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Chancellor Silent on Purchase. Tax

26th December 1952
Page 28
Page 28, 26th December 1952 — Chancellor Silent on Purchase. Tax
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REPRESENTATIONS from members of the motor industry concerning the uncertainty of the future of purchase tax on vehicles have been received by the Chancellor of the Exchequer, but last week,in the House of Commons, he was unable to anticipate his Budget statement.

The uncertainty was not created by the Government, he said, and people must adjust their nervous systems to the customary annual review of the financial situation.

"Extremely disappointing" was how Sir Geoffrey Burton, chairman of Dennis Bros., Ltd., described the Chancellor's decision to make no change before the Budget in the application of purchase tax to commercial vehicles. There was, he stated at the annual meeting last Friday, a strong case for removing this burden. The slowing down that had already taken place because of its imposition was bound to affect the company's prospects in the coming year.

The outlook for exports was not bright, although Dennis Bros., Ltd., had maintained its standard during the year under review. Executive directors had visited Spain, . Portugal, Holland, Irak and Yugoslavia in the past 12 months. The municipal-vehicle section of the company was meeting strong competition both at home and abroad, he said.

RISE IN LONDON FARES?

LLONDON bus fares will be affected by an application to be made next month by the British Transport Commission for increased charges. The Commissien will place before the Transport Tribunal a new passenger charges scheme. A sum of up to Cm. a year is required to cover increased costs, notably of wages.

The London Passengers' Association has called for an impartial investigation of the London Transport Executive's economy and for the removal of transport in the capital from the B.T.C. An amendment to the Transport Bill, seeking to restore the L.T.E. to its former status as an independent public board, was defeated during the committee stage.

TYRE PRICES CUT

DRICES of most types of tyre, except

those for cycles and motorcycles, were reduced last week by 10 per cent. The cut affects giant tyres, solids and tyres for tractors and earth:moving equipment.

OBITUARY WE regret to record the death of Ma.

VV ARNOLD W. CHADWICK.

Mr. Chadwick was a former general secretary of the Municipal Passenger Transport Association, a post which he assumed in 1937 and held until 1950, except for an early absence because of ill-health. He was 64.


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