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LT profit directive approved

19th December 1969, Page 18
19th December 1969
Page 18
Page 18, 19th December 1969 — LT profit directive approved
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• The initial directive that London Transport should make a profit of £2m a year to be directed to a reserve fund, under GLC ownership, was approved at a meeting of the Council on Wednesday. The GLC also approved the membership of the executive board, which remains as at present with the addition of Mr. Lawrence W. Robson as a part-time member.

Mr. Robson, whose appointment is for three years, with a salary of £1,000, is a senior partner of Blackburn, Robson Coates and Co.