RECOVERY IN BRITAIN.

Star (Christchurch), Volume LXVI, Issue 20508, 9 January 1935, Page 1

RECOVERY IN BRITAIN.

Motor Industry Records Advance. RUGBY, January 7. The British Society of Motor Manufacturers records a steady increase in ; production during the last year, when 256,866 private cars and 85,633 commercial vehicles were manufactured, compared /with 220,779 and 65,508 respectively in the previous year. The export trade also increased. The improvement in the export trade was not sufficient to satisfy the manufacturers, who anticipate that the export trade will be greatly helped by the 2,5 per cent reduction from the beginning of this year in the British horse power tax. This should increase the Home demand for bigger cars, and thus enable reductions in prices to be made both for vehicles for home and overseas use. According to published returns a good recovery was also made in the gross revenue of British railway companies last year. This result is attributable to the greater trading activity and the increased spending power of the people. It is estimated that the traffic of the four railway groups amounted to £148,890.000, an increase of £5,035,000 on the previous year. The figures began to improve about half way through 1933.