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E.Y.M.S. Not Paying Interim Dividend

10th July 1953, Page 30
10th July 1953
Page 30
Page 30, 10th July 1953 — E.Y.M.S. Not Paying Interim Dividend
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Keywords : Business / Finance

A STATEMENT by East Yorkshire ti Motor Services, Ltd., announcing that no interim dividend will be paid this year, blames the additional tax on fuel and increased labour costs for the company's financial position.

An application for increased fares made in November last was graded only in part, and did not become effective until March 1 this year.

The Yorkshire Licensing Authority thought there was a number of anomalies in the structure of the company's fare tables and suggested that these be recast and a further application lodged.

East Yorkshire's new proposal, which is awaiting hearing, is that where return fares are at present in operation a uniform rate of approximately If times the new single fare be introduced, and that monthly contract-ticket rates on most services be increased by a ninth.

Stockton-on-Tees Corporation have applied for permission to alter the conditions of issue of workers' fares on 12 services. The chief modification desired is that workers' return fares be made available at twice the existing workers' single fare between stages where at present only a single fare exists.

VEHICLES WANTED FOR DESERT TENDERS are invited by the 1 Direccion General de MarrueCos y Colonias, in Madrid, for the supply of a number of commercial vehicles for permanent use in the desert.

Requirements are: 14 jeeps of various capacities, four trucks, four 4,0005,000-litre tankers, two station wagons and an ambulance. Good ground clearance, four-wheel drive, a large number of gear ratios, and efficient filters are among the minimum requirements which must be incorporated in the vehicles.

OIL ENGINES FOR REMOVERS?

riA FOUR-MAN committee has been appointed by the National Association of Furniture Warehousemen and Removers to investigate the possible advantages to their members of using oil-engined vans and alloy bodywork.

Members of the committee, who have the power to co-opt, arc: Mr. W. Isard (chairman), Mr. R. C. Armstrong, Mr. H. F. Marks and Mr. F. J. Bartlett.

£96 FINES FOR CAMP OPERATORS

AT Bedale Magistrates' Court, last week, Mr. E. Wurzal, prosecuting on behalf of the Yorkshire Licensing Authority, described what he called "a well-organized regular pirate service '! taking airmen on week-end leave from Leeming R.A.F. Station, Northallerton.

Fines totalling £96 for using vehicles without road service licences were imposed as follows: Emmanuel Jeffcock, Balaclava Road, Sheffield. £42; Gordon Elliott Martindale, Durham Road Garage, Ferryhill, £48; William Edward Gould, Herringthoriie Lane, ..other. ham, 12; Hubert Stanley Atkinson and George Handel Garbutt, of Bradford, £4.

Jeffeott was also ftned £2 for aiding another operator in running a coach without a road service licence.

C LICENCE FOR COFFINS VEHICLES carrying grave stones, V coffins and monumental stones require a C licence, decided Stockport county magistrates last week. However, they dismissed a summons against Ronald Henry Roberts, Wellington Road North, Stockport, for using

a vehicle for the carriage of goods without a C licence.

Roberts stated: "We contacted the Ministry and asked if we required a C licence, and they said it was a borderline case."

At the time of the alleged offence the vehicle was carrying a 100-year-old monumental headstone for cleaning.

AUSTRALIA RELAXES IMPORT RESTRICTION

THE Australian Government last Friday announced the relaxation of import controls by a further 10 per cent. of the basic figure.

Category A goods, which include motor chassis, have been licensed on the basis of 70 per cent, of the value of imports of individual items in the base year 1950-51. From July 1 they will be licensed on the basis of 80 per cent. . A spokesman of the Society -of Motor Manufacturers and Traders told The Commercial Motor that several thousand more vehicles were likely to be shipped to the Dominion over a 12-month period.


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