NEWCASTLE'S BIG BUS PROFITS.
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DURING the year ended March 31, 1938, the motorbuses of Newcastleupon-Tyne Corporation were operated at a profit of £52,707, total revenue having amounted to £224,946 and working expenses to £172,239. After providing £18,653 for loan charges, etc., the net surplus came out at £34,054. During the year the motorbuses covered 4,149,928 miles and carried 29,062,728 passengers.
So far as trolleybuses are concerned, the total revenue was £143,821, and working expenses totalled 283,171, so that the working profit amounted to £60,650. After providing a contribution of £7,517 towards tramways loan charges s and income tax, the net surplus was £49,022. The trolleybuses covered an aggregate mileage of 1,741,284, and carried 25,037,350 passengers in the year.
At the end of March last the bus fleet consisted of 109 vehicles, and the trolleybus fleet 69 vehicles, the former being made up of machines of A.E.C., Daimler and Guy makes, and the latter consisting of A.E.C., Guy and Karrier vehicles.