Passenger-Vehicle Topics.
Page 12
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Associated Equipment Co., Ltd., with an authorized capital of 2500,000 in 210 shares, by Bircham and Co., 50, Old Broad Street, to carry on public motor services, etc., is a new registration.
London Traffic Rivals.
The L. 0.0. tramway receipts, for the week ended the 12th inst., were £43,106, compared with £44,139, for the corresponding week of 1911; the L.G.O.C. receipts, for the week ended the 22nd inst., were 257,581, compared with 250,113 for the corresponding week of 1911. The L.C.C. decrease is £1033; the L.G.O.C. gain is 27468.
Traffic Obstruction.
It is with the greatest satisfaction we learn of the decision of the Roads Improvement Association to lodge a petition, in the House of Lords, against the clause in the L.C.C. General Powers Bill, now before Parliament, under which it is proposed to sanction the use of trailer and coupled tramcars, and to which clause a. Committee of the House of Commons has already, as reported by us, given its sanction.
A. L.G.O.C. Departure.
We are enabled to reproduce a photograph of one of the London General Omnibus Co.'s new charsit-bancs, two of which were first placed on the roads on Wednesday, the 19th inst. These vehicles have seating capacity for 27 passengers. A private bus, specially intended for picnicking and the private-hire business, has a seating capacity of 34. All three chassis are of the latest B-type. We understand fi.om the L.G.O.C. that the departure is purely experimental. Owing to the large number of inquiries which are now to hand it is extremely likely that this new development will be considerably extended in the near future.
For Taximeters.
Many of the visitors to Doncaster, who will, as usual, come from county towns far afield from the showyard, will undoubtedly be interested in local motorcab exploitation. In this connection we would draw their attention to the announcements which appear in the business columns of this journal by the Metropolitan Fare Register Co. Ltd., and by Bruhn's Taxanaeter, Ltd., two makers of fare-registering
instruments whose far-reaching experience may well be enlisted.
L.G.O. Reconstruction.
Details of the L.G.O.C. reconstruction scheme, of which reconstruction a hint was given amongst our " One Hears " last week, are now available.
Owing to the fact that 94 per cent, of the ordinary stock of the company has been acquired by the Underground Electric Railways Co. of London, Ltd., the preference shares will be paid off at par, or the holders have the alternative of exchanging for debenture stock.
A new company will be formed, with the consent of the liquidator of the present company, Mr. J. C. Mitchell, and this new company shall be entitled to take the name of the present company. The new company will have an authorized capital of 125,000 ordinary shares of 210 each, and total debenture stocks of 23,250,000. The present company enters into voluntary liquidation as from the 20th inst., and the holders of the ordinary stock of the present company will receive payment at the rate of 2275 for each 2100 nominal amount of their holdings.
We may recall the fact that, in our issue of the 25th January last, when dealing with the proposals for the acquirement of the L.G.O.C. by the London Underground interests, we pointed out, as one of the probabilities of the acquirement, that "the L.G.0.0, would be put into liquidation, thereby freezing out the obstinate stock holders."