£125,000,000 FORD PLAN
RISKING ALL TO AID INDUSTRY. NEW YORK, February 28. Mr Henry Ford has announced that he will risk everything to revive American industry by an expenditure this year of £125,000,000 for the construction of 1,500,000 motor cars, and lorries, including the new V 8 type and of the improved four cylinder models. This is evidence that at least one great manufacturer believes that the
time is ripe for a drive to regain prosperity. Mr Ford’s plan will employ 400,000 men, directly or indirectly, and increase business for many mines, mills and railways. The reconstruction programme was fairly launched yesterday when President Hoover signed the Glass-Stea-gall Credit Expansion Bill, designed to free the vast amounts of gold now tied up in the vaults of the Federal Reserve system. It is believed that it will make possible an expansion of £2,000,000,000 in the country’s credit facilities.
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Greymouth Evening Star, 11 April 1932, Page 9
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147£125,000,000 FORD PLAN Greymouth Evening Star, 11 April 1932, Page 9
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