Albion Production Record Set Up Last Year
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THE iucreased profits recently reported by the directors of Albion Motors, Ltd., indicated satisfactory progress during the past year, and the board's optimistic outlook was expressed in its decision to issue new shares. At the annual meeting, in Glasgow, on April 28, the hopeful impression of the company's position was further strengthened.
Mr. George Pate, chairman and managing director, reported that an u28 expansion in trade generally had brought about an increased demand for transport, and the company's share in the resultant business was responsible for a recoFd in the number of vehicles produced and workers employed. Conditions in overseas markets improved during the year.
" It is, in my view, however, an anachronism that the unladen-weight basis should be the determining factor in the legal speed of a goods vehicle," he remarked. "The condition puts a premium on overstatements of carrying capacity, with inevitable results to life and property. That a fourwheeled goods vehicle cannot legally be termed overloaded until its back-axle weight reached 8 tons is absurd to-day."
Mr. Pate argued that the law ,ought to be modified to ensure that everybne was taxed on equal 'basis, depending on speed-weight-mileage lite of roads.