Leicester profit repeated
Page 18
If you've noticed an error in this article please click here to report it so we can fix it.
• Leicester City Transport this week announced a trading surplus of £145,524 for the year ended March 31. During the past four years the undertaking has made a trading surplus worth £706,329.
A meeting of the city's transport committee recommended that £90,000 of the surplus should be transferred to the bus renewal fund; £28,000 had already been spent on the new Rutland Street operating centre which opened in March, 1969. The rest of the surplus will be used to finance various capital projects with the exception of £2500 which is being transferred to the reserve.
During the year, the undertaking carried almost 71m passengers which represents a loss of about 2.5 per cent on the previous year. Although few undertakings have published their 1969/70 results so far, the transport committee's chairman, Aid Terence Harris, said this week that he expected Leicester's loss to be about half the national average.