FOREIGN TRADE

Evening Post, Volume CXXXIX, Issue 136, 11 June 1945, Page 3

FOREIGN TRADE

BRITISH CONTROL CHANGES

RUGBY, June 9. The removal of restrictions hampering overseas trade was foreshadowed by the Secretary of the Department of Overseas Trade, Mr. Spencer Summers, when speaking to the tool machinery industrial and export group in London today.

From Monday, he said, it would no longer be necessary to obtain an export, licence for their type of machinery to be sent abroad. A new order governing manufacturing licences would enable the Government to grant bulk licences to cover both home and export production. This would enable arrangements to be agreed on between the Government and individual firms as to the proportion of their production which should be exported, and the proportion to be earmarked for re-equipment at home. The '-Board of Trade Journal" contains a lengthy list of the goods affected by the new relaxations in regulations. The relaxation orders cover a wide range of manufactured goods, including pottery, asbestos manufactures, abrasives, arid certain metal goods, as well as many classes of machinery. Ministers haye stated that it is intended to remove the export licensing restrictions progressively as the supply position permits. However, due to the requirements of the war against Japan, many goods now removed from export licensing control will not be freely available for export for some time to come.—B.O.W.