Doubts on overseas investments
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NOT ALL NFC shareholders are enthusiastic about the board's intention to increase overseas activities. The doubters are probably echoing Sir Peter's concern that last year's expenditure of £5m on redundancy payments was too high for an employee-owned business and are saying that investment ought to be concentrated on increasing employment in Britain, Nevertheless, shareholders welcomed Brian Carter, manager of the Melbourne taxitruck operation of DownardPickfords, the removals and storage company, who had been selected by the Australian shareholders to bring fraternal greetings to their British colleagues. More than 60 per cent of the eligible employees of Downard-Pickford owned shares. The taxi-truck business is unusual by being run by ownerdrivers who provide local light haulage, express and even interstate services for the company on a negotiated basis.