East Kent Profit Down
Page 11
If you've noticed an error in this article please click here to report it so we can fix it.
A T the 46th annual general meeting of rA the East Kent Road Car Co. Ltd. last week, it was announced by the chairman Mr. R. P. Beddow, that the company's profit for 1962 was £140,500 as compared with £146,500 the previous year.
The profit and loss account shows total receipts at £2,346,000, an increase of 146,000 on the previous year. On the other side of the account, costs and charges, excluding depreciation of fixed assets, leasehold property and .amortization and taxation have increased by £51,000 over the previous year.
Receipts on stage carriage services have been below expectations, said Mr. Beddow. Revenue on town services has increased but on country and rural services it has flagged. Of the 71 country services the company operated in 1962, no less than 48 produced revenue that was below the average cost of operation.
In the year, the company put into service 20 new 72-seat front-entrance double-deck vehicles and 20 single-deck coaches to the new approved dimensions of 36 ft. in length and 8 ft. 21 in. in width and the vehicles proved most satisfactory. Forty of its oldest vehicles were taken out of service for disposal.
DAIMLERS FOR DARLINGTON
DARLINGTON Corporation has accepted the tenders of Transport Vehicles (Daimler) Ltd. for the supply of six double-decker bus chassis, and Charles H. Roe Ltd. for six double-deck bodies. These will be the first Daimler buses to join the Darlington fleet, which is at present entirely based on Guy chassis.
SHEFFIELD TO SPEND £350,000 ON NEW BUSES SHEFFTELD Transport Committee has agreed to spend approximately £350,000 on new buses. It is to invite tenders for 50 double deckers with extra seating capacity to replace vehicles which are 15 years old. Cost will be met, from a El m. reserve fund.
U.LT.P. to Support Exhibitions THE International Union of Public 1 Transport is to support the Light Railways and Regional Motor Transport and the Urban Transport sections of the International Exhibition of Transport, which is to be held in Munich from June to October, 1965.