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As bonds purchased on date t are redeemed on date t + 1, their gross receipts can be given to nonmovers only.
If so, could he tell us what are the total gross receipts he expects to get from these organisations?
As the gross receipts of the railways last year were £457 million, the loss represents a quarter of their gross receipts.
Since it was prepared improvements in wages and working conditions have increased costs, and gross receipts are less than expected.
That deduction was very properly taken off the gross receipts.
Turnover comprises gross receipts including investment and estate income, as well as trading receipts.
It should be taken from the gross receipts less certified programme expenditure.
The gross receipts are of the order of £1 million in that particular field.
The table below gives the increase or decrease in the gross receipts.
On the present arrangements we expect gross receipts of £1·2 million.
The gross receipts now amount to about £200,000, and the liquor receipts are about £35,000.
In order to determine the net profits of a railway, it is essential to ascertain not merely the gross receipts, but also the working expenses.
But gross receipts from dock undertakings differ from dock to dock, not only in amount but in the sources from which they come.
When we compare a dock which provides labour with another which does not, we are not comparing gross receipts on a like basis.
We have never had to consider rating from the point of view of a percentage of gross receipts on any undertaking.
