T.H.C. HALF-SHARE IN NEW ULSTER COMPANY?
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FINAL details are now being worked out in Belfast for the formation of a big new company which, it is understood, will take over the bulk of the freight services operated by the Ulster Transport Authority. It is expected that the new company will be jointly owned by local interests and by the Transport Holding Company in London, each having 50 per cent of the shares; it will take over the transport by road of freight from discontinued rail services. The title chosen for the big new freight company may, it is said, be Northern Ireland Carriers.
A second company is expected to be formed for the operation of a large part of the U.T.A.'s road passenger transport. This would leave the remainder of the present U.T.A. traffic to such organizations or individuals as might be interested in carrying it.