PROFITS OUT OF CUTS
7th May 1954, Page 40
7th May 1954
Page 40
Page 40, 7th May 1954
— PROFITS OUT OF CUTS
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Keywords :
Inflation, Business / Finance
" FOR years we have made more 1 profit out of economies than out of increased revenue," said Mr. R. W. Birch, chairman of the Yorkshire Woollen District Transport Co., Ltd., in his report on Wednesday. A revision of timetables had cut unprofitable mileage by 100,000 a year; gross receipts last year were £3,000 higher than in 1952.
He said that the tax on oil fuel was not only discriminatory but inflationary.
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R. W. Birch