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HIGHER FARES FOR LONDON
Page 37
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FROM OUR INDUSTRIAL CORRESPONDENT
WITHIN 48 hours of agreement being VV reached on the new pay and conditions deal for London busmen (The CoIntnerdal Mowr, June 26), the London Transport Board issued two major documents—one on their plans for new and better services (see above), and the other on the price of the agreement in the terms of higher fares. Dealing with fares, the Board announced sweeping increases in ordinary and season ticket rates, aimed at bringing in an extra £5,750,000 revenue in a full year (£2,600,000 in 1964). This represents just under six per cent of the Board's annual fares revenue, and will be used to cover the £5,500,000 cost of the various elements in the new agreement to bring the Board's surplus (£2,100,000 last year) a little nearer to the Government's financial. target of £4,000,000 a year.
Optimistically the Board stated: "We believe that Londoners will think that the measures now being taken are preferable to a continuation of the present irregular services and the long waits at stops which arise from the staff shortage." The statement claimed that fares for more than half the journeys made by London Transport passengers would not be changed. Most of these were the minimum one-mile distance, for which the price rose from 3d. to 4d, last March to meet the cost of last December's interim pay rise. The 4d. a mile rate is now increased for distances up to three miles, and season tickets are put up generally by 7+ per cent, though in the case of the shorter distances the rise is as much as 30 per cent.
Examples of the new fares scales, which come into force on July 19, are: 1+ miles —6d. (no change), two miles-8d. (new fare, 2d. increase), 2+ miles-10d. (1d. increase), 3 miles—Is. (3d. increase) and six miles—Is. 64. (no change).