Levy Account Ignores Reassessment
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NO hint of a reassessment of the loss on the disposal of British Road Servicesvehicles is contained in the Transport Fund Account, 1954, published last week. When Parliament reassembles next week, however. the Minister of Transport is likely to be pressed to give up-to-date figures. The foreword to last year's account repeats the estimate of £21m. published earlier. Mr. R. Morton Mitchell. chief executive officer of the Road Haulage Association. told The Commercial Motor Lin Monday that this figure would be too high even if disposal continued to the extent envisaged in the Transport Act, 1953. "Now that the Government propose to call a halt to disposal, the estimate should be revised immediately," he said. " A total of am. has already been collected and this should be nearly enough to meet the whole of the road haulage capital loss." The account says that the first of the five instalments of £4.2m., due to the British Transport Commission on January 1 last, has been paid. The total receipts of the Transport Fund in 1954 were 14,077.375. A sum of £19,256 was spent on the Road Haulage Disposal Board. At the end of last year the balance of the fund amounted to a total of £3,681,119.