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SUNDERLAND'S REVENUE DOWN

9th February 1951, Page 35
9th February 1951
Page 35
Page 35, 9th February 1951 — SUNDERLAND'S REVENUE DOWN
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Which of the following most accurately describes the problem?

FACED with falling revenue and the highest expenditure in 50 years, Sunderland Transport Department will make an estimated trading surplus of £19,730 by the end of the present financial year, compared with an actual surplus of £56,050 last year. Only £1,461 is expected to be available for transfer to the reserve and renewals fund, compared with £37,205 last year.

Total estimated revenue during the present financial year will be £563,460 (£264,676 from the trams and £298.784 from the buses). Tram receipts are expected to be £33,000 lower than last year, but bus revenue will rise by about £29,000,