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Car Transporter Plans T HE announcement of plans for co-ordinating the

10th September 1965
Page 29
Page 29, 10th September 1965 — Car Transporter Plans T HE announcement of plans for co-ordinating the
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collection, storage and delivery of cars, involving share exchanges between British Road Services and Western Motor Holdings (The Commercial Motor, July 3M has now been followed by a more detailed statement to shareholders of WMH. Under a retrospective arrangement with an effective date of January I. 1965, Distributor Deliveries Ltd. is transferring to FIRS a 49 per cent interest in Autocar and Transporters Ltd. and B. J. Henry 1..td. in exchange for a similar -interest in Furness and Parker Ltd. and the payment to Distributor Deliveries of .£250,000 in cash.

The joint car storage site of 43 acres at Wythall, purchased by Autocar for £225,000 will he paid for by Distributor Deliveries (51 per cent) and BRS.(49 per cent).

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