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Road Services Keep C.LE.-Loss Down

18th September 1964, Page 73
18th September 1964
Page 73
Page 73, 18th September 1964 — Road Services Keep C.LE.-Loss Down
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Which of the following most accurately describes the problem?

A LTHOUGH the net deficit of Coras

Iompair Eireann for 1963-4 Imounted to 11,606,000, this was an mprovement of more than £150,000 on he previous year. The actual Working oss shown in the year's accounts was :536,635, this total being kept down by urpluses in respect of road passenger iperations (£275,708), road freight operaions (£36,864) and hotels and catering £134,872). Road passenger results would ta.ve been better but for the strike of bus meratives in April-May, 1963, the net oss in connection therewith being given s £342,000.

The Pacemaker investigation into the conomics of internal public transport, which was begun in 1962-3, was conluded in the financial year under review. he report on the study analyses the conomics of C.I.E. services and the litemma of public transport in its efforts

o resolve the conflicts between solvency ind service. This document, together with various recommendations, has been ubrnittcd by C.I.E. to the Minister for -ransport and Power for consideration in ormulation of future transport policy,