Results and Prospects of Barr and Wallace Arnold Trust, Ltd.
Page 19
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A T the eighth animal general meeting of Barr and Wallace Arnold Trust, Ltd,, the chairman, Mr. Robert Barr, A.3/1. Inst. T , A . M . Inst.B . E. , reported a successful year's operation by all the spbsidiary companies, on the profits of which the Trust depends for its income. hi respect of the past year, the company is paying a dividend of 10 per cent., less tax, as compared with 8 per cent. in each of the seven previous years. The subsidiaries still have substantial reserves -for post-war development, which will include heavy .replacement coifs.
On the goods-transport side, R. Ban(Leeds), Ltd., has, as a controlled undertaking, continued to perform a noteworthy national service in the haulage of war materials. Conditions, however, ,have not permitted the company to realize its hopes for increasing its fleet of six-wheelers and eight-wheelers, but, with the aid of its liquid reserves, equipment will be improved so soon as conditions permit.
W. H. Fish and Sons, Ltd., and Alf Harrison (Leeds), Ltd:, controlled haulage undertakings, have maintained their position during the past year.
Wilks and Meade, Ltd., is a bodybuilding concern, the works of which have been thoroughly modernized during the past year.
The passenger side of the Trust's activities are operated by Wallace Arnold Tours, Ltd., the business of which has continued to expand, and which is still making an important national contribution by the transport of munition workers, troops, agricultural workers and other Classes of people in connection with the war effort.
Mr. Barr thought that if arrangements could be made for some motorcoach tours to be run, in which war workers might participate, it would be a great relief to the Stress under which many people are working to-day. He thought that the existing motor-coach concerns, with their mobility and elasticity, could,, and should, be used to alleviate the present overwhelmingcongestion on the railways.