MeNAMARA SETTLES WITH
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G.P.O.
A COMPROMISE agreement has rA been reached between McNamara and Co., Ltd., and the General Post Office, whereby the company will pay the G.P.O. £600 in settlement of all outstanding claims, including those connected with strikes of mail-van drivers. Am extraordinary general meeting of the company, which is in voluntary liquidation, is to be held on July 1 to authorize the liquidator to make a compromise with the G.P.O.
A disagreement with the Ministry of Transport is likely to go to arbitration
CAUTIOUS POLICY ON TYRES
A LTHOUGH Henley's Tyre anc 1—Rubber Co., Ltd., last year set tic new records in the total number anc weight of tyres made and sold, and p satisfactory net profit was earned, tht company is not paying a dividend for 1948. This decision has been reachec because of the reduced demand for tyres experienced this year, stated Sir Montague Hughman, chairman ol W. T. Henley's Telegraph Works Co. Ltd., at the annual genera] meeting las week.