"Scrap Railways and Cut Road Rates " R OAD haulage rates and
4th March 1955, Page 41
4th March 1955
Page 41
Page 41, 4th March 1955
— "Scrap Railways and Cut Road Rates
" R
OAD haulage rates and
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Keywords :
Rail Transport In Northern Ireland, Haulage, Ulster Transport Authority, Business / Finance
bus fares could be cut by at least 10 per cent. if railways in Ulster were abandoned, Mr. W. M. May, M.P., said at Stormont last week.
"I am certainly not prepared to acquiesce in a continuance of these high road fares and freights merely because they are necessary to pay for railway losses, and I know this view is very widely held, and was indeed accepted by the Transport Tribunal," he declared.
Accumulated railway losses until September Fast were £1,732,845, to which Mr. May added £400,000 as the Ulster Transport Authority's share of the losses of the Great Northern Railway and £486,000 to cover interest charges.