Sales of Assets Solvent: 15 per
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PPLY1NG to the North-western IA Licensing Authority for a 15-percent. increase in fares, the second application in a year, Mid-Wales Motorways, Ltd., Newtown, Montgomery, expected revenue to go up by £6,000 a year if the new charges were granted. The concern had been able to keep going, it was stated, during these critical times, only by realizing surplus assets.
Decision was reserved until later this month. The Licensing Authority declared that an increase was "obviously necessary," but its extent would have to be considered. The application proposed variations on all fares above 2-id.
Costs Is. 8d. a Mile Operating costs were stated now to be Is. 8d. per mile, and the company thought that it should have a revenue of Is. 10d_ per mile. The isolated character of the county in which the company operated was stressed; the population was 43,000, and there were only four small towns in the area.
To bring charges into line with those levied in the Western Traffic Area, the South-eastern Licensing Authority has now granted Wilts and Dorset Motor Services, Ltd., a revised scale of fares. Except on certain town services, all fares up to 6d. go up by id., season tickets are replaced by weekly ones, and ordinary and workmen's return fares below Is. 6d. are abolished.
Application is to be made by Exeter Corporation for revised rates. A toss of E22,000 may be incurred on current charges in the next year. All fares will be revised if the application succeeds. Many lid. fares would become 2d., but, generally, single fares will be organized on a sliding scale, increasing values up to 2id. and reducing them over 3d. Day returns will be abolished.
Fixed Fares at Manchester Experiments with a fixed-fare system are being made by Manchester Corporation on selected routes. Certain express services from the city centre to the suburbs have been operated this way for some time, and now the system is to be tried out on short-distance routes. A report on the tests is to be presented to the transport committee in a few months' time. At present the average stanriard fare is 21d. New proposals, involving additions of id. to the 2d. and 3d, single fares, and the raising of the respective return fares to 3id. and 41d., are being considered by Coventry Corporation. The 3d. universal fare plan has been shelved.
Fares modifications proposed by the Gateshead and District Omnibus Co., Ltd., are to be considered by a subcommittee of the corporation finance committee. The company suggests the replacement of the existing minimum adult fare of Id. by a lid. one, the introduction of higher charges for workmen and the issue of books of tickets instead of early-morning workmen's tickets.