0 money from sales, before costs and taxes are taken away: --
1 the profits from particular sales before any costs or taxes have been paid: --
We have never had to consider rating from the point of view of a percentage of gross receipts on any undertaking.
When we compare a dock which provides labour with another which does not, we are not comparing gross receipts on a like basis.
But gross receipts from dock undertakings differ from dock to dock, not only in amount but in the sources from which they come.
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.
The gross receipts now amount to about £200,000, and the liquor receipts are about £35,000.
On the present arrangements we expect gross receipts of £1·2 million.
The table below gives the increase or decrease in the gross receipts.
The gross receipts are of the order of £1 million in that particular field.
