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RTITB to clear its deficit

17th September 1971
Page 31
Page 31, 17th September 1971 — RTITB to clear its deficit
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Which of the following most accurately describes the problem?

• In its annual report published last week, the Road Transport Industry Training Board shows that it has reduced its deficit by £1,+m to £4.8m. The Board hopes to wipe out the remaining deficit by mid-1972, according to the report which covers the mar ended March 31, 1971.

Among the significant events mentioned n the report is the reorganization which ook place in mid-1970, reducing its nine .egions into four divisions each with 21 ireas; the five-year plan for 1971-76 which dm to fulfil specific training targets for :ach of the main occupations in the ndustry; the plans for training unemployed !rivers; the new methods which it has leveloped for progressive testing of craft Ipprentices; and its study of the training

implications following the proposals that have been made to reduce the minimum age for employment as an hgv driver.

The report shows that in the year ended July 31, 1970, 286,000 employees in the industry received grant-worthy training, this figure representing 31.6 per cent of all employees in the industry.

Mr T. E. Tindell, the Board's director-general, commenting on the plans to reduce the deficit said that much less money would be needed for capital projects in the near future than had been the case in earlier years and this would enable more of the levy income to be available for reducing the debt. The high deficit had been caused by the unexpectedly high level of demand for grants in previous years.