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L.T.E. Granted 3.53 Per Cent... Increase

1st September 1950
Page 29
Page 29, 1st September 1950 — L.T.E. Granted 3.53 Per Cent... Increase
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Which of the following most accurately describes the problem?

judgment on the applica tion of the British Transport Commission to raise road and rail fares in London, the Transport Tribunal has granted an increase of 3.53 per cent. on present gross receipts. As was suggested in the interim report issued by the Tribunal in July, the proposed increases have been reduced by £1.01 L500.

Originally the B.T.C. proposed to raise an additional /3,691,597 a year, and jadgment now settles the estimated additional receipts at /2,680,000. With this increase in income, gross revenue would now amount to some £79 m. The following changes have been made to arrive at this figure:— Proposed revenue from early morning fares has been reduced by /875,000 and cross-boundary fares by /26,000. The retention of the shift-workere concession will cost /63,000. Children's fares receipts will be cut by /49,000 and season-ticket rates by /7,500.

Early morning concession fares • on buses, but not coaches, will be affected in the -following way: The B.T.C. proposed to introduce a fare of 2d. for twoand three-mile journeys, with a 3di fare for those up to 10 miles. This has been replaced by a flat rate of 2d. for distances from two to 10 miles.

The Tribunal decided that shiftworkers' concessions on trams and trolleybuses could not be retained, and would thus apply in future only to railways. A small adjustment in the rule of reckoning fractions of Id. as Id. in bus fares for children was given in the judgment, which also modified the proposed season-ticket scales to obviate uneven progression above 12 miles.

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Locations: London

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