WORLD RECORD SET UP BY GLASGOWTRANSPORT
10th July 1942, Page 20
10th July 1942
Page 20
Page 20, 10th July 1942
— WORLD RECORD SET UP BY GLASGOWTRANSPORT
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FOR the financial year ended May 31, a world record for municipal transport has been achieved by Glasgow. The revenue from the buses, trams, and underground services exceeded £4,000,000, whilst the surplus will probably be at least £200,000. The combined 'services are debt free,. and their valuation is estimated at more than £12,000,000.
There are almost 10,000 municipal .transport' employees, and the 'annual wage bill is £2,250,000. The loan debt of almost £5,000,000 was redeemed last year by the use of the depreciation fund, which had a credit of £5,120,246. The municipal transport has paid more than £4,000,000 in local rates, and £1,333,543 to the Common Good Fund,