Mr. J. A. Byrne (Parliamentary Secretary to Minister of Transport):
The management of Canadian National Railways advises as follows: The following statement indicates the profit or loss, after allowing for depreciation, which the railway received from the operation of the individual hotels. The amounts listed for the Queen Elizabeth and Hotel Vancouver represent the Canadian National's return from the operations and not the profits or losses of those hotels.
Subtopic: C.N.R. HOTELS OPERATING RESULTS