If, however, the scheme of nationalisation and amalgamation with the Post Office be adopted, there should be no difficulty in providing as part of such scheme for the system and machinery of the New Transport Company already referred to, not only in London but in every other traffic centre. It might also be possible to avoid the expense of acquiring a new site for a “Goods Clearing House” by utilising some portion of the large area occupied by the three large termini and approaches thereto of King’s Cross, St. Pancras and Euston. There will then be no conflicting interests, no multiplicity of companies, and no difficulty in raising the necessary capital for establishing the system, and what is still more important, no difficulty, as will be shown hereafter under the heading of “Finance,” in producing the necessary revenue to repay the capital and interest, by reason of the progressively increasing traffic which will result from the adoption of the small uniform average rates advocated. The following, then, are some of the very substantial economies which will be effected by my scheme:-- =I. Expenditure which would be entirely abolished=:-- (_a_) The Railway Clearing House, the sole object of which is to apportion receipts and payments between the various companies, about 217 in number, and requiring for its work a large and expensive staff, not only of clerks, but also of inspectors at every junction, and a large establishment at Seymour Street, Euston. (_b_) The separate Boards of Directors, officers, and clerical staff of all the separate companies. (_c_) The legal and parliamentary expenses incurred in disputes between the various companies, and in opposing rival companies’ new lines. (_d_) Advertisements by rival companies of their own routes. =II. Expenditure and waste which would be diminished=:-- =1. By reason of unification of systems.= (_a_) Competing receiving offices and their staffs would be reduced to one in each locality. (_b_) Rolling stock, which is now often idle because owned by different companies, could be used solely according to the requirements of the traffic. (_c_) Competing trains now running on different lines at the same time between London and other large towns could be run at different times with largely increased numbers of passengers at same cost. (_d_) Adjoining stations belonging to competing companies would be amalgamated. =2. By reason of the adoption of uniform rates and fares.= (_a_) The abolition of the elaborate book-keeping and staffs needful for the present complicated system of passengers’ fares and goods rates, especially the latter, with the waste not only of expense but also of time.