1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172 
B.R.'s Vast Liabilities
Page 45
If you've noticed an error in this article please click here to report it so we can fix it.
From our Political Correspondent
BRITISH RAILWAYS' outstanding liabilities for advances under the
Finance Act, 1956, stood at £502,132,800 on March 31 last year. At the same time, outstanding liabilities under the Transport (Railway Finances) Act of 1957 totalled £302,164,134.
These amounts, representing advances to meet capital works and deficits, plus interest accrued, have been presented to Parliament by Sir Edmund Compton, auditor-general, in pursuance of statutory requirements.
The accounts show that during 1960-61 the B.T.C. borrowed £160 million. It was applied in the following way:—
Capital purposes of British Railways: £128.23 m.
Repayment to the Minister of instalments on the principal of earlier borrowings: £15.03 m.
Payment to the Minister, of interest accrued on borrowings for capital pur
poses of British Railways in the year of borrowing and the next three years: £16.74 m.
(It was recently announced that British Railways' net deficit during 1961 was estimated at about £151 million.)
MR. TURNER JOINS SURREY TRANSPORT CONCERN
NAR. J. T. TURNER, a national viceIVA chairman of the Road Haulage Association, has recently been appointed a director of Franks Transport (Farnhbrough), Ltd., of Elstead,-Surrey. Mr. Turner is chairman of theR.H.A. traffic committee and chairman of the vehicles committee of the National Road Transport Federation.
WILKINSON'S TRANSPORT GROUP ,
(IN Monday next dealings are expected ‘..-/ to eonnmerice on theManchester Stock Exchange in the £125,000 ordinary .capital of Wilkinson's Transport Group, Ltd.. Rochdale. The Group operates 84 vehicles on parcels collection and delivery between London, the Midlands and Lancashire and regular services to Yorkshire, Cumberland, the North East and Bristol.