'Halt decline': Masefield
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(PRESS COACHES will increasingly be operated by the private ctor, London Transport chairman Sir Peter Masefield predicted it week.
He was speaking at the end of e Transport conference in Lonin, and contrasted the rosy tura of coaching with the genally gloomy way ahead for the ban bus.
Sir Peter spoke of the "critical :fad" for a national policy to rescue the urban bus from inevitable decline.
He said that LT was compelled to charge higher than sensible fares, and indicated that the existing 40p fares, which were 20p before last March, ought realistically to be 30p. There must be carefully designed cashlimited subsidies for capital and revenue expenditure, either on the basis of his "El-for-Elmatching of support to revenue earned, or on another figure such as 50p support for every El earned.