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Caught in the Ad?

13th December 1980, Page 27
13th December 1980
Page 27
Page 27, 13th December 1980 — Caught in the Ad?
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Which of the following most accurately describes the problem?

VEST YORKSHIRE PTE could be n breach of the 1968 Transport Ict by carrying forward a culnulative deficit of £5.32m.

A report by Robson Rhodes, he PTE's chartered accountants, ittributes the financial crisis to ncreasing costs together with Ieclining passenger levels :aused by the deepening reces.ion.

Ths resulted in the PTE showig a deficit at the year ending /larch 31, 1980, but The Transtort Act, 1968, requires it to take II practicable steps to ensure it 'reeks even.

West Yorkshire has implenented a number of measures, ncluding fares increases, serrice revisions and job reducions, in an attempt to rectify natters in future years.