NEW DIFFICULTIES FOR GLASGOW TRANSPORT UAVING borrowed £l.5in. from the
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corporation loans department io meet its continuing deficits, Glasgow Transport Department last week announced that it was unable to begin repayment of the .loan. It had .been decided to-repay-it at a rate of £150.000 a year out of any Surplus the department could make. It -has been agreed that repayment shall be deferred for one year.
When fares were last increased, it was stated that the repayments had been considered in the resat-naves of expenditure for future years. Since the charges were raised, however, costs have also increased, and it is expected that a further substantial deficit has been incurred again this .year.A year ago the accumulated delicli; -was £2,308,947; it is believed now that the • total toss Will, be bear i3m. when accounts for the .past financial year are
published, , A—special sub-committee of the finance and transport committees is to consider the position and the inability of the department to make sufficient revenue to meet the first instalment of the repayment scheme.