RAILWAY BUSES.

Hutt News, Volume 3, Issue 16, 11 September 1930, Page 12

RAILWAY BUSES.

HUTT VALLEY SERVICES

A loss of £7212 on the Hutt Valley bus service was reduced to £815 last year according to the annual report, of the general manager of railways, Mr H. H. Sterling. The revenue was £85,792, an increase of £10,355 and' the expenditure £86,607 au increase of £3958.

"Tliis has been mainly due to an increase in z-evenue obtained principally through an extension of the services, and there lias also been an improvement in the fleet, thereby reducing maintenance charges," the report states. "There was an increase of £929 in third-party insurance and an increase of £321 in license fees. Having regard to the fact that as in the previous year we wrote the sum

of £3300 off the goodwill that was paid when the buses were taken over from the previous owners, the position must be regarded as satisfactory.

" The fact that we have been/able to improve so much the position gives me coniioience to say thajt during the coming year we should show a profit on account of the working of this service notwithstanding the quota which we still have to write off, the goodwill. During the year 2,845y306 passengers were carried, an increase of 511,655 or 21.90 per cent., as compared with the previous year. The revenue per bus mile. increased from 15.39 d. to 15.663."