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Southdown Capital Up

26th June 1964, Page 42
26th June 1964
Page 42
Page 42, 26th June 1964 — Southdown Capital Up
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Keywords : Buses, Leyland Leopard

THE capital of Southdown Motor, Services Ltd. was increased from £2,250,000 to £3,600,000 on March 6, last, reported Mr. R. P. Beddow, speaking at the company's annual general meeting this week. This Was achieved, he continued, by issuing 1,350,000 new ordinary shares of £1 each capitalized from reserves; on becoming fully paid up, these shares were converted into stock. The new issued capital bore a more realistic relationship to the true capital employed in the undertaking.

Stage service results had shown an improvement over the previous year, said Mr. Beddow, whilst the express services and tours had given added buoyancy.

Reporting on the additional bus services provided to replace the rail services between Haywards Heath and Horsted Keynes, and between Havant and Hayling Island, Mr. Beddow said that these had been very lightly loaded, and proved :n some instances to be unnecessary.

During the year the company had taken delivery of 58 new vehicles, comprising 26 Leyland Leopard coaches, 11 with Weymann bodies (two 45-seaters and nine 49-seaters), six with Plaxton (five 45-seaters and one 35-seater) and nine with Harrington 28-seat bodies, together with 30 Leyland Leopard single-deck buses with 51-seat Marshall bodies, and two Leyland PD 3/4 double-deckers with 69-seat Northern Counties bodies. More recently delivery had also been made of 25 Leyland PD 3/4 double-deckers with 69-seat Northern Counties bodies fitted with detachable tops.

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People: R. P. Beddow

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