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10% EXTRA INCOME NEEDED

16th August 1957, Page 35
16th August 1957
Page 35
Page 35, 16th August 1957 — 10% EXTRA INCOME NEEDED
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Which of the following most accurately describes the problem?

AN . increase in _income of about 10 per cent, is required this year by West Bridgford Transport Department to balance expenditure. The method of raising the money is being considered by a sub-committee of the undertaking. The reserve fund was last year exhausted,

To the year ended March 31 last the undertaking incurred a loss of £1,571. Total expenditure amounted to £89,911 (28.85d. per vehicle-mile) and income totalled £88.340 (28.35d. per vehiclemile).