'Stigma of Receivership'
Page 42
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AFTER an adjournment consultation between the parties, an application for 12 articulated vehicles on A licence was withdrawn before Mr. J. R. C. Samuel-Gibbon, the Western Licensing Authority, at Cheltenham on Tuesday.
The application was on behalf of a new company to be known as Himpsold Haulage Ltd., Cheltenham, set up by the Receiver, Mr, R. S. Hogg, to take over the business of Cleeve Hill Transport Ltd., also of Cheltenham, which is in the Receiver's hands. Mr. Hogg made the application, which was amended from 15 to 12 vehicles, and his counsel, Mr. J. C. Perks, said the intention was "to remove the stigma of receivership" and to assist in the liquidation of Cleeve Hill Transport. No satisfactory offer had been made for the business, continued Mr. Perks, and something had to be done. With the formation of the new company, opportunity should be taken of rationalizing the licences. He submitted letters showing that a substantial number of Cleeve Hill Transport customers were willing to continue taking advantage of the services given them.
After Mr. Perks said he wished to withdraw the application, Mr. Samuel-Gibbon told the parties: "I hope the Receiver will be able to find a way out which will be satisfactory."
Mr. T. D. Corpe, appearing for 15 objectors, said this was not really an application by a newcomer to the haulage business. Cleeve Hill Transport had been operating for 10 years and currently held some 26 licences. On the withdrawal of the application Mr. Corpe said he could not agree with the re-organization of the existing company's fleet with substitution of licences, an increase of five tons on laden weight and an increase in carrying capacity. The objectors, he said, would have been prepared for the matter to be dealt with, bearing in mind what the flat traffic had been and subject to the present company not selling its shares.