Higher Prices on Home Market ?
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AWARNING of higher prices on the home market was given last week by Mr. Ralph Gordon-Smith, chairman and managing director of S. Smith and Sons (England), Ltd.
The turnover and productive efficiency of the group had; he said, increased over the past few years, but were no longer sufficient to offset any further _rise in costs. The present level of profits must be maintained to meet the group's large expansion programme and to finance the additional working capital required for increased turnover. Consequently, further increases in costs would have, at least in part, to be recovered—largely from the home market, because exports could not be jeopardized.
BUSES FOR GOODS?
" WHY cannot we have buses to carry freight, such as they have on the Continent," asked the Earl of Fevershatn at the annual dinner of the Reeth branch of the National Farmers' Union. He suggested that the steady deterioration of rural transport facilities could be arrested by the design and use of new types of dual-purpose vehicle.
140 MORE Lo.T. MEMBERS
AT September 30 last there were 9,224 members of the Institute of Transport-140 more than a year previously. This was revealed in the Institute's report, which was presented at the annual meeting in London on