ROAD MOTOR SERVICES

Evening Post, Volume CXIV, Issue 85, 7 October 1932, Page 12

ROAD MOTOR SERVICES

A DECREASED LOSS

HUTT VALLEY PASSENGERS

The year's operations on the Kailways road motor services resulted in a Joss of £2951, as compared with a loss of £5842 for the previous year. Details of the loss and fluctuations in. revenue and expenditure are:— 1931-32.' 1930-31. Decrease. ££ ■ £ Revenue 72,740 103,34s 30,«0S Expenditure :... 75,690 109,190 . 33,499 ■ Variation '*£ 2,950 •£5,842 £2,891 : *Loss. . • I The loss is calculated after iuterest has been, debited on the capital invested in the services. EFFECT OF UNEMPLOYMENT. In the Hutt Valley service, a loss of £978 is shown. In the previous year fhere was a profit of £1149. Details are:— . . 1931-32: 1930-31. Decrease. Revenue 55,266 52.203 26^937 Expenditure ..... 56,244 51,504 24,810 Loss £978 — £2,12? Proflt ' — £1,149 — "Passenger journeys totalled 1,850,648, as compared with 2,671,511 in the previous year, a decrease of 820,863 (30.7 per cent.)," states the report. "During the year the Department's revenue on this route suffered as a result of the operations of competitive services, and it was not until January, 1932, that this competition ceased. Another factor which contributed to the decline in passenger journeys was the extent of unemployment in the Hutf and Petone areas. To meet the decline in traffic the various time-tables in operation were reviewed and reductions were made where the traffic was not such as to warrant a more frequent time-table. The bus-mileage was reduced from 1,199,851 in 1931 to 905,340 in the past year, a reduction of 294,511 miles (24 per cent.). As in the case of • the Napier-Hastings service, the board believes that, with the cessation of competition from, taxi-cars, this.service can be made to return satisfactory financial results." • '".'".■..