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Operating Aspects of PASSENGER TRANSPORT
Page 92
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YORK CO-ORDINATION SCHEME MAY COST RATEPAYERS i200,000
Latest Information of the Municipal-Private Deal MIURTHER important news is new .1I2 available of the scheme for merging the transport undertaking of York Corporation with that of the West Yorkshire Road Car Co., Ltd., the new organization to be controlled by a committee of six, with equal representation for the two constituent bodies. The chairman is to be elected by the company and corporation in turn, but he will not be allowed a casting vote.
The special municipal committee which has, for many months, been considering the matter, hopes to complete the deal by the end of the present municipal year. It is believed that the change will cause the ratepayers a loss of nearly £200,000, because the corporation trams, which have a capital value of £150,000, arc to be abandoned, whilst a further expenditure of some £50,000 will be involved in removing the tram tracks and replacing the roads. It is understood that the trolley-buses will also be discarded. No part of the corporation equipment that has been agreed as obsolete will be taken over.
Those of the civic buses that will be required will be absorbed at a valuation decided according to their age and it appears that a levy on the rates will have to be made if it be found that the municipal assets are lower than the company's assets. The question will be reviewed at a meetin'g of the city council to be held on Monday next.
It is stated that the only point upon which the city council, as such, will be consulted concerns the question of extending the system of equal sharing of profits or losses beyond the civic boundary as it exists when the new nridertaking is formed.