More Cuts in East Kent Services Coming
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WITH 61 per cent. of their services Vif operated below cost and with expenses rising, the East Kent Road Car Co., Ltd.. would have to make further cuts in rural services. Mr. R. P. Beddow. chairman, told the shareholders on Monday. The alternative to this action was relief from fuel tax, which would enable substantial economies to be made.
He said that, during the year ended September 30 last, revenue dropped by £34,000 and costs rose by £19,000. The proposed dividend on the ordinary stock represented a return of only 5 per cent., whereas Treasury Bills now yielded well over 6 per cent.
Partly as a result of last July's strike, the number of passengers carried declined by 6.3m. (9 pitcent.).
Although it had been necessary to reduce mileage on country routes, the company were continually being asked to provide more vehicles to carry children at uneconomic fires and at limes coincident with normal peaks.
During the year, 25 double-deckers and 28 coaches were replaced.
MORE VEHICLES IN EUROPE
THE number of goods vehicles in Europe rose by 7 per cent. in 1956 and of passenger vehicles by 4 per cent. This is stated in the "Annual Bulletin of Transport Statistics for Europe, 1956." published by the European Office of the United Nations, Geneva, at 7s.
There was a general increase in all kinds of traffic throughout Europe in 1956. Rail goods traffic rose by some 10 per cent. and passenger traffic by about 3 per cent. Goods traffic by inland waterway was about 5 per cent. higher.
COMPANY FINED £80
LINES totalling £80 were imposed on I John Stewart (Larbert), Ltd., at Falkirk Sheriff Court last week. The concern pleaded guilty to using a lorry to carry goods for hire or reward without a proper licence, failing to keep current records and allowing drivers to work for over 5+ hours continuously.
It was stated that a genuine mistake had been made. The company had never been in trouble previously.