Manchester's Municipal Bus-Profit Hopes
Page 28
If you've noticed an error in this article please click here to report it so we can fix it.
'COB the municipal year 1943-4, the 1 transport committee of Manchester Corporation states that the total income of the passenger-transport section is estimated to amount to 43,356,100, an increase of 4245,000 compared with 1942-43. Income from tramways is represented by an increase of £60,500, and that resulting from motorbuses and trolleybuses by increases of ZI64,900 and £22,800 respectively.
A26 '
The expenditure for 1943-44 is estimated at E3,223,700, which is £274,600 more than that for the current financial year. This additional expenditure is largely accounted for by provision for income-tax on profits, together with higher costs of operation, repairs and maintenance, being offset, to some extent, by reduced charges for debt redemption.
The results show an expected loss on tramways account of £119,200 (£5,800 less than for the current year) and profits on motorbuses of £211,500, and on trolleybuses of £40,100. These amounts are transferred to the appropriation account, but, before arriving at the net result, continuing charges in respect of converted routes, amounting to £55,200, have to be deducted. The remaining surplus of L77,200 will be carried to the renewals fund, as against £519,000 estimated for the current year (1942-43).