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U.T.A. Face Deficit— Despite Fares Rise

2nd November 1962
Page 55
Page 55, 2nd November 1962 — U.T.A. Face Deficit— Despite Fares Rise
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Which of the following most accurately describes the problem?

THE Northern Ireland Transport Tribunal, which last week confirmed the U.T.A.'s increased fares and charges, was told by Mr, Cyril Nicholson, Q.C:, that the increases were expected to bring in an additional £280,000 towards estimated increased costs of 1400,000.

This would still leave the Authority with a deficit in the working year of £601,000.

This year the Government had written off:the accumulated debt from, the railways of 110,000,000, and it had been thought this would give the Authority a fresh start. In fact they were left in exactly the same position, faced with an annual railway loss in the order of £600,000.

Both Mr. Nicholson and Mr. Flanagan hinted that further increases in fares might be on the way.


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