A.E.C. Offer to Maudslay D IRECTORS of the Maudslay Motor Co.,
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Ltd., have accepted the offer of the Associated Equipment Co., Ltd., to purchase the shares of the Maudslay concern, Shareholders have been
recommended also to accept the ' proposal.
A.E.C. offers one II unit of ordinary stock for every four Maudslay 5s. ordinary shares. Holders of at least 90 per cent, of the Maudslay ordinary stock must accept the offer not later than May 14.
The reasons advanced for the suggested amalgamation are much ths same as those put forward when the Associated Equipment Co., Ltd., offered to buy Crossley Motors, Ltd.
The Maudslay concern has just issued its annual report, showing a trading profit for the period to August 31. .1947, of £116,697. Depreciation. absorbed £31,699, £2,921 was written off special war-time expenditure on land and buildings, bank interest accounted for £5.062, E.P.T. £14,750, profits tax £8,000 and income tax £29,587. The net profit was £24,700. An ordinary dividend of 20 per cent, is to be paid, and a balance of £70,316 carried forward.
The chairman's report states that the ever-increasing vitality of American competitors in overseas markets would place the company' in a difficult position a year or two hence, unless a well-planned production economy were devised. N.C.B. ASSEMBLY PLANT SET UP IN DUBLIN
APLAN r for the assembly of N.C.R.battery-electric chassis and bodies
has been established in Dublin, where vehicles sent completely knocked down are to be re-assembled under the supervision of personnel of Northern Coachbuilders, Ltd. Jig-built bodywork will be available for the dairy, bakery, 'laundry and general trades. Mr. John Cassidy, Junr., will be responsible for the organization, which also offers regular maintenance contracts to users of electric vehicles generally.
The plant has been set up by the Irish Agricultural Wholesale Society, Ltd., which has acted as distributor for N.C.B. vehicles in Northern Ireland for some time, and is now to distribute them in Eire.
N.C.B. PRICES DROPPED DRICES of all N.C.B. electric vehicles
have been reduced by £15 10s. This cut has been made possible by the use of the new lighter Exide Ironclad MVU-type battery. It is understood that 82 of the first 100 batteries produced have given an average life of more than four years and the remainder are still in use.
TELL T.R.T.A. ABOUT BAD ROADS I NFORMATION about bad stretches I of road, especially trunk road sections, where maintenance is inadequate and conditions are dangerous either to transport or to the public, is sought by the London and Home Counties Area of the Traders' Road Transport Association.
• Through the National Road Transport Federation, representations are being made to the Minister of Transport to secure adequate road maintenance and " evidence " is required to support these steps.
DISPUTE GOES TO TRIBUNAL THE claim by bodybuilding workers I. for an increase in wages of 3d. per hour is to be heard by the National Arbitration Tribunal on April 28. The employers have decided to take no action until the Tribunal's decision is
• given.
Because of the strike, Dundee Transport Department has had to withdraw bus services in the city. Fitters, who are Members of the A.E.U., came out on strike on April 8 with only 45 minutes' warning. LIGHT TOOLS ON SHOW LIGHT.machine tools, power presses. welding equipment, and infra-red dry apparatus will be among the items to be shown at the Engineering and Industrial Equipment (Home and Export) Exhibition, to be held at the Old Royal Horticultural Hall, Vincent Square, London, S.W.1, from May 19-28, Export packing and transport services will also be represented.
DEADLOCK IN CONVERSION SCHEME
DEADLOCK appears to have been reached regarding the conversion of the tram system of the Gateshead and District Tramways Co.:Lid: 4 to trolleybus working under the terms of the Gateshead and District Tramways and Trolley Vehicles Act, 1938.
Representatives of local councils who have attended meetings with the company have reported that the concern apparently did -not intend to proceed any farther .with .the conversion until the Minister of Transport had given some assurance about the compensation to be paid under the Transport Act. The Minister has refused to give an assurance that the arriount to be allowed would be sufficient to' reimburse the company for the outlay of about £700,000 and provide a return on-the capital expenditure involved : Certain local .councils. are to inquire further into their legal rights totake over the .company's tram system.