Wind your Ns, -s and Cs
Page 53
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VHEN the National Freight :onsortium was formed to buy he National Freight Co from the 3overnment, I assumed that the 'reight Company would cease to xist. This is not so, as I was eminded when that company's irst and last annual report was mblished this month.
The consortium is a holding ;ompany owned by 10,200 :mployees, pensioners and their amilies, and the Freight :ompany continues as the firstier subsidiary from which more han 50 operating companies ssue like octopus tentacles. The consortium had to be ormed for legal reasons: for the 1.riployees to have bought the 'reight Company directly from he Government would have )een much too simple. So far as can gather that company is argely superfluous and merely nesents a hazard to secretaries
n the choice of notepaper leaded NFC.
Fortunately, to miscue would .lot cause a political furore like he one that attended the )mbiguous use of 10 Downing 3treet notepaper. Perhaps the )roblem will be removed by winding up the Freight :ompany. To do so might, I nlieve, have other more mportant benefits.