For the record these are the figures from British Waterways 2011/12 Accounts, which shows that they get most of their income from property, selling water to water companies {ever wondered why the canals are low on water?} and mooring, Not surprisingly C&RT senior managers see their priority as landlords - nothing to do with boating.
Group commercial income summary £m BW Group England & Wales Scotland 2011/12 Property rentals, wayleaves and premiums 38.2 Utility income and water sales 24.4 Boat licence income 17.8 BWML total income 6.9 BW moorings 6.4 BW retail sales 2.9 Maintenance and other income 11.6 Group commercial income 108.2 {total)