BRITISH MOTORS
BQOM IN SIGHT. [United Press Association. —ByElectrio ‘.Telegraph.—Copyright:) LONDON, October 24. Tlie Prudential Assurance Company, one of the world’s richest corporations, lias set aside one million 'fetch., ling to back a scheme for the-.mur-chandlsing of British motor-cars eveW seas. This is believed to be the out? come ‘Af a secret irreet'iVig between Rt. Hon. J. H. ThonW (Minister for Unemployment Relief) -'arid the lenders tit tlie motor industry fit Olympia jesterday. At the meeting Mr Thomas pledged the Government’s support for plans to expand the industry. Tlie money will be Used in the financing of sales, the erecting of service stations, , and generally in put- • ■ting the British industry on a better footing in the Dominions. There is a general belief - that the Government recognising -the possibilities of, increased employment for this industry, will continue the McKenna Customs duties on imported motor cars and will drop the horse-power tax, which hampers competition overseas, .apd that it will also encourage joint marketings .. .
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Hokitika Guardian, 25 October 1929, Page 3
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163BRITISH MOTORS Hokitika Guardian, 25 October 1929, Page 3
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