R.H.E. Orders 260 More Leylands
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SUBSTANTIAL orders for Leyland goods vehicles have been placed by the Road Haulage Executive. They comprise 200 Octopus chassis and cabs, 50 Comet 90 models and 10 Beavers. These vehicles are additional to those already in production for the R.H.E.118 Octopuses and 200 oil engines, which, it is believed, will be installed in the projected Bristol eight-wheeler.
The Comet 90 and Beaver models will be supplied with platform bodies built by H. V. Burlingham, Ltd. The Beavers will have 20-ft.-long bodies, and the Comets, which have a 154t. 3-in, wheelbase, will have bodies 18-ft. long. British Road Services have specified 36-in. by 8-in. tyres for the Comet 90 vehicles, so that they will have a gross rating of 11 tons 12 cwt.
LONDON PROVIDENT INSTITUTION'S END WITH the transfer of its assets to the VI' Worshipful Company of Carmen, the London Cartage and Haulage Contractors Provident institution, which was founded in 1863, has come to an
end. At a luncheon in London, last week, Mr. Henry T. Dutfield, president of the Institution, handed over to the Worshipful Company title deeds, securities, investments and cash representing £32,872.
The original rules on which the
Institution was founded and the restrictions of the Friendly Societies Act that in consequence applied, made it difficult to use fully the Institution's resources for the work which the founders intended. Moreover, the amalgamation of the transport associations in 1945, the disappearance of the London Cartage Association as a separate entity, and the passing of the Transport Act combined to create new situations calling for reassessment of the Institution's position.
Therefore, it was decided to transfer the assert to the Worshipful Company of Carmen.
At the luncheon, last week, Mr.
Dutfield paid tribute to Mr. G. W. Quick Smith's work, as secretary of the Institution, in dealing with all the legal formalities of the transfer.
BIG THORN YCROFT SHARE ISSUE
AN issue of 300,000 new ordinary shares bf £1 each is to be made by John I. Thornycroft and Co., Ltd. They will be available to ordinary shareholders in the company. The consent of the capital issue committee has been obtained, and the permission of the council of the Stock Exchange to deal in the new shares has been applied for.
The following dividends will be paid: To holders of 6 per cent, cumulative preference shares, seven months dividend at the rate of 6 per cent, per annum to July 31, 1951; to holders of participating preferred ordinary shares, a final dividend of 51 per cent. in respect of the year ending July 31, 1951; to the holders of existing ordinary shares, a second interim dividend of 5 per cent, in respect of the year ending July 31, 1951.