Subsidies For Socially Necessary But Unremunerative Railways
Section 39 of the Act introduced the first Government subsidies for railways which were unremunerative for British Rail but deemed socially necessary. Grants could be paid where three conditions were met: (i) the line was unremunerative, (ii) it is desirable for social or economic reasons for the passenger services to continue, and (iii) it is financially unreasonable to expect British Rail to provide those services without a grant.
Read more about this topic: Transport Act 1968
Famous quotes containing the words socially and/or railways:
“It used to be said that, socially speaking, Philadelphia asked who a person is, New York how much is he worth, and Boston what does he know. Nationally it has now become generally recognized that Boston Society has long cared even more than Philadelphia about the first point and has refined the asking of who a person is to the point of demanding to know who he was. Philadelphia asks about a man’s parents; Boston wants to know about his grandparents.”
—Cleveland Amory (b. 1917)
“There is nothing in machinery, there is nothing in embankments and railways and iron bridges and engineering devices to oblige them to be ugly. Ugliness is the measure of imperfection.”
—H.G. (Herbert George)