LONDON TRAFFIC MERGER
POOL I NO, OF. RECEIPTS
ARRANGED
(British Official Wireiess.)
RUGBY, May 12
All: main line- British railways-'-have reached an agreement with the Ministry of Transport to pool the gross receipts of their suburban passenger traffic and bring them into a scheme to merge all passenger transport within the London traffic area. This decision was announced to-day when a Select Committee of both Houses of Parliament considered the London Passenger Transport Bill, under which a London Transport Board would be established controlling underground railways, .tubes and trams. Agreement bad already been reached with the underground group. The Board’s receipts are estimated to be £37,000,000 a year.
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Hokitika Guardian, 15 May 1931, Page 3
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108LONDON TRAFFIC MERGER Hokitika Guardian, 15 May 1931, Page 3
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