London Fares Pegged Until 1966
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ONDON'S bus and tube fares will not he increased this year. Mr. Fraser told MPs this week that at the request of the Government the London Transport Board had agreed to postpone the fare increases planned for this year.
He added that the Government intended to carry out a thorough examination of the conditions under which the Board operated.
Mr. Fraser said that the Board had reported they were finding it increasingly difficult to meet both the duties imposed upon them by Parliameot—to provide an adequate service and to pay their way taking one year with another., The examination of the Board's operating conditions would include the possibility of even more extensive traffic management measures and other measures of restraint of traffic, went on Mr. Fraser.
The Government had given an assur ance that they would find means of ensuring that the Board 'did not have to bear the loss in revenue cased by the postponement of the increase. It was proposed to review the matter again with the Board, with a view to the taking of fresh decisions to be effective not later than the beginning of 1966.