Decline & Sale
Better roads (including the Warringah Freeway), the upgrading of the Spit Bridge in 1958 and the spread of cars generally translated into declining ferry patronage and profitability.
On 19 April 1972, the company was acquired by Brambles Industries. Following a threat by Brambles to reduce the Manly ferry services, the NSW Government arranged for the Public Transport Commission to take over the service as from 1 December 1974.
A few government restructures later, the former operations of the former Port Jackson and Manly Steamship Company now are run by Sydney Ferries.
Read more about this topic: Port Jackson And Manly Steamship Company
Famous quotes containing the words decline and/or sale:
“Or else I thought her supernatural;
As though a sterner eye looked through her eye
On this foul world in its decline and fall,
On gangling stocks grown great, great stocks run dry,
Ancestral pearls all pitched into a sty,
Heroic reverie mocked by clown and knave....”
—William Butler Yeats (1865–1939)
“[T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!”
—Thomas Jefferson (1743–1826)