,.C.V. Park • Royal Share Exchange
Page 9
If you've noticed an error in this article please click here to report it so we can fix it.
N offer has been made by AssoLsiated Commercial Vehicles, Ltd., to wire the issued ordinary stock of rk Royal Vehicles, Ltd., in exchange • ordinary stock of A.C.V. One unit ordinary stock of A.C.V. will, der the terms of an agreement dated ■ ril 19, be issued to holders of ordi:y stock in Park Royal Vehicles, Ltd., o accept the offer, in exchange for
• eight--units of stock of :5s. each
d. by them. •. •
the offer is conditional on its. accept-.7e by holders" of at letist.90-per cent. the issued ordinary -stock of Park yal Vehicles; Ltd.
:n the years -ended September 30, 17 .and 1948, A.C.V..paid dividends • .12i per cent., tax free, on the ordi-y .shares and Park .Royal Vehicles kr 6 per cent., tax free. The average rket price a A.CN, £1 shares, as 3ted on the London Stock Exchange, the six' months ended April 14 last,
s 14s. 3.445d. 'Park Royal 5s.
ires averaged 9s..3.585d. . . Ilse separate identity. of Park Royal hides, Ltd., is to -be preserved, and is proposed That Mr. W. R. Black, present managing director, shall be sointed to the board of A.C.V. use Park Royal directors regard the ir as fair, and consider that the cornation of interests will enable larger intities of completed vehicles to be :red to wider markets, particularly aseas, and wilt reduce overhead ienditure.
associated Commercial Vehicles, I., either wholly owns or controls the Crossley and Matidslay cornties, Four Wheel Drive, Ltd., Hardy .tors,' Ltd., Monaco Engines, Ltd., tish Gear Grinding and ManufacturCo., Ltd,, and Associated Acceptes, Ltd.
41t0 VEHICLES FOR PAKISTAN
[ORE than 500 vehitles are being Isupplied to the Pakistan Army by n Everalls, Ltd., Wolverhampton. ta? are reconditioned lorries, utilities, .er carriers, ambulances and gun :tors. Altogether 115 men are pioyed lan repairs and the contract is lected to he completed.. by the end of
The Order is understood to be tied at about £250.000. The Ministry of Supply is supervising the work and each vehicle is tested on the road by two official examiners, REGISTER OF INDEX MARKS
THE Measham Motor Sales Organization has published a Register of Motor Index Letters and Numbers, By using the alphabetical order of each authority's single and two-letter marks, this useful booklet groups the marks so that fewer pages have to be searched When checking vehicles registered in particular areas.
It also contains a directory of the licensing authorities of the British Isles and Eire. Copies are available at 7s. 6d. each.
MORE TRAMS TO GO PPLICATION is shortly to ho ri made • to the North Western Licensing Authority for the conversion of four more Liverpool Corporation tram routes to bus operation. It is hoped to make the change before ,Whitsun and it is planned to introduce an express bus service on one of the routes for. the first time in Liverpool.
1.12.T.E. ANNUAL DINNER
'THE annual dinner and dance of th:t 1 institute of Road Transport Engineers will be held in the Grand Hall, Connaught Rooms, London, W.C., on October 17, at 6 p.m. for 6.30 p.m. It has been decided to open this annual function to trade 'friends as well as to personal friends of members. The tickets, at 27s. 6d. each, include refreshments during the evening, and are available from the secretary of the institute ;.I74, Palace Chambers, Bridge Street, 'London-,
Woodhead-Gervis . Link Up
'THE Woodhead-Monroe shock I absorber patented by The Monroe Auto Equipment Co., of Michigan, US.A., is being manufactured in Britain by Jonas Woodhead and Sons, Ltd., of Leeds, which claims to be the largest spring manufacturer in the Empire.
The Woodhead concern has now appointed Gervis Components, Ltd., Wakeman Road, London, N.W.10, to
act as sole distributor on this side of its business.
This type of shock absorber will be supplied with the necessary conversion brackets to fit all kinds of vehicle. The device is of the direct, double-acting, telescopic type, and only three models are required to cover the whole requirements of the trade. An appreciated feature is that no maintenance is necessary, and no topping-up, whilst the absorber is dirt and leak proof. Designed for vertical mounting, it allows an angular variation of 45 degrees without toss of performance.
Production in the U.S.A. exceeds 30,000 units per day.
Gervis Components, Ltd:, will meantime continue its usual shock-absorber and suspension-unit service, apart from carrying extensive stocks of all types, of coil suspension spring of Woodhead make.
AIRPORT COACH TOURS
A NX1OUS to interest Britain in flying, the Ministry of Civil Aviation
has arranged for conducted coach tours within Prestwick Airport. This was disclosed in Glasgow, last week, at a sit. ting of the Scottish Licensing Authority, when an application by the Western S.M.T. Co., Ltd., to run tours from Ayr to Prestwick Airport was granted.
The application was stated to be based on a letter from the Ministry of Civil Aviation, which was, it seemed. anxious to attract organized parties of sightseers to the airport. A comprehensive tour of the airfield would be made arid the fare would be Is return.
A.A. . Motor Service, Ltd. Ayr, objeeted dis the ground that an adequate service ran between Ayr and Prest+Alick. BI