§ Mr. Dodsworth
asked the Secretary of State for the Environment if he will make a statement on the financial position of the National Bus Company.
§ Mr. Mulley:
The National Bus Company estimates a loss of approximately £15 million in 1974, mainly as a result of rapid increases in costs. I understand that increases in the fares of many of its operating subsidiaries have already been authorised by the appropriate traffic commissioners. The company and my Department are reviewing the company's longer-term prospects.