Hescroff Bros. Claim 42Multiplier .
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AFTER a two-day sitting the Transport Arbitration Tribunal reserved decision on Tuesday on an application by Hescroff Bros., Ltd., Poole, to determine the compensation to be paid. by the British Transport Commission for nationalization in May, 1949.
Mr. D. L. McDonnell, for the company, said it was agreed that £941 should be paid for property other than vehicles, and £3,674 for the six vehicles.
Adjustments to be made to the profit to arrive at the average net annual profit were disputed. The company also claimed a multiplier of 4-.1.
The applicants put the management cost of running the business at £400. They also claimed that £412 should be added to the profits each year for increase in the value of stock over the three material years. They now suggested that provision for the replacement of the vehicles should be £532 for 1947, £747 for 1948 and £783 for 1949: "
Haulagt receipts were £8,727 in 1947, £10,497 in 1948 and £8,835 in 1949. The average rate of profit would probably have been maintained.
Mr. J. M. Shaw, for the Commission, said that the case now put forward did not " bear very close relationship with the case put forward in their claim." The Commission would agree to the vehicle replacement figures now put forward.
A very substantial part of the stack was not, he submitted, purchased in the three-year period-1947 to 1949.
It was agreed between the parties that £400 would be a proper charge for the services of two directors, but the Commission suggested that an additional £160 would be a proper charge for office assistance. They also thought that a multiplier of 24 would meet the case.