Hartlepool incurs small loss
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• During the financial year ended March 31 1971 Hartlepool Corporation Transport made a gross profit of £23,792, but after deduction of loan charges and more than £23,000 capital expenditure this was turned into a nett loss of £3726, which was transferred to the reserve fund.
The estimated deficit for the current yeas is about £67,000 on existing fares, but the transport committee has agreed on the introduction of higher fares to yield about £90,000 annually. The reserve func currently stands at £68,387.
Erection of a new transport depot at Church Street, Hartlepool, is planned by the town council, but building will not commence until 1972-3.
Hartlepool Corporation Transport has since applied to the Northern Traffic Commissioners for permission to increass fares on many services by amounts from to 5p. The proposals are on a thileage basis and fares for shorter trips up to a maximun of 7p would be increased by lp; fares abovs 7p would be subject to larger increases such as the raising of the 9p fare to 12p am the 10p fare to 13p.
Fares on the special late night service: would be increased from 10p to 15p unde the department's proposals.