NOT TO BUY GOSPORT CO.
23rd October 1953, Page 37
23rd October 1953
Page 37
Page 37, 23rd October 1953
— NOT TO BUY GOSPORT CO.
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ON Monday, Gosport Borough Council decided by 23 votes to 12 not to promote a Bill to enable the Gosport and Fareham Omnibus Co. to be purchased, A local Act gives Gosport the right to buy the undertaking either jointly with Fareham or
The borough treasurer estimated the cost of buying the company at £150,000. In addition, about £50,000 would be required to be spent shortly on 10 new buses. Annual loan charges would amount to £20,500, compared with an estimated profit by the company of £21,000.
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