...so that carriers as a whole * * * will * * * earn an aggregate annual net * * * income equal * * * to a fair return upon the aggregate value of the railway property of such carriers." The effect of this provision is that if certain carriers do not have sufficient traffic to earn a full...

...territories established by us, under honest and efficient management, will earn, as nearly as may be, a fair return upon the aggregate value of the railway property of such carriers devoted to the public use. Following this enactment we instituted- a . proceeding, Increased Rates,...

...management and reasonable expenditures for maintenance of way, structures and equipment, earn an aggregate annual net railway operating income equal, as nearly as may be, to a fan- return upon the aggregate value of the railway property of such carriers held for and used in...

...and reasonable expenditures for maintenance of way, structures, and equipment,' to earn an aggregate annual net railway operating income equal, as nearly as may be, to 5Vi per cent, upon the aggregate value of the railway property of such carriers in that group, plus...

...and reasonable expenditures for maintenance of way, structures, and equipment," to earn an aggregate annual net railway operating income equal, as nearly as may be, to 5£ per cent upon the aggregate value of the railway property of such carriers in that group, plus...

...commerce act, to increase their fre'ght revenues to a basis that will enable them to earn an aggregate annual net railway operating income equal, as nearly as may be, to 6 per cent upon the aggregate value of the railway property of such carriers held for and used in the...

...management and rensoniible expenditure * * * earn an aggregate * * * income, equal ns nearly as m<iy lie to a fair return upon the aggregate value of the railway property * * *. It must be apparent that in the operation 01 a railroad, with its many ramifications, there...

...language you would have to compute it. Commissioner CLARK. The language of paragraph 2 of section 15a is "upon the aggregate value of the railway property of such carriers held or used in the service of transportation." Senator STANLEY. Yes. Now then, these various properties,...

...management and reasonable expenditures for maintenance of way, structures and equipment, earn an aggregate annual net railway operating income equal, as nearly...for and used in the service of transportation." This rate of annual return we have fixed at 5.75 per cent, a rate of return which certain of the respondents...

...management and reasonable expenditures for maintenance of way, structures, and equipment, earn an aggregate annual net railway operating income equal, as nearly...of such carriers held for and used in the service of transportation." And the term, ''net railway operating income" is defined — section 15a (1) —...