Glasgow Bus Surplus Will be £100,000
Page 38
If you've noticed an error in this article please click here to report it so we can fix it.
BECAUSE of increased costs and a drop
in revenue, Glasgow Transport Department will probably have a surplus of £100,000 at the end of the present financial year, instead of the £237,000 which was previously estimated. This means that no sum will be set aside for depreciation, nor will a full £150,000 payment be made towards reducing the undertaking's temporary loan.
Between June I and November 30. last year. motorbuses showed a profit of £144,300, and the surplus on trolleybuses was £26,600. However, there was a deficit of £145,500 in operating the tramways.
At the end of the last financial year there was an overall surplus of £504,293 (£209,793 net)
MORE COMETS FOR KERALA A FURTHER 80 Leyland Comet buses
are to be delivered to the Kerala State Transport undertaking, to bring the total number of Comets operating in the State up to 140. The new vehicles will be built in India.
In use on short routes, with a quarter of their passenger loads standing, the Comets so far in service have been returning 12-14 m.p.g. Several buses have shown only 0.004 in. bore wear after 180.000 miles, although employed on arduous routes. Oil is changed ever■ 4,000 miles.
BIGGEST M.H. SHOW THIS year's Mechanical Handling Exhibition and Convention at Earls Court. London, from May 7-17 will be the largest ever to be held in the world. It will be international in character for the first time, with over 250 exhibitor; from Britain, America, France, Germany. Italy and Scandinavia. The organizers arc Mechanical Handling.