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Leicester Su rplus Down
Page 55
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LEICESTER Corporation buses lost LA over a million passengers during the year ended March 31, 1961. The annual report, however, published this week, states: "It is encouraging to note that the decrease stood at a million passengers at the end of October, 1960, and was held at that figure to the end of the financial year."
The undertaking shows a net surplus of £62,576 after taxation-4:40,000 less' than the surplus for the previous year. This is mainly due tO a £30,000 rise in salaries and wage awards, £1,000 in sick pay and welfare charges and £1.800 to boost pensions and retirement grants.
The report states: "The main factor in what is now an improving position is that we have been able to hold our cheap fares. It is significant that at the hearing of the Midland Red application for fares increase in June, the company said that the last uplift, in August, 1960, had resulted in a loss of 101 million passengers, and that it was expected that the increase then sought would result in a further fall of four per cent. This last figure can be set against our drop during 1960-61 of one and a quarter per cent."
The report adds that there are other significant reasons, outside the successful operation of its services, that make the impact of a cheap fares policy on the passenger load important—one of which is the effect on the city's congested streets.
LEEDS APPLICATION GRANTED
LEEDS Corporation have been granted permission by Yorkshire Traffic Commissioners to increase one quarter of the city's fares by Id. with effect from September 17. The increases will bring in £231,500 in a full year.
COSTS UP £61,000
MR. E. R. L. FITZPAYNE, general manager of the Glasgow Corpbradon Transport Department, has reported that the latest increase of 3d. per gallon on petrol and diesel fuel oil will add £61,375 a year to the department's expenditure.