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MIDDLESBROUGH RE-OPENS NEGOTIATIONS WITH THE L.N.E.R.
Page 115
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The Railway Company's Offer to Take Over the Local Passenger-transport System to be Reconsidered ATits last meeting Middlesbrough Town Council decided to re-open negotiations with the London and North Eastern Railway Co. on the proposals advanced recently by that company for taking over the local municipal transport system, thereby revoking the tramways committee's recommendation that the company's offer be accepted.
The railway company's offer, it is understood, is that the United Automobile Services, Ltd., should take over all transport services within the borough, and that they would take over, during the period of the corporation's loans, one-half of the amount required annually to meet the loan charges. Further, during that period they would hand over to the corporation sums received by them above 1s. 2d. per vehicle mile, to enable the corporation to meet the remaining half of the loan charges, but the amount the corporation would receive would be limited to the amount required to meet those charges. The company also indicates its willingness to share Middlesbrough traffic on longdistance services on a similar basis. On the completion of repayment of the corporation's loans the payments to the corporation would cease.
In a later communication Mr. Thomas Hornby, divisional general manager of the railway company, stated that he understood that the trams in Middlesbrough had earned only 1s. 3d. per car-mile in the past six months, and that bus revenue averaged only 10d. per mile, a combined average of 1s. Oid. per mile. By the substitution of buses and the retention by the United company of a practical monopoly within the borough, he did not see any reason why under normal conditions the figure should not be increased to is. 4d. a mile. Assuming, however, that the estimate of is. 44. per mile was not realized, he was prepared, in order to help the corporation, to agree that any deficit in respect to the corporation's half-share of the interest and redemption charges in any one year might be carried to the succeeding years.