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"Third Degree" ori "Transfer" Application W IHEN W. Tweedale and Co.,

21st August 1936, Page 38
21st August 1936
Page 38
Page 38, 21st August 1936 — "Third Degree" ori "Transfer" Application W IHEN W. Tweedale and Co.,
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Which of the following most accurately describes the problem?

Keywords : Wild, Business / Finance

Rochdale, applied, under Section 11 (3) (b) of the Road and Rail Traffic Act, to the North Western Deputy Licensing Authority for power to take over the business of Mr. A. H. Wild, with two vehicles aggregating 4 tons, Mr. Tweedale was subjected to keen crossexamination. by Mr. P. Kershaw, for the railway company.

Evidence was given that Mr. Wild intended to go out of the haulage business. Mr. Tweedale said that Tweedale and Co. was a clearing house. His wife was a haulier in her own right. Cross-examined, he said that he was

formerly manager for Messrs. Ash worth's, Rochdale.

The Nathan Fine concern had no office in Rochdale, but he had formerly been employed as Rochdale. manager for that company up to the date when Tweedale and Co. came into existence in June, 1935. Between 30 and 40 hauliers worked for Tweedale and Co., including Mr. Wild. One of his vehicles was fully engaged by the company, which could not use the other, because it' was otherwise employed. The Tweedale company had paid Mr. Wild about ET a week for a considerable period, but the general average had been about £4. After examining Mr. Wild's books, Mr. Tweedale came to the conclusion that 10 per cent. of 12 months' turnover was a fair value.

Mr. Kershaw : "That is five weeks' purchase."

Mr. Tweedale said he understood that Mr. Wild's customers would come to him. Some of them had so stated. He intended to keep the vehicles as tippers and their acquisition would not avoid the necessity of hiring.

Mr. Arthur Wild said he intended to go completely out of haulage. He was satisfied with the'. proposed terms.

Mr. Kershaw submitted that, so far as one vehicle was concerned, Mr. Wild had nothing to sell to Mr. Tweedale, if he derived all the work for that machine from Mr. Tweedale.' The latter was not going to pay for something which he could get for nothing, simply by taking his trafflc. away from Mr. Wild.

Decision was reserved.


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