AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

n What is the division of interest in the

21st October 1966
Page 81
Page 81, 21st October 1966 — n What is the division of interest in the
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

Transport Holding Company as between road haulage, road passenger operation and other activities, particularly in view of developments which could arise in connection with the setting up of a National Freight Authority as proposed in the White Paper on transport?

AIn terms of book value of shares as at December 31, 1965, the interests of the Transport Holding Company were divided as follows:—road haulage £58m., road passen

ger £98m., shipping £6m., travel and tourism feint, manufacturing f3m., and miscellaneous m. Such figures, however, do not give a true picture as to the proportional profitability of the various sections. Thus of a total of 17.5m. profit earned by THC in 1965, £7m. was contr buted by road haulage compared with £8.5m. profit contributed by the road passenger side.

But when the breakdown of interests is compared in numbers of staff employed the proportion on road haulage (39,000) as compared with road passenger (75,000) is more in step with the book value of shares already given.

Tags


comments powered by Disqus