Note 44 — Chapter IV

The following very seriously meant paragraph is contained in the Postmaster-General’s Fourth Report:—“I think I am safe in stating, as a general fact, that those boards of directors of railway companies which have evinced the greatest readiness to meet the wishes of the Post Office, and to convey mail bags by frequent trains, and at moderate rates, are, at the same time those boards which have been most successful in promoting the interests of their companies, as shown by the market value of their shares!” The company which the writer had specially in view when framing the foregoing paragraph, was the London, Brighton and South Coast. The note of admiration is ours.