LONDON’S TRAFFIC COMBINE
Every day 1,194,720 passengers travel by the trains and 4,603,784 by the omnibuses owned by London’s underground group, or a total of 345,2i7 per day more, than a year ago. Altogether last year the trains and omnibuses carried 1,959,894,236 passengers, an increase of 116,683,299. For every passenger on the railways four went by omnibus. These figures give some idea of the immense and growing problem involved in London’s traffic.
The efficient and profitable manner in which it is dealt with is shown in the annual accounts for 1930 now available. 1 lie live companies sharing in the common pool had a gross revenue of £16,876,674. After dividends and interest on prior charges, rentals and reserves had been provided for, there was a balance for the common fund of £1,156,537, or, with Hie amount brought forward, £1,640,323, an increase of £29,39j on the previous year. The amount distributed was £1,156,018, an increase of £BB7I. Of this totaL £989,013 went <o tbe holding company, Underground Electric Railways.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17437, 8 April 1931, Page 12
Word Count
168LONDON’S TRAFFIC COMBINE Poverty Bay Herald, Volume LV, Issue 17437, 8 April 1931, Page 12
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