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GOOD ORDERS FOR TRADERS

4th April 1958, Page 49
4th April 1958
Page 49
Page 49, 4th April 1958 — GOOD ORDERS FOR TRADERS
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Which of the following most accurately describes the problem?

SUBSTANTIAL orders were being placed with the Ford Motor Co., Ltd.. for the Trader range of vehicles, said Sir Patrick Hennessy, chairman, in his annual report last week. In 1957, 34,322 commercial vehicles were sold on the home market and 18,399 abroad. Total foreign currency earned by exports included more than $50m.

The European market took only 29 per cent. of the company's exports, said Sir Patrick, who added that there should be no false optimism about British prospects if a Free Trade Area were to beentered under present handicaps. He attacked purchase tax on commercial vehicles as indefensible.