£1.8m. LOSS BY C.I.E,
11th December 1959, Page 55
11th December 1959
Page 55
Page 55, 11th December 1959
— £1.8m. LOSS BY C.I.E,
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ALOSS of £1,798,917 was incurred in the year ended March 31 last by Caras lompair Eireann, the State transport organization of the Irish Republic. This figure includes provision for sinking fund and depreciation. A net loss of £1,169,000 was incurred by the railways, whose livestock traffic receipts fell sharply, partly because of the growth of private transport, including the extensive development of services from Northern Ireland.
Road haulage returned a profit of £81,484. Road passenger services showed a profit of £743,412. Coach tours and private hire yielded improved results, says C.T.E.'s annual report.
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State transport organization