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• It has been a hectic 12 months for George

18th June 1987, Page 41
18th June 1987
Page 41
Page 41, 18th June 1987 — • It has been a hectic 12 months for George
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Which of the following most accurately describes the problem?

Neville, the sprightly 73-year-old inventor who over the years has given his name to successive companies in the transport equipment field, all of them based in or around Mansfield. With each new venture George has left behind a thriving business for someone else to develop further.

Last year George acquired a derelict furniture factory in Kirkby-in-Ashfield as a base for his latest venture, Geo. Neville Transport Safety Systems.

There, with a five man one woman team, he produces the now familiar Easysheet system and a range of tipper stability aids.

Determined not to be caught out again by the legal intricacies of A) death duties and B) patent law, George last week made over a large slice of GNTSS to his employees. They will each receive 1500 shares immediately, with a further 25,600 shares held in a newly set-up trust in their collective benefit.

As with the 1982 NFC employee buy-out" it is hoped that the share allocation to Neville's new staff will consolidate interest and enthusiasm in the company's success.

• Here is a quote from the Transport Tribunal's written judgment on Appeal 1986 No X29.

"Where two constructions are possible and one leads to an absurdity which cannot have been the intention of Parliament and the other leads to a sensible meaning the construction that leads to the sensible result is to be preferred." That's enough.

• A man stole a truck in Manhattan last week, unaware that it contained two tigers waiting to appear on a television show. "The guy certainly is in for quite a surprise when he opens up the back", a police spokesman observed.

Tags

Organisations: Transport Tribunal
People: George Neville

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