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'NATIONALIZATION BY SUBSIDIZATION—AND BRS PARCELS ANSWER
1st September 1967, Page 39
1st September 1967
Page 39
Page 39, 1st September 1967
— 'NATIONALIZATION BY SUBSIDIZATION—AND BRS PARCELS ANSWER
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Keywords :
Transport Holding Company, Business / Finance
MR. E. MOFFAT, finance director of BRS Parcels Ltd., tells COMMERCIAL MOTOR that there were "some mis-statements" in Mr. J. T. Rissbrook's letter (CM, last week).
"Mr. Rissbrook mentions a plea for a rates increase of 10 per cent. In fact, an application for revised rates to secure a revenue addition of five per cent was made by the Transport Holding Company, on behalf of BRS Parcels Ltd. on July 18, 1966, but was deferred indefinitely. The THC 1966 report showed that BRS Parcels Ltd. did not 'operate at a substantial loss', in fact they made a profit."
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People:
J. T. Rissbrook, E. MOFFAT