£4,500,000 for Red and White
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AT a meeting, last week, at which shareholders of Red and White United Transport, Ltd. approved the sale of the group to the British Transport Commission, it was revealed that the purchase price was £4,565,055. Of this sum, £61,855 will be paid in cash and £4,503.200 in stock. The issued capital is £861,841.
As reported in "The Commercial Motor" of January 27, the companies sold to the B.T.C. are: Red and White Services, Ltd., United Welsh Services, Ltd., Cheltenham District Traction Co., Newbury and District Motor Services, Ltd., Venture, Ltd., South Midland Motor Services, Ltd., Liberty Motors, Ltd., Griffin Motor Co., Ltd., Ralphs Garages, Ltd., and Reliance Motors (Barry), Ltd.
FUEL CUT TO CONTINUE
THE Ministry .of Transport has refused to accept a request of the Passenger Vehicle Operators' Association that restrictions on the rationing of fuel for excursions and tours for private-party work should be relaxed. No promise of any improvement in the position, this year, was given.
The Ministry, is investigating complaints by members of P.V.A. about the issue of fuel to newcomers to operate contract carriages, when established operators are restricted in the work that they can undertake becausi of fuel rationing.