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BRISTOL INDUSTRIES AGAIN PAYS 10 PER CENT.

25th December 1942
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Page 21, 25th December 1942 — BRISTOL INDUSTRIES AGAIN PAYS 10 PER CENT.
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Which of the following most accurately describes the problem?

IN the year ended October 31 last, Bristol Industries, Ltd., which comprises a number of haulage concerns in its road-transport division, made a trading profit of £31,058, interest from investments in subsidiary companies' (R24,948) and the balance brought forward from last year giving an available total of £60,109.

After providing for depreciation (44,524), interim and final dividends on the preferehce shares (M2,784), and a transfer to the taxation account (A16,000), a sum of £26,801 remains to the credit of the profit-and-loss account. A dividend of 10 per cent. on the ordinary shares is being maintained, which will absorb £17,000 and leave £9,801 to be carried forward, subject only to directors' fees, as against 47,235 a year earlier.

S.M.T. NET PROFIT DOWN

DIRECTORS of the Scottish Motor L./Traction Co., Ltd., have recommended the payment of a dividend of 8d. per 5s. unit, free of tax on the ordinary stock for the year ended October 31 last. The net profit for the year, after thededuction of income and excess profits taxes, amounting to £699,800, was £330,870, against a net profit in the previous year of £372,190, after the deduction of income and excess profit taxes amounting to the sum of £631,425.

TROLLEYBUSES CAUSE MOST ROAD ACCIDENTS?

IN asking for a Government inquiry unto the numberof fatal accidents involving trolleybuses, the Pedestrians' Association has asserted that the latest returns show that the trolleybus in the London traffic area has the worst fatal accident record of all,, types of public service vehicle.

Bradford statistics do not indicate such an incidence of trolleybus fatalities as alleged in London, states Mr. C. R. Tattam, general manager of the city's passenger-transport undertaking. He suggested that fatal accident ' figures, although deplorable, could not be regarded as an accurate pointer to the true accidents position. PLAN TO MEET POST-WAR SPENDING ON ROADS

rE question of the maintenance and improvement of roads after the war is a topic that will be shortly introduced in the House of Lords by the Earl of Mansfield; who has pointed out, in a notice, that the expenditure of many local authorities is now being greatly reduced by their inability, owing to war conditions, to carry out the main parts, of their normal programmes in this matter.

Does the Government realize, he asks, that all sums thus saved, must be devoted to the immediate reduction of rates and cannot be laid aside to meet the vast expenditure that must be faced at the end of the war, with consequent severe and sudden increases in rates?

He suggests that the provision of such reserves, invested in Government securities, would do much to assist local authorities to meet those augmented obligations and would, at the satire time, prevent the ratepayers' burdens from being too drastically increased over a short period, He desires the introduction of legislation to this effect.

The Road Fund'is not mentioned, in connection with the post-war plans for roads, in, the notice of this discussion.

MORRIS MOTORS DIVIDEND

THE directors of Morris Motors, Ltd., haire declared an interim dividend of 10 per cent., free of income tax, in respect of the year ending December 31, 3942, on the 2,650,000 ordinary stock of the company,

DENNIS BROS. WORKS MANAGER I N recent months, Mr. A. W. Hallpike, A.M.'. A .E. , A . P. E . , has been appointed to the position of works manager to Dennis Bros., Ltd., Guildford. As bus engineer to the Daimler Co., Ltd., and for many years sales and service manager in the latter company's Scottish depot, he had gained a wide experience of the practical requirements of vehicle manufacture, and his subsequent five years with the de Havilland Aircraft Co., Ltd., gave scope for his ability to organize production. LORDS TO TALK PRODUCER GAS

FOR long producer-gas champion in the House of Lords, the Duke of Montrose, we understand, is to initiate another debate, early in the New Year, on the development of producer gas as• a fuel for motor vehicles.

CONSOLIDATION OF PETROL RESTRICTIONS

THE Minister of Fuel and Power was asked in the House of Commons last week by Major Lyons, to what extent his recent Order restricted the use of petrol, issued for authorized journeys, on a route over which other transport might be available, and what fresh limitation applied to journeys made by motorcars used under a self-drive hire system,

Major Lloyd George's reply was to the effect that the main purpose of the flew Order wai to consolidate existing practice and the provisions of several former Orders in one Order; the restrictions in both the cases cited remained substantially the same as before.


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