A Suggested " Lloyd's " for Commercial Vehicles
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ERANCE enjoys a particularly interesting system of motor-vehicle inspection, which, however, at the moment, applies only to buses. It is operated by the organization known as Veritas.
Such an excellent reputation has been gained by this body that any vehicle carrying a Veritas badge is freed from Government inspection. It has, in fact, become the Lloyd's of the passenger-carrying industry. Not only does the system of inspection enable the operator to enjoy this immunity, but he automatically obtains financial gain in respect of insurance, for the rates for certified vehicles are practically halved.
The ramifications of Veritas extend to Algeria and Morocco, and the magnitude of its operations enables inspections to be carried out at regular intervals at little more than a nominal fee.
Efforts are being made to extend the principle to other continental countries, and it might well be considered here as a branch of our Lloyd's. Inspection by Government officials can be little more than spasmodic and is apt to cause delays, whereas with a well-organized system inspections could be timed to suit operators.