A Namal g amation between Wells 1 - 71. Motor Services, Ltd., and their
Page 39
If you've noticed an error in this article please click here to report it so we can fix it.
parent company, Potteries Motor-Traction Co., Lld.,-will take place next' year. Plans for. the Merger -were disclosed when, thetrier) cOneerris :applied to the West Midland Traffic Comrhissioners for fare increases.
In their 'decision, the Commissioners
pointed out that Wells were closely • controlled and assisted by P.M.T. They did not, have endugh,vehicles to operate their services, and made up for this deficiency by hiring from the parent company at a rate which was said to be remunerative, but was advantageous
to the hirer.
As a result, the fixed assets of Wells were abnormally low, and it had been suggested to the Commissioners that the profits of the two companies should be combined. They accepted this as being in line with normal commercial practice. [Detailed fare decisions—Pages 242-243]