LONDON BUS TRAFFIC 19.3% DOWN
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pDASSENGERS carried by London
Transport's buses and coaches last year were 19.3 per cent, fewer than in 1957, and mileage dropped by 15.8 per cent. Trolleybus traffic declined by 20.7 per cent, and mileage by 17.2 per cent. Over the whole of London Transport. traffic fell by 16 per cent, and mileage by 11.5 per cent.
The British Transport Commission's Scottish and provincial bus undertakings recorded an increase of 0.5 per cent. in passengers and 3.8 per cent, in mileage. The Tilling Group raised their traffic by 0.3 per cent, and mileage by 3.4 per cent., and the Scottish Group carried 0.8 per. cent, more passengers and travelled 4.6 per cent, more miles.
Revenue statistics for the first four weeks of this year show that provincial and Scottish bus receipts amount to about £4m.—a slight drop on the figure for the corresponding period of 1958. London Transport's road service revenue declined from £4.3m. in the first four weeks of 1958 to £3.9m. this year.
VIGZOL-MAXIMA MERGER
AN amalgamation of Vigzol Oil Co.. Ltd.. and Maxima Lubricants. Ltd.. is being negotiated. The consideration is one .Vigzol 2s, -ordinary share and 2s. 3d. in cash for every two Maxima Is. ordinary shares.