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Perkins Goes to the Public

27th July 1951, Page 38
27th July 1951
Page 38
Page 38, 27th July 1951 — Perkins Goes to the Public
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Which of the following most accurately describes the problem?

A N offer to the public of £l m. of

44 per cent. debenture stock was due to be opened yesterday on behalf of F. Perkihs. Ltd. Institutional investors are being offered £1,528,732 of 10s. ordinary shares. It is stated that proceeds from the debenture sale will be used to repay the Finance Corporation for Industry and that the ordinaryshare issue will finance extensions at the Peterborough factory.

WARNING AGAINST TOUTING

FOLLOWING complaints from seaside resorts, the South-eastern Licensing Authority has warned coach operators against soliciting custom. "Once you allow touting," he said last week, "you are allowing the thin edge of the wedge, and the next stage might be that rival operators would resort to more active measures to take clients to their coaches."

SUMMER SCHOOL VACANCIES

AFEW vacancie% still exist for

courses at the Institute of the Motor Industry's annual summer school at St. Catharine's College, Cambridge, from August 25-September 1. Enrolments can be made through the I.M.I. secretary at 40, Queen's Gate, London, S.W.7. The fee is £10 10s. to members and Ell Ils. to non-members.

I.R.T.E. VISITS RAEMBERS of the Institute of Road IVI Transport Engineers are to visit I.C.I. (Paints Division), Slough, on August 16, and Vauxhall Motors, Ltd., Luton, on August 28. The annual general meeting will be held on October 3, at Central Hall, London, S.W.1, at 6.30 p.m.

RISE IN REGISTRATIONS

AT 13,204, the total of new-vehicle registrations for May, excluding cars and motorcycles, showed an increase of 801 over the figure for April. The biggest single increase was in "other goods," which rose from 6,690 to 7,372. The complete figures are given in the table below.