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London Country's rise

14th March 1975, Page 20
14th March 1975
Page 20
Page 20, 14th March 1975 — London Country's rise
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Which of the following most accurately describes the problem?

LONDON COUNTRY Bus Services expect to net about £41/2 m from the 25 per cent fares increase just approved by the Traffic Commissioners. The revised fares will come into effect on March 23 to ease LCBS's predicted £5m loss for 1975.

The company's proposals for a built-in trigger mechanism were accepted by the commissioners who decided that LCBS should submit financial statements each time they wished to use it to increase fares.