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174 
CRIPPLING TAXATION ON ROAD TRANSPORT.
Page 126
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REFERENCE to "the crippling taxation which the industry is called upon to bear" was made by Sir William J. Thomson, Lord Provost of Edinburgh, chairman and managing director of the Scottish Motor Traction Co., Ltd., when he presided at the fifth annual meeting of shareholders.
After referring to the finances of the company, which, he said, were on a thoroughly, satisfactory footing, Sir William said that the largest transport enterprise taken over during the year was that of Perth Corporation, and, whereas the system had been making a heavy loss for some years, it was hoped to put it on a paying basis shortly.
The aeroplane section of the business continued to disappoint the directors, and greatly curtailed services were operated during the summer months. At the end of September it was decided to close down for the season, and it might be that the company would not re-enter this field meantime.