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EXPORT TARGET CUT MAINLY because of the shortage of steel,

16th April 1948, Page 28
16th April 1948
Page 28
Page 28, 16th April 1948 — EXPORT TARGET CUT MAINLY because of the shortage of steel,
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the export target for commercial vehicles and chassis for the end of 1948 has been cut from a monthlyrate value of £4,950,000 to £3,200,000. These two figures are based on estimated price levels at the end of this year, and pot at the end of 1946, as was the case with the original targets set in September. 1947 The new target for British exports as a whole is 150 per cent. of 1938 exports, instead of 160 per cent. The volume percentage target of vehicles, locomotives, ships. • aircraft, etc., is down from 319 to 260, because of steel shortages. Textile targets are to be increased virtually at the expense of engineering products.

Sir Stafford Cripps made this announcement in London on Tuesday.