East Anglian Co-operation.
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At a meeting of the shareholders of the Eastern Counties Road Car Co., Ltd., approval was given to the scheme for a new company to be formed to take over the operations of that concern, the Ortona Motor Co., Ltd., the Peterborough Electric Traction Co., Ltd., and the undertakings in Norfolk and Suffolk of United Automobile Services, Ltd.
The proposed arrangement is expected to reduce expenses and to enable operation to be undertaken on a wider scale. The new concern would have a capital of 700,000 shares of £1 each, £669,062 fully paid-up shares representing the consideration of the four companies. The scheme is conditional upon receipt of approval by shareholders in the other concerns and sanction by the Chancery Division of the High Court, Successful Year for Warrington Buses.
Last year Warrington Corporation's buses ran at a profit of £6,822, as against £6,895 in 1929-30. The total income was £26,713, as contrasted with £24,404 a year earlier, whilst expenditure amounted to £19,133, as against £16,482 in the previous 12 months.
Receipts from passengers have increased by 12,442. Last year 5,811,294 passengers were carried (5,235,511 in 1929-30). and 830,412 bits-miles were run (298,083 in the previous year).
The receipts per bus-mile for last year and 1929-30 were 19.302d. and 19.432d.
respectively. On a bus-mile basis the working expenses last year were 13.897d., the total charges being 14.811d. The comparable figures for the previous year are 13.270d. and 14.097d. respectively.
In March last the corporation owned 16 buses, these being of Leyland and A.E.C. make, sealing from 65 to 22 passengers.
Receiver for Bean Cars, Ltd.
Sir William Henry Peat has been appointed interim manager and receiver of Bean Cars, Ltd. The application was made by Hadfields, Ltd., which company had lent about £340,000 to enable Bean Cars, Ltd., to carry on business. An application to borrow £10,000 was directed to be made in Chambers.
Increasing Bus Mileage at Reading.
During the year ended March 31st, 1931, the municipal buses at Reading carried 6,195,277 passengers, an increase of 1,023,389 as compared with the pre
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vieus year. The mile run increased by over 100,000 to 968,382, whilst the working expenses—excluding depreciation— fell by 1.18d, to 11.04th per bus-mile. It is expected that expenditure will show a tendency to increase because of the effect of the Road Traffic Act and to other causes.
A New By-pass in Lincolnshire.
The new by-pass on the main thoroughfare between Grantham and Nottingham, which has been under construction for 18 months and is 1k mile long, has now been opened for traffic. It has cost about 130,000, towards which the Ministry of Transport made a grant of 75 per cent.
Liquidation of the Rapson Tyre Co.
The Official Receiver has been left in charge of the liquidation of the Rapson Tyre and Jack Co., Ltd. There are, according to a draft statement. sin secured liabilities of 127,380, and debenture claims amount to £209,517; these entirely absorb the assets, consisting of the royalty agreement with the North British Rubber Co., Ltd.
An Important New Bus Link.
The Leeds and Newcastle Omnibus Co., Ltd., of Northallerton, North Yorkshire, is extending its facilities for passengers from the dales of Yorkshire and the garrison town of Catterick Camp. Last year the L.N.O.C. put into operation a service from Catterick to Northallerton, linking up the Camp with the company's existing express services between Leeds and Newcastle, and Northallerton and Middlesbrough.
Still further to lower the journey time from the Catterick area and the dales, the L.N.O.C. is proposing to start a new service from Ripon to Catterick Camp and Richmond, running through in the summer to Barnard Castle. Connections will he made at Ripon with the company's Leeds coaches, and vehicles will run twice daily in each direction. In the year ended March 81st last West Bridgford Urban District Council made a net profit of 12,3110 on its bus system, as compared with £1,800 in the .previous year.
It is expected that a contract to the value of 13,000,000 will be placed during the next few weeks in respect of the new tunnel under the Thames, joining Dartford and Purfieet.
In connection with the proposed reconstruction and widening of Chelsea Bridge, the improvements committee of the London County Council now recommends that the new bridge shall be of the steel suspension type, 98 ft. wide.
In order to relieve traffic congestion in New Bond Street and Old Bond Street, the London County Council has decided to contribute towards a scheme put forward by Westminster 'City Council for continuing Savile Row to Conduit Street, thus providing an additional thoroughfare for traffic.