NEWS of the WEEK
Page 38
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EXPORT TRADE ON THE UP GRADE.
.The Board of Trade returns for September show that the value of commercial vehicles, cars, chassis and accessories imported was £1.59,425, which is well below the figure of £236,032 for 1935, and compares with £203,498 for the corresponding month of 1934.
The rate of improvement in exports of complete commercial vehicles has slowed down somewhat, but the September figure shows a good advance on the comparable total for last year. This year's figure was 344 vehicles, with a value of £78,539, compared with 182 vehicles and £69,372 for September, 1935. In the nine months ended September 30, 2,333 commercial vehicles were exported, their value being £740,756.
The export of commercial chassis once again showed a useful increase ; this year's total of 1,194 vehicles contrasts with 1,097 for September, 1935, the respective values being £206,910 and £151,587. In the nine months ended September last, 9,703 commercial chassis, having a value of £1,532,688, were exported.
Appeal Decisions To-day.
Last Friday, the Appeal Tribunal should have given its decisions on appeals by Mr. W. W. Drinkwater, 23, Goodson Road, London, N.W.10, Southern Railway Co„ and Mr. H. C. Lewis, Elmhurst, Bates Hill, Ightham. They have, however, been postponed until to-day (Friday), when they will be read at King's Buildings, Smith. Square, London, S.W.1, at 10.45 a.m.
Singer Financial Position.
Last Tuesday, Mr. Charles Latham, chaieman of Singer and Co., Ltd., Coventry, announced that arrangements had been concluded for providing for further finance and for the reorganization of the management.
A reference to the appointment of the new director and general manager is made under "Personal Pars."
The arrangements made contemplate a reduction of capital, including an assessment upon the holders of ordinary 64 stock, and the scheme has been approved by the shareholders' committee. Past losses of trading and capital will be wiped off, and the capital brought into proper relationship with the real value of the assets and their potential power.
S.R.P.T.A. Annual Conference.
The annual conference of the Scottish Road Passenger Transport Association, 2, St. James's Square, Edinburgh, will be held from May 20-22 inclusive, the venue again being the Atholl Palace Hotel, Pitlocary. ASSOCIATIONS FIGHTING RAILWAY GRANTS.
The North-Eastern Division of the Commercial Motor Users Association and the Yorkshire Area of Associated Road Operators are collaborating in preparations for the presentation of a large hatch of appeals against the granting to the L.N.E. and L.M.S. Railway companies, by the Yorkshire Licensing Authority, of authority to operate additional goods vehicles from a number of bases in Yorkshire. The appeals have already been lodged, but they will not be heard before January.