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Liabilities of Former Haulier £10,000

31st October 1958
Page 29
Page 29, 31st October 1958 — Liabilities of Former Haulier £10,000
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Keywords : Business / Finance

WHEN Ernest Albert O'Connor, VV formerly a haulier at Parrish Hill, Bourneheath, Bromsgrove, appeared for his public examination in bankruptcy at Worcester, last week, it was stated that his liabilities amounted to more than £10,000. Mr. W. H. Haig, Official Receiver, was told that Mr. O'Connor had kept no books of account at all.

Mr. Haig heard that from 1930-50 Mr. O'Connor was engaged in a haulage business with his father. In January, 1950, following his father's. death, he entered into partnership with his brother to carry on the business.

He put £800 capital into the business from his own and his wife's savings, and he and his brother were able to draw £15 a week each until the business was sold in September, 1953. His share of the sale—to A. and R. Scott—was £1,500, and he became Scott's manager at a salary of £1,050 a year.

In May, 1955, a property sale brought Mr. O'Connor £1,800, and with a mortgage from his bankers he started a poultry-keeping business, but this was never profitable and he lost about £15 a week until he sold out last July.

While trading as a haulier he had obtained 12 vehicles, costing £13,240, which he later sold for £8,073.

Mr. Haig said that in the absence of a complete statement of affairs the examination could not be continued. It was adjourned until December 9.

" MAINTENANCE " GRANT CANCELLED

ASUCCESSFULappeal was made by D. E. Langton, Ltd., Scunthorpe, to the Transport Tribunal, last week, when they opposed the grant of a B licence by the East Midlands Deputy Licensing Authority for a vehicle to be used by G. and C. Johnson (Claxby), Ltd., or Johnsons (1956), Ltd., when any other of these companies' vehicles was withdrawn for maintenance.

Mr. Hubert Hun, president, said that there had been no evidence of any inconvenience to customers of the Johnson companies because vehicles were off the road for short or long periods. If a vehicle were withdrawn from service, this was precisely the kind of case met by Regulation 15 of the Goods Vehicles Licence and Prohibitions Regulations.

L.T.E. EARNINGS DOWN

RECEIPTS of the London Transport" Executive's road services for the four weeks ended October 5 totalled £4,350,000, compared_ with £4,541,000 in the corresponding period of 1957. Aggregate receipts for the 40 weeks ended October 5 this year were £35,979,000, as against £45,831,000 in 1957.

State-owned provincial and Scottish buses fared better, Their receipts in the four weeks ended October 5 at £4.866,000 and their aggregate earnings for the year to that date at £47,107,000 compared with £4,473,000 and £45,074,000 for the respective periods of last year.


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