FEEDING THE SHARKS, Over’a ten-year period (1953-62), London's bus operations made a

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profit of 229.6 millions, At least, this was the figure of surplus of receipts over expenditure including depreaiation for the period, When the ten year period is analysed more closely one sees that there was also an increase in gross revenue during this period of 22%, and an increase of © ‘ expenditure of 13%, This amounted to an increase in net surplus of 755% Allthis being so, where then is the catch ? It lies of course in the ‘ "tributes" that London Tyansport has to pay out of its operating surplus, as follows: Bondholders and Moneylenders: £5,501,200 per’annum, Government Fuel O41 Tax: £4 3500,000, ‘Govérnment License Charges: £1,000,000, Annual Surplus" 'required!; oh 000,000, Put to a different use, "this total of £15,001,200 could result in a £4 per week increase to all drivers and conduct}~ orss putting back the 4d bus fare to 34,3 meet the wages cost of 5,000 extra staff; provide 1,000 extra buses per year, Guith acknowledgements to 'PLATFORM® ) Published by THE WEEK, 54 Park Road, seatea Nottingham, Edited and produced in the main by voluntary Labour, Subscription details on request.