• NO RISE IN 'FUEL COST YET
Page 34
If you've noticed an error in this article please click here to report it so we can fix it.
NO immediate increase in the _price of petrol and oil fuel is expected to result from the-devaluation of currency. Discussions between the Petroleum Industry Advisory Committee and the Ministry of Fuel and Power on the committee's proposal to raise the price of petrol by 3d. per gallon and of oil fuel by 2-1d. per gallon, are expected to continue for some time
The effect of an increase in the price of fuel, particularly on municipal bus fares, is likely to be serious.
£100,000 FOR LUCAS WORKERS
PUTT1NG into effect an employees' benefit scheme, an issue of 100,000 Li redeemable preference shares has been announced by Joseph Lucas, Ltd. The shares have been allotted for cash at pate to the Lucas Workers' Share Bank, Ltd, This new issue is the company's first in preference shares carrying a redemption right. Power to make the issue was granted by shareholders in 1933.
R.H.E. BANS TIME RECORDERS
TIME-RECORDING instruments in1 stalled in the cabs of vehicles taken over by the Road Haulage Executive are to be removed. The policy of the Executive is to discourage the use of such instruments, and a spokesman said recently: "We are not going to irritate drivers by checking on them by those means."