How film. Was Lost It is estimated that up to

13th July 1951, Page 34

13th July 1951

Page 34

Page 34, 13th July 1951 — How film. Was Lost It is estimated that up to

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£4m. was lost for the following reasons: The increase in haulage rates of 71 per cent., made in May, 1950, was only just sufficient to meet the imposts of the Budget of that year. Moreover, there was a lime lag in introducing it. After this step had been taken, costs again increased.

In addition, after undertakings had been acquired. the Road Haulage Executive found that many customers would not give their business to British Road Services, and redundant vehicles and staff had to be reorganized, but heavy costs were unnecessarily incurred. As a result of a retrospective agreement, I years' holiday pay had to be provided for in the accounts for 1950.

Expenditure on maintenance was