Free Enterprise Created Canadian Transport
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PRIVATE enterprise established the Canadian Pacific Railway Co. after the British Government had declined to assist and the Canadian Government had been unable to launch the project as a State enterprise, Mr. N. R. Crump, president of the company, told the anniversary luncheon of the Institute of Transport in London on Tuesday. The company was the only large railway system in the world, outside the United States, remaining under private enterprise.
Ahnosz 66 per cent. of the control of the company, measured in voting stock, rested in Britain and other Commonwealth countries. Britain held some 47 per cent, of the voting stock.
• Private cars had become the company's principal competitors in the passenger business, but road haulage was also altering the freight pattern. A new development was the piggy-back system of carrying goods vehicles on rail wagons. The company owned or controlled lorries operating over almost 10,000 route-miles, extending from coast to coast. The co-ordination of rail and road to give the most efficient results was being studied. • "We do not seek•to restore monopoly . conditions," Mr. Crump said, The company asked only that competition should be fair.
NEW ROAD DEMANDED THE omission of a Sheffield-Leeds highway in the national roads programme was criticized, last week, by the Yorkshire Council of the National Union of Manufacturers. They said the amount of traffic running between the two cities gave high priority to a new road.