300 Body Orders Cancelled
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fulANY cancellations of orders as a 1V1 result of the imposition of purchase tax on goods vehicles have been reported to the National .Employers' Association of Vehicle Builders.
The general secretary of the Association, Mr. W. Woodhead, told "The Commercial Motor" that he had received reports of cancellations from about 50 members, involving some 300 vehicles, valued at about £250,000. Some concerns had had to dismiss employees.
BUS FARES LIKELY TO RISE DECAUSE of the doubled tax on ',fuel, the margin between revenue and operating costs was so small that it was, difficult to see how increases in fares could be avoided, said Mr. J. S. Wills, chairman of R.E.T. Omnibus Services, Ltd., last week.
Moreover, despi t e substantial advances in wages during the past few years. the Trade Unions had recently submitted a further claim.
NOT ANXIOUS TO RAISE RATES WHEN the 10-per-Cent. increase in vV charges recommended by the Road Haulage Association was mentioned at a meeting of Spen Valley Chamber of Commerce, last week, it was reported that hauliers in the district had not generally applied it. The secretary of the Chamber said he understood that cases would be dealt with locally on their merits.
LONDON CAB FARES RISE
FOR journeys up to six miles, taxicab fares in the London area have been increased by a third. Thisrise supersedes the recent interim increase of 3d., per journey. No increases have been made in the rates for extras, such as the charges for luggage or third passengers. Waiting-time charge has been raised from 4s. to 5s. 4d. an hour. Glacier metal ca., Lid.. after providism for all charges, made a profit of £140,665 in the year ended February 28 last. A dividend of Tzt. Per cent is being paid on the ordinary shares.
Wilmot-Breeden (Holdings), Ltd., made a
group prolit last year of £178.772. Of this amount, £155,9612 was retained by a subsidiary. No dividend is to be paid on the ordinary shares.
S. E. Opperman, Ltd., announces that before allowing for taxation, but after making an adjustment of £3,926 for rent: charged in the previous year, the group profit for 1949 was £13,263 No dividend is to be paid.
Pressed Steel Co., Ltd., reports that, after providing for directors emoluments and other charges, its trading balance last year was 52,294.828. The net profit was £860399. A finai dividend of 10 per tent. •is to be paid on the ordinary shares. making 20 per cent, for the year. Albion Motors, Ltd., made a gross profit of £185,492 in the year ended December 31, 1949. Taxation allowed for in arriving at this figure. after deducting adjustment, of liability of previous Years. was £157.806. A total of 5117,500 was transferred to reserve. Preference dividend at 6 per cent accounted for 54.418. and 549.285 was paid on the ordinary ,shares at 1214 Per cox.. plus a 2Y-per-rent. bonus, NEW DOUGLAS BUS ROUTES THE Isle of Man Highway and Transport Board has granted applications by Douglas Corporation to operate bus services outside the borough boundaries. These will run from Victoria Pier, Douglas_ to Onchan village, Onchan Head and Tromode. Routes have been fixed by the corporation for services to operate to the new housing estate of Willaston and to Marine Drive, although licences have not yet been granted by the Board.
Isle of Man Road Services, Ltd., has been granted permission to operate a service to Hillberry via Douglas promenade and Onchan. Three other applications were refused.
ALLOYED OILS
UBRICATING oils Of the future I—a would be built up by chemical synthesis. said R. D. Streeton and A. C. Mauchan, of the Anglo-American Oil Co., Ltd.. in an address given in London last week.
Synthetic lubricants, they said„ were of great potential importance, but to-day, because of high cost, the commercial outlets for them were limited.