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Page 51
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New Address: The Exeter branch office of the Mercantile Credit "Co., Ltd., has been moved to 188 Sidwell Street. The telephone numbers are unchanged.
Castro! Profit Up: Consolidated net profit of Castrol, Ltd., and its subsidiaries last year was £1,716,863. The corresponding figure for 1960 was £1,704,947, Depot Plaimed: Road Services (Forth), Ltd., are having plans drawn up for the early erection of a transport depot on a site at McMullen Road, Darlington, Co. Durham.
Pension Scheme Plan: The Ulster Transport Authority has been authorized by the Minister of Commerce to open negotiations with the trade unions on a pension scheme for its staffs.
B.E.T. Profii Up: The net profit of the British Electric Traction Co., Ltd., for the year ended March 31 last was £4,205,262. The corresponding figure for the previous year was £4.182.619,
U.T.A. Fares Up: Scaled increases equivalent to approximately 10 per cent, of previous fares came into effect last Monday on the Ulster Transport Authority's road and rail services. Freight rates went up by 74 per cent.
Link-up Report: Current reports indicate that the Daimler-Benz AG, of Germany, and the Spanish goods vehicle manufacturer, Empresa Nacional de Autocamiones (ENASA), are planning a close link-up. It is stated that the Spanish firm is to produce Mercedes vans under licence in Spain.
Sales Link to End : As front January 1 next the agreement under which Fiat sell Simca vehicles in Italy and Simca Fiat vehicles in France will come to an end. The sales of these vehicles in each of the other Countries have become so heavy, it is stated, that the firms will have to set up sales subsidiaries, to be called Fiat-France and Simca-ltaly.
Car Mart Move: The commercial vehicle division of Car Mart, Ltd., has moved to new premises at Old Ford Road, Bow, London, E.3; telephone Advance 4499. This depot, one of the largest in London, will be used exclusively. for commercial vehicle sales and servicing, and has extensive parts stores. The used commercial vehicle department will continue at Welsh Harp.