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McNAMARA TO ESCAPE BALANCING CHARGES?

1st January 1954, Page 32
1st January 1954
Page 32
Page 32, 1st January 1954 — McNAMARA TO ESCAPE BALANCING CHARGES?
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Which of the following most accurately describes the problem?

AN agreement in principle has been reached between McNamara and Co., 'Ltd., and the British Transport Commission, which, if approved by the stockholders, will avoid the main burden of balancing charges falling on the company. A meeting of stockholders will be 'held shortly.

If they approve the agreement, the liquidator hopes to make another distribution of 4s. per stock unit. So far, 30s. per unit has been paid.