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£90,000 Loss Next Year for Hull

20th January 1950, Page 36
20th January 1950
Page 36
Page 36, 20th January 1950 — £90,000 Loss Next Year for Hull
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Which of the following most accurately describes the problem?

HULL Transport Committee has been informed that the transport undertaking will probably show a deficit of over £90,000 during the year ending March, 1951. The estimated loss for the current year is expected to exceed £79,895, which would almost exhaust the reserve fund of £89,441 held at the beginning of the year.

Whilst, next year, a slight profit is to be expected from trolleybus working, the motorbuses are expected to show a deficit of £91,000.