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Tyre Makers Stand by Price Maintenance

16th December 1955
Page 43
Page 43, 16th December 1955 — Tyre Makers Stand by Price Maintenance
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Which of the following most accurately describes the problem?

THE tyre industry could not accept the Monopolies Commission's recommendation, made by a majority of one, that resale price maintenance of tyres should be abandoned, the Tyre Manufacturers' Conference stated last week-end.

It had been impossible to study the Commission'sreport in detail, but the Conference noted the uncontradicted statement • by four members of the Commission that there was no evidence to show that the industry was anything hut highly efficient, or that prices of lyres were excessive.

Referring to statements that the tyre manufacturers had attempted to obtain the excision of certain passages from the report, the .Conference said that representations on the subject to the Board of Trade related "to certain matters of historical record and fact which, if published, would, in the vieW of the tyre manufacturers, be ..contrary 10 the national• interest, irrespective of whether they werc.contrary to their own

interests or not.",

WAKEFIELD DEVELOPMENT T"E. principal subsidiary . of C: C. Wakefield and Co., Ltd.; W. B. Dick and Co., Ltd., is to be re-constituted as from January -1 under the name of Wakefield-Dick Industrial Oils, Ltd. The new company will embrace the functions of the former Wakefield-Dick Industrial Lubricants Division of C. C. Wakefield and Co., Ltd., and will operate solely within this country, all export business of the group being conducted by the overseas division of the parent concern.

Mr. L. W. Farrow will be chairman of the new company, with Mr. L. M. Broadway as deputy chairman and managing director and Mr. W. F. List assistant managing director.

SFIEEPBR1DGE BUY BRAY AND ANDREWS

THE whole of the share capital of W. E. Bray and Co., Ltd., Feitham, Middx, the makers of the Hydraloader. has been acquired by Sheepbridge Engineering, Ltd.. Chesterfield.

The name of Harold Andrews Grinding Co., Ltd., makers of cylinder liners and Flocast continuously cast iron bar, has been changed to Harold Andrews Shcepbridge, Ltd. This is consequent upon the company becoming, a subsidiary of Sheepbridgc Engineering.


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