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RATE INCREASE STAVED OFF BY MINISTER
1st May 1953, Page 73
1st May 1953
Page 73
Page 73, 1st May 1953
— RATE INCREASE STAVED OFF BY MINISTER
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nISPENSATION granted by the Ministry of Transport to allow the 1670,000 deficit of Birmingham Transport Department to be spread over five years, instead of having In be met by ratepayers, has saved the imposition of a Is. 10d. increase in the city rate.
Cllr. A. L. Gibson, acting chairman of the finance committee, stated that the transport department's reserves were now exhausted. Each Id. in fuel tax cost the department £25,000 a year, so that £500,000 a year more in fuel duty had to be paid annually than in 1946.
"That amount would have enabled us to meet our loan charges on the replacement of trams by buses. That is our problem today," he commented.