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ANOTHER GOOD YEAR FOR THC

13th May 1966, Page 55
13th May 1966
Page 55
Page 55, 13th May 1966 — ANOTHER GOOD YEAR FOR THC
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THE annual report and accounts of the Transport Holding Company are due to be published on June 15.

Announcing this, Sir Philip Wailer, chairman, said that the Holding Company had had another good year in 1965, the profits being roughly the same as in the previous year (when they were over /17m.). Since the prime object of the Holding Company and all its subsidiary companies, whether road haulage, road passenger, shipping or travel companies, was to provide a firstclass service on a commercial basis, it was very satisfactory that they should have succeeded yet again, notwithstanding certain special difficulties during the year, in earning a profit of this order.

The results reflected considerable credit, he said, on the management concerned at all points and levels, and on the flexible company structure within which they worked and were brought together.