Co-ordination Cuts Luton's Costs
Page 38
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BUIfor the co-ordination scheme with the Eastern National Omnibus Co., Ltd., Luton Corporation transport undertaking would be losing over
£40,000 a year. This statement was made by Court. D. S. Bailey, chairman of Luton Finance Committee, at a recent meeting of the Town Council.
Even so, it was estimated that the transport undertaking would have a debit balance of £40,765 at the end of March. This would increase to £47,225 by the end of the next financial year. The chairman added that unless the undertaking were taken from the corporation, with all the negotiations and estimates of disturbance value which would be entail-d, or unless phase two of the co ordination agreement redressed its financial, balance, the deficit would have to be written off and the rates altered to cope with future losses.
Co-ordination, it was stated, had saved 2d. a mite in operating costs. The scheme was still in its infancy, and any financial benefit from phase "two could not be gauged until figures became available. It might appear that the scheme did not favour Luton. but, anomalies that might exist could be removed by discussion between the two. parties. [An article dealing with
the Luton co-ordina tion scheme appears on pages 256-257 of this issue.)