways, assuming total compensation on the basis of market price to be £900,000,000. this represented 25 years' purchase on an average net revenue for the three years, 1935 to 1937, or 22i years' purchase of the net revenue under the control agreement.. No arbitrator could find a fairer measure of compensation.