TDG chief sees little benefit in Mrs. C's plans
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THE Transport Development Group profit fell from £2,680,347 to £2,560,996 in the half-year to June 30, 1967.
Mr. P. S. Henman, the chairman, reported that unless Government measures to reflate the economy produced early results, it seemed that profits in the second half of the year would continue to run at the rate earned in the first six months.
With most customers severely affected by the squeeze, Group companies worked hard to sustain profits, he added. It had been a question of traffic not available rather than traffic lost. An upturn in the economy, when • WORK has started on constructing the Syston Western by-pass Leicestershire. Mrs. Barbara Castle having authorized the county council to accept a £1,372,340 tender. The by-pass will run from the roundabout at the north end of Thurmaston by-pass and rejoin A46 south of B674 junction. it arrived would soon augment revenue.
Change in the transport industry resulting from political action was in the offing. But there was little likelihood that the country would gain in transport efficiency and flexibility as a result.
Few Group companies specialized in longdistance road transport: those which did contributed approximately 15 per cent of Group profits for the half year.
If arbitrarily restricted by the proposals the companies would have the chance to develop local and specialist traffics.