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Losses Met by Rates: Edinburgh in Serious• Position

3rd October 1952, Page 49
3rd October 1952
Page 49
Page 49, 3rd October 1952 — Losses Met by Rates: Edinburgh in Serious• Position
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Keywords : Business / Finance

DOLANS to augment revenue by I £16,000 a year were put before the Northern Licensing Authority last week by South Shields Corporation. The proposals included the introduction of a 2d. minimum adult single fare, of a 3d. minimum workmen's fare, and id. tickets for schoolchildren in place of the 6d. 20-journey tickets. It was suggested that another application might have to be made before long to find the

additional £9,000 required by the new wage scales.

The undertaking incurred a loss of £10,532 in the year ended March, 1951, which had absorbed the reserve fund. Last year a loss of £14,634 was incurred; this would have to come out of the rates. A loss of £9,000 had been estimated for this year. Decision was reserved, both trolleybus and motorbus fares being concerned in the application presented.

Further moves have been proposed by Edinburgh Corporation to deal with its serious financial position. It is now suggested that a 6d. early morning return fare should replace present return rates. This move would augment revenue by £62,000 a year. The application already before the Licensing Authority is estimated to bring in another £176,220 a year. It is expected that the Scottish Licensing Authority will be asked to consider this proposal together with those already before him.

St. Helens Corporation has been granted new charges which went into operation last Sunday. Facing a deficit of £22,449 this year, the undertaking put forward means for adding £38,510 to the annual revenue. Fares between 2-}d. and 41d. have gone up by id. and thereafter by Id. Workmen's fares have also been increased, as have children's fares, and cheap day-return tickets have been introduced.

Accrington Corporation has also been successful in its approach to the North-Western Licensing Authority, as have Haslingden, Wigan and other corporations and company operators running joint services in that area of Lancashire.

I.o.T. PRESIDENTIAL ADDRESS

THE presidential address to the Insti1 tute of Transport will be given by Mr. C. T. Brunner on October 13 at 66, Portland Place, London, W.1, at 5.45 p.m.

Mr. W. Hughes,, of the Road Haulage Executive, has been awarded a British Transport Commission prize by the council of the Institute for his paper on integration of road and rail goods services, and Mr. G. Dawes, of Ribble Motor Services, Ltd., has secured a prize for second place in the associate membership examination.


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