Plymouth Losing £1,000 a Week
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nETAILS have been given of the 1-of financial plight of Plymouth Transport Department, which has suffered the most difficult year in its history. In the year ended March 31, 1951, a loss of £37,513 was sustained, bringing to £106,550 the aggregate deficit for the years 1949, 1950 and 1951. This debit was met out of reserves built up during the war and in 1946. No profit has been made since 1947.
Reserves are now virtually exhausted and the undertaking is losing at least £1,000 a week. It is expected that the loss in the current financial year will be between £70,000 and £100,000. Unless measures be applied to reduce this deficit, a subsidy involving an extra 1s. or Is. 6d. on the rates may be necessary.
Schemes for 'saving money, which were approved by the council in July, did not receive the sanction of the Licensing Authority until November. Proposals for the revision of fares scales await ratification.