Record November Exports
Page 29
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ComMERC1 AL -V EHICLE exports in November set up new records in numbers and value. Altogether, 14,298 units, valued at over £7.4m., were shipped. Australia was the biggest export market for the month, receiving 4,903 commercial vehicles worth over £2m„ states the Society of Motor Man ufactu rers • and Traders.
November's peak exports were largely attributable to the extra shipping space available through charter arrangements made by manufacturers.
Details of Qctober's production and exports appear on page 563.
OFFER FOR MEAbOWS A N offer has been made by Asso
dated British Engineering, Ltd., for the remaining shares in Henry Meadows, Ltd., not already held by the concern. It. takes the form of the transfer of one ordinary stock unit of 5s. in the Brush Electrical Engineering Co., Ltd., for every Meadows ordinary 5s. shrre held.
The directors of Meadows announce that A.B.E. is . to offer to acquire the whole of the issued 200,000 5 per cent. cumulative preference shares of £1 each in Henry Meadows, Ltd., for a consideration consisting of the issue t the holders of lane cumulativa preference stock unit of each in A.B.E.
CHATHAM ACCIDENT INQUIRY
TO conduct the inquiry into the accident in Dock Road, Gillingham, Kent, in which a party of naval cadets and a double-deck bus were involved, the Minister of Transport has appointed Sir Robert H. Tolerton. Sir• Robert was an UnderSecretary in the Ministry of Transport before his retirement in 1948.
The date and place of the inquiry will be announced after the conclusion of proceedings pending against the driver of the bus, He has been summoned on charges of dangerous and careless driving.
C.I.F. MAY LOSE 11.25m.
IT is estimated that Coras lompair
Eireann will lose over £1.25m. in the present financial year. The Irish Minister for Industry• and Commerce told the Chamber of Deputies this when he moved a supplementary estimate of £2.23m. for transport and marine services.
The C.I.E. had been expected to increase its charges during the year, so that a loss would be avoided but no rise took place until September. This would increase revenue by about Elm. a year, hut would not be enough to allow the C.I.E. to balance its accounts.
To meet its revenue deficiency, C.I.E. had sought to raise £2.5m. in new capital, some £600,000 of which would be needed for new road and rail stock.
1952 PRODUCTION CENSUS THE census of production to be taken
in 1953 in respect of 1952 is to be simplified. The statutory form of return will inelude questions on transport payments.