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Monopoly critized

8th December 1967, Page 21
8th December 1967
Page 21
Page 21, 8th December 1967 — Monopoly critized
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Which of the following most accurately describes the problem?

HIGHER COSTS, inefficiency and ultimate chaos could be the only results of a Government policy putting the railways in a highly monopolistic position, said Mr. H. R. Featherstone, TRTA national secretary, in Nottingham on Monday. He was speaking at an Industrial Transport Association meeting to which members of the Institute of Transport, RHA and TRTA were invited.

Mr. Featherstone said that any road licence under the quantity licensing arrangement would be revocable at any time at the instance of BR or the NFC. This could happen, for instance, if a grossly uneconomic rate was quoted and later had to be raised. The system could fairly be called flow licensing and was likely to produce extreme inflexibility.