New Govt. Contract with MacBrayne
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A NEW contract, which is to run fiuntil December 31, 1961, has been made between the Government and David Mac.Brayne, Ltd., for the maintenance of certain transport services and the carriage of mails in the Western Highlands and islands of Scotland. The financial arrangements are similar to those of the old agreement, the Government paying an annual grant of £360,000 for the maintenance of the specified steamer and road services.
The grant is estimated to provide the concern with a rate of interest on capital employed of 5 per cent., or £35,000 a year, whichever is the-greater. This profit is not, however, guaranteed.
Any profit made over ,i35,000 is to be shared equally between the company and the Exchequer up to a total of £15,000, from which point the surplus, if any, goes to the Exchequer. If the profit falls short of £35,000, the Government will bear half the deficiency up to a total of £15,000, the other half being borne by the company. The eomparty will not declare a dividend of more than 5 per cent. an' its issued share capital.
ALEXANDER GRANTED MORE TOURS
AST week,•W. Alexander and Sons, 1--+ Ltd., made a second application to the Scottish Licensing Authority to extend its long-distance tours to northeast coastal towns. The company's previous application had been rejected because of lack of evidence of need.
Sanction was granted to run tours from Dundee to Blackpool, the Lake District, North Wales, Devon and the Wye Valley, but the applicant wished to have starting points at Fraserburgli and towns en route to Dundee as well. Objections were lodged by Messrs. McIntyre's Coach Tours, Bucksburn.
The Authority refused to grant short tours to Blackpool from Aberdeen and Stonehaven on public holidays and during the illuminations period.
BRAZIL WANTS FORK TRUCKS
PA.A CALL for tenders for the supply of 50 4,000-lb. Mid five 7,5004b. fork-lift trucks has been made by the Department of Ports, Rivers and Canals, Praca 3 de Outubro, Porto Alegre, Rua Marechal Florian° No. 33, Rio Grande, Brazil. Quotations must be`submitted by May 15.
Petrol-engined appliances are required, and the trucks must be threewheelers with pneumatic tyres.
TRIBUNAL ADDS ANOTHER nEING satisfied that there was need I-) for additional vehicles, the Transport [Appeal] Tribunal has partially allowed the appeal by J. M. Morgan and Co., Chalfont St. Peter, against the refusal by the Metropolitan Deputy Licensing Authority to add three vehicles to a B licence.
The Authority ,authorized one extra lorry; two have been sanctioned by the Tribunal. The hearing of the appeal was reported last week.