NEWS IN BRIEF
Page 13
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Coventry Reduce Deficit: Net income of the City of Coventry Transport Undertaking for the year ended March 31 last was £23,552 (£31.3.17 in the previous year). This reduced the deficiency carried forward to .£23,014. Revenue from passengers at £1,939,467 was £67,005 more than in 1962.
Maidstone Results: Net surplus of the Maidstone Borough Transport Undertaking's motorbus and trolleybus services for the year ended March 31 last was £22864 (£21,538 in 1962). The number of passengers carried was 13.857,058 (14,275,408) and route miles covered 1,390,557 (1,385,992). Passenger service fleet at March 31 comprised 29 motorbuses and 23 trolleybuses.
Middlesbrough Profits Down: A net surplus of £108 (compared with £13,912 previously) was made by the Middlesbrough transport department's motorbuses in the year ended March 31 last, rising costs accounting for the drop. Traffic revenue increased by £4,934, which reflected a small increased mileage run during the year. Net assets at March 31 were valued at £828,854 and £70,000 is expected to be needed in the next few years for renewal of buses and extensions to the depot.
Sheffield Closure: At the end of July the last motor bus ran into service from Sheffield's Bramall Lane garage, one of the earliest garages operated by the city transport department. Formerly known as the Olympia skating rink, the premises were purchased in 1926 and have now been closed down as an economy measure.
Good Year for Wolverhampton: Net surplus of the Wolverhampton Corporation Transport Undertaking for the year ended March 31 last was £43,697. The combined fleet of motor and trolleybuses covered 10,791,415 route miles in the year, a fractional increase over 1962. Gross revenue from services was £1,838,277, compared with £1,796,167 in the previous year. At March 31 the Corporation had a combined fleet of 306 double-decker and four single-decker buses.