C chief ts out t Bill
23rd December 1977, Page 5
23rd December 1977
Page 5
Page 5, 23rd December 1977
— C chief ts out t Bill
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kN Pettit, chairman of tional Freight Corporashed out last week at posed financial reconan of the NFC as de1 the Transport Bill.
)roposals are not nearly 1 enough because, gh the proposed "will do much to ( the shortcomings ig National Carriers," C is "apprehensive behe Corporation will still n obligation to pay int D the Government on liabilities not backed nue earning assets." -esult would be that the capable of producing e would be expected to an "unrealistic rate in D carry the rest."
fect, the NFC would be ) square one — it could e "vulnerable to a ence of the very prowhich reconstruction signed to overcome."
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