Record Profit For T.D.G.
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A RECORD profit of 1873.720 for the
first six months of this year is announced by the Transport Development Group, Ltd. This includes the profit of £273,241 made by Beck and Pollienr, Ltd. and its subsidiaries whose shares were acquired as from January 1 last.
An interim dividend of four per cent., less tax (1130,030 net), has been declared on the Ordinary shares of the company and will be paid on October 13 to shareholders on the register on September 8. The chairman of the Transport Development Group, Mr. P. S. Henmart, says, in an interim financial statement, that the half-year saw considerable development, both in the shape of new acquisitions and in work undertaken by existing companies.
" The most important development, however," continues Mr. Henman, "was the offer for Beck and Pollitzer, Ltd., which was financed by an issue of Ordinary shares by way of rights. As results show, the Beck and Pollitzer companies made a solid contribution to the fortunes of the group.
The companies purchased earlier in the year, Highland Haulage, Ltde, John
Rhind Transport, Ltd., and Mob o Transport, Ltd., all fit naturally into the group expansion pattern and are responding to the stimulus of changed ownership."
More Bulk Handling of Milk in Scotland
FURTHER evidence of the swing in Scotland to bulk handling of milk was provided at last week's sitting of the Scottish Licensing Authority in Glasgow.
Mr. R. Whiteford applied for an A variation for one vehicle of 41 tons to carry milk for the Scottish Milk Marketing Board. The Board's figures showed a deeided increase in 1960 over the previous year in hulk handling with an existing tanker. Their eight platform vehicles were also fully employed. The evidence pointed increasingly towards an increase in bulk handling.
The application was granted.
Accessories for Safety AN A N increasing demand by heavyvehicle operators for bigger and better external mirrors (measuring up to 10 in. by 6 in.) was reported by Raydyot, Ltd., during a visit last week to the company's new works at Waterall Lane Trading Estate, Old Hill, Staffs.
The concern was founded by James Neale in 1849 and today it is run by three grandsons of the founder, Michael. David and Peter Neale, and a fourth director, Mr. R. W. Williams.
Recent addition to the Raydyot range is a safety belt of the diagonal strap type manufactured to BS.3254 Standard. It is completely universal and has one U-bolt attachment, under the seat backrest.