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NOTTINGHAM FACES 09,700 LOSS

20th January 1950, Page 36
20th January 1950
Page 36
Page 36, 20th January 1950 — NOTTINGHAM FACES 09,700 LOSS
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Which of the following most accurately describes the problem?

rIESPITE a recent increase in trolley1-./ bus fares, Nottingham Transport Department fears an estimated deficit of £59,700 in the year ending March 31.

This forecast was given when the corporation applied to the East Midland Licensing Authority for permission to increase bus fares to a minimum ordinary rate of Vid. for adults and Id. for children on all routes. There were no objections.

The proposed increases would increase receipts by £50,400.