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STOLEN LORRIES' LICENCES WERE FIRM'S ONLY ASSETS

6th July 1962, Page 41
6th July 1962
Page 41
Page 41, 6th July 1962 — STOLEN LORRIES' LICENCES WERE FIRM'S ONLY ASSETS
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A N order for the compulsory winding up of Raincion-Whitefield Transport, Ltd., haulage contractors, or Rathbone Place, London, W, was made by Mr. Justice Plowman in the High Court last Monday on the petition of United Dominions Trust, Ltd., judgment creditors for £1,070.

Mr. Richard Sykes, for the company, said its affairs had been lOoked into with a view to calling a creditors' meeting, but it was discovered that the company had no assets except three A licences belonging to three lorries which had been stolen. In the circumstances there was no point in calling a meeting.