Hauliers Warned to Guard Names
Page 4
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HAULIERS who are negotiating with the British Transport Commission are urged by the longdistance central panel of the Road Haulage Association not to sign any document assigning ,the use of their names to the R.T.C., without first giving the matter serious consideration, and then only when all negotiations have satisfactorily been settled. The panel has just issued its second
report. Where points of principle are
involved, operator. 'arerecommended,
before reaching an agreement with the B.T.C., to advise the R.H.A. area secretary.
Counsel's opinion supports the Association's contention that no deduction can be justified in respect of profits tax in arriving at the figures of profit on which payment for compensation A28 is to be based. Any limited company
which finds itself faced with such a demand should refuse to accept it and shotild `advise the,Association," says the panel..
"Betterment granted for vehicles over and above the formula ,laid down should not affect in any WO the wear and tear to be charged against the profits," the report states. Betterment is, in effect, "over-maintenance, and it is reasonable to assume that as:profits suffered by a-heavier-than-normal outlay on maintenance, the cost of overmaintenance, or part of it, should be written back to profits.
Hauliers are reminded that they are not compelled to agree a figure for compensation until they A re satisfied that they are obtaining a fair price for their businesses.