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TRANSPORT BOARD

Working Loss Greater

A working loss of £4447 for the four weeks up to August 15 reported to the Christchurch Transport Board on Monday was £3830 more than for the corresponding period last year, but £l6l less than estimated.

The deficiency so far this year was £57,492, a decrease of £715 on last year, and £3837 less than estimated, the finance committee said.

Passenger journeys dropped by 30,831, or 2 per cent, and mileage decreased by 3808 miles, mainly because of the reduction of week-end services.

Revenue dropped by £609, but it was £333 more than estimated. Operating expenses increased by £3221, which was £172 above Estimates.

Current standing charges decreased by £2388, while standing charges on old loans were £3OB lower because the loan indebtedness for the old tramway system was extinguished on March 31.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19650915.2.113

Bibliographic details

Press, Volume CIV, Issue 30856, 15 September 1965, Page 13

Word Count
138

TRANSPORT BOARD Press, Volume CIV, Issue 30856, 15 September 1965, Page 13

TRANSPORT BOARD Press, Volume CIV, Issue 30856, 15 September 1965, Page 13