The rise in freights is a fraction—three-eighths of a penny per pound.
The first was on the five eighths widow's pension which has been agreed.
One particular division we visited had five-eighths of its unit away at the time.
The result is that it works out to an average of five-eighths.
Seven-eighths of the increase of £384 million is accounted for by six large items.
Of the remaining half, three-quarters of it—three-eighths of the whole—is concerned with expanding and modernising the plant.
Taking three-eighths of that figure, we arrive at £16½ million of rateable value.
To speak more accurately, only three-eighths of the amount is brought into the account.
