REDUCTION in fuel tax is a sure
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method of doing what the Government are constantly urging—bringing down industrial costs and assisting export trade. This point was stressed by a deputation from the Society of Motor Manufacturers and Traders, the Motor Agents' Association and the British Cycle and Motor Cycle Manufacturers and Traders Union, which visited the Financial Secretary to the Treasury last week.
The motor industry, it was stated. had an unsurpassed export record and strongly felt that its overseas trade should be allowed to develop under less restrictive rates of taxation. Fuel tax in the U.S.A. at 31d, per gallon compared strikingly with the British rate of duty.
The British Road Federation have submitted a memorandum to the Chancellor of the Exchequer demanding a new deal for British roads. "The effect on export prices is inflationary to the extreme, and is nullifying the natural advantages in this country of the siting of the industrial centres within reasonable reach of the ports," the Federation stated in a cominent upon inadequate highways.