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T.D.G. PROFIT UP
Page 46
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THE Transport Development Group Ltd. made a profit of 13,781,183 last year, compared with £3,062,854 in 1962; this was the group profit after all charges but before tax and depredation deductions.
After depreciation, but before tax, the group profit for 1963 was £2,768,567 (£2,257,760). After taxation the group profit was £1,578,759(11,286,402).
The preliminary report states that 1963 was profitable and stimulating for the Group and towards the end of the year activity was such that some subsidiary companies found their resources stretched to the limit.
Comments on the year's earnings and dividends appear in "Money Matters" on page 89 of this issue.
Big Ulster Goods Switch ikAORE than m. tons of freight will Pfl be transferred to Ulster's roads when the U.T.A. closes down its goods train services from October 1 next. The closures will mean that all merchandise and heavy minerals will go by road. G.P.O. mail bag deliveries will not be affected as these are transported on passenger trains.
A spokesman for the U.T.A. commented: "During the year ended December, 1962, we carried 491,542 tons of merchandise. All this will now be taken by road and we expect an increase in business." When the lines close upwards of 500 railway men will lose their jobs and it is not expected that all will be absorbed in other departments.
U.T.A. workshop employees last week called on their unions to take immediate strike action in protest against the Government's transport policy.
Exhaust Fume Warnings
SOME five weeks ago, Bradford police officers began warning drivers of diesel vehicles whose exhausts emitted excessive fumes. Since then, there has been some improvement in the position, according to the city's health committee.
A total of 112 drivers have been warned, 92 of these driving goods vehicles, the remainder public service vehicles.