CARS FOR FIRM’S EMPLOYEES

Press, Volume XC, Issue 27410, 24 July 1954, Page 7

CARS FOR FIRM’S EMPLOYEES

Manager’s “Motoring Plan For All” ,<R Mr Norman WatsSm'head of firm of playing card S f nr Leeds, is operating a all” plan to provide the ™said ers with cars, the Daily Mail men are supplied with a new •aloon car at as little as 23s a we with a new car every two Already more than JO employ have taken advantage of the s**®" l .; Mr Watson said: ‘Some ttought there was a catch in the first, but now there’s a waiting UMThe scheme has stepped up P™ du „ c n tion immensely. We. simply ask employee to choose his own car. . “He pays us 235, 24s or ,25s a week end the car becomes his right away. And as I do not want them to have trouble with their I advise them to have a new one at the end of two years, ’ he said.

Mr Stassen said that in his recent London conferehce with European economic experts it was agreed that considerable progress had been made towards the liberalisation of trade. When non-resident convertibility came, it was probable that the European Payments Union—first established to assist in stopping the drain on Europe’s gold and dollar reserves in trade payments—would cease to exist. The payments union would no longer be needed for clearing of trade payments, he said.

The economies of Europe would, instead, be backed by the International Monetary Fund as they moved into convertibility.