South Wales Services to be Cut ?
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" A GRAVE problem" has been set
the South Wales Transport Co., Lid.; by the Budget proposals. The higher cost of fuel will cost the company £50,000 more per annum.
Mr. R. W. Birch. chairman, gave this information at the . recent annual general Meeting. An immediate reexamination of all services, with a view to pruning, would be made. Previously, a third of the services ran at a loss. The proportion was now half..
Curtailment of services could be only a partial remedy, Mr. Birch said. Fares would have t.) be raised. Higher fares would not divert traffic to the railways, as the extent to which services competed with the railways was small.
The cutting of expenditure on road maintenance endangered the Nation's highway system, he continued. Referring to area schemes, he considered that there was no need for one in South Wales. Swansea ratepayers had the advantage of £107,000 paid by the company each year to the corporation as a share of profits.
In the past 12 months, two circular services had been introduced for the new -Pollan housing estate, inter
a30 availability of return tickets With other operators had been extended, and negotiations were in progress with the Railway Executive for road-rail interavailability between certain points. Continental tours would be run every week from May to September.
It was hoped to complete , the fleetreplacement programme this year. This programme and outlay on new equipment necessitated an addition of £150,000 to the company's capital in ordinary shares of El each.