TRANSPORT MERGER
SOUTHERN OPERATORS FOURTEEN POOL RESOURCES (By TelegTaph.—Press Association) ASHBURTON, Wednesday Transport operators throughout the Ashburton district merged last night in one company, described by the No. 3 Transport Licensing Authority, Mr Langford, as one of the soundest concerns in New Zealand at the present time and one of the most important moves made in the transport industry in the Dominion. Fourteen operators pooled their whole resources. and the company, which became effective this morning, has a capital of £52,300. Only three operators have stayed out of the company. It will control 66 goods vehicle authorities, four passenger and seven school bus routes. Great economy will be effected in operation through the elimination of overlapping and the enormous saving in mileage.
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Waikato Times, Volume 125, Issue 20951, 2 November 1939, Page 10
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122TRANSPORT MERGER Waikato Times, Volume 125, Issue 20951, 2 November 1939, Page 10
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