"HANTS AND DORSET" PROFIT HIGHER
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A HIGHER net profit is reported, in IA respect of the past financial year, by Hants and Dorset Motor Services, Ltd., the figure being 251,318, as compared with 239,977 a year earlier. After adding 212,357 brought forward, the sum of 263,675 is available. An interim dividend on the ordinary shares absorbs 2.12,800, and a 6i-percent, dividend on the preference shares 29,750. After providing for dividends and bonuses, 212,425 is carried torward.
SEVEN LICENCES TO BE SURRENDERED FOR ONE..
I T will be remembered that, recently, the Southern National Omnibus Co., Ltd., acquired the share capital of Tourist Motor Coaches, Ltd., one of the oldest independent cOncerns operating on the Southampton, Bournemouth and Devon road. Application is now being made by the purchaser to co-ordinate the combined time-tables along the Kingston-Guildford route to Bournemouth and to give up the Basingstoke route entirely.
This will mean the surrendering of no 'fewer than seven licences in favour of one, which will incorporate all combine services between London and Bournemouth. The application will also affect, to a certain extent, the Southern and Western National's licences for operations to Devon and Cornwall, including the Weymouth and Exmouth services.
ANOTHER YORKSHIRE TRANSFER?
EXPRESS services from Holmfirth to Morecambe and Blackpool, and excursions and tours from Huddersfield, Honley, Meltham and Holmfirth, will he transferred from Wilson Haigh, Ltd., to the Yorkshire Traction Co., Ltd., if applications now before the Yorkshire Traffic Com
missioners be granted. •
• . NEW CLASS OF COMPENSATION CLAIM
LAST week, the London Passenger Transport Arbitration Tribunal commenced to hear a claim for compensation and damages by Messrs. Roniford District Motor Services for the compulsory transfer of their undertaking to London Transport. The firm applied to the Board in August, 1933, for permission to continue their services, but the Board decided to acquire the undertaking.
According to the Board, it agreed to pay 25,500 as part of the purchase price, but the parties failed to agree upon that price. The Board maintained that the figure should be 23,990, comprising the value of the tangible assets at the date of transfer, and claimed the repayment of any difference between the purchase price and the figure of 25,500.
Counsel for the firm alleged that the Board had "jumped " the claim, and an accountant stated, on their behalf, that, on the basis of annual profits, the value of the business was 128,000.
The Tribunal resumed hearing of the claim this week, when the Board raised its estimate for the goodwill of the business from 21,440 to 25,485.