LEYLAND NEEDS EXTRA CAPITAL FOR EXPANSION
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AT an extraordinary general meeting on November 25, shareholders of Leyland Motors, Ltd„ will be asked to sanction an increase in the company's authorized ordinary capital from £900,000 to £1,350,000. It is proposed to issue 450,000 ordinary shares of. El each at a price of £4 5s. per share.
The increased capital is required to meet the cost of a big development scheme, which includes the replacement of plant and stock, the purchase of additional land, provision of a large new factory. building, development of service facilities at home and abroad, and the financing of an expanding export trade.
During the war, Leyland Motors, Ltd., built up a business at Leeds to make high-quality castings for the Ministry of Aircraft Production. The company has now acquired that undertaking and has registered West Yorkshire Foundries, Ltd.,. to carry on the business.
INSTITUTE OF TRANSPORT SCHOLARSHIPS AND GRANTS THE Council of the Institute of Trans'. port invites applications from members for the award in 1947 of the Silver Jubilee Scholarship of a value not exceeding £150. Consideration will normally be given only to applications which involve an aggregate of at least three months' absence in periods of not less than one month each from the candidate's employment. The purpose of the Scholarship is to assist the winner to meet expenses incurred in travel to study transport, or specific projects of transport research, or full-time education at an approved educational institution. Candidates must have passed the graduateship examination, but preference is likely to he given to one who has been accepted for associate membership and who is not over 30. Forms are obtainable from the Secretary, 15, Savoy Street, London, W.C.2, and must be deposited not later than April 30 next. , The Council also invites, without restriction of age, nationality or sex, applications for the award in August, 1947, of up to five Henry Spurrier Memorial Scholarships, of a total value not exceeding £1,250, and at least five Henry Spurrier Memorial Grants not exceeding £20 each. Forms must be deposited not later than May 31 next.
DR. WEST TO LECTURE TO LONDON I.R.T.E.
AMEETING of the Institute of Road Transport Engineers will be held at 6 p.m., at the Royal Society of Arts, John Adam Street, Adelphi, W.C.2, on November 14, when Dr. E. G. West will give a lecture, accompanied by lantern slides, dealing with aluminium as it concerns the road transport engineer.
LONDON FARES TO BE RAISED CARES of London Transport are to be of in January, 1947, as follow:—On road and rail services the existing lid. fare will be retained and the 2d, fare raised to 21d. On the road services all fares over 2d. will be increased by Id.
On the rail seruices fares of 3d. and 4d, will be increased by Id, Fares over 4d., which have been increased during the war, will remain as at present. Additional revenue needed in 1947 is £5,250,000. GOVERNMENT ENCOURAGING RATE-CUTTING?
THE road transport section of Liver1 pool Chamber of Commerce has been discussing the question of haLlage rates for Government traffic. It was alleged that some Government Departments were offering work direct to hauliers at a cheap rate, whereas it was understood to be the policy of the Ministry of Transport that all traffic should pass through area offices.
The reply was that the blame rested not so much with the Government Departments concerned, as with the hauliers who accepted work direct from such Departments ata low price, rather than through the area office.
150 DRIVING EXAMINERS WANTED
THERE are 150 posts as driving and traffic examiners which have to be filled, and the Ministry of Transport is issuing advertisements inviting applications. Candidates must be between the ages of 30 and 41 and have an unblemished 10-year record of driving.
In the London area salaries are £275, rising by annual increments of £12 to £350, for men, and £235, rising yearly by £10 to £280, for women. There is also a consolidated addition of £78 per annum for men and £63 for women. Salary scales vary outside London.
Application forms and details can be obtained from the Principal Establishment Officer, Ministry of Transport, Berkeley Square House, London, W.1, or for overseas candidates from the Chief Officer of the Civil Service Commission at the appropriate addresses in India, Italy, Egypt and Germany. Applications from the U.K. should be received by November 30, and those from overseas candidates will be accepted up to January 31, 1947.
The final selection of-candidates will be made by a board constituted by the Ministry of Transport and the Civil Service Commissioners. •