WORRYING YEAR FOR OPERATORS
5th October 1951, Page 31
5th October 1951
Page 31
Page 31, 5th October 1951
— WORRYING YEAR FOR OPERATORS
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Keywords :
Business / Finance
SPEAKING at an informal luncheon to the Press, given last Friday by the Institute of Transport, Mr. J. S. Wills, the retiring president, said that the past year had been very worrying for passenger transport operators.
They could not pass on to passengers all increases in costs, because these could not be made retrospective. In that connection, retrospective wage increases were unfair. He acknowledged that the procedure to be followed by the British Transport Commission in raising its charges was even more complicated than that prescribed for private undertakings.
Mr. A, B. B. Valentine, a member of the London Transport Executive. became president last Monday.