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OIL COMPANIES ENDED RATIONING

7th July 1950, Page 30
7th July 1950
Page 30
Page 30, 7th July 1950 — OIL COMPANIES ENDED RATIONING
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Which of the following most accurately describes the problem?

DERAT1ONING of fuel "flowed naturally from the efforts of the oil companies to provide ample supplies of petroleum products from their great new refineries which have been constructed in this country and elsewhere," said Sir Frederick Godber, chairman of The " Shell " Transport and Trading Co., Ltd., at the annual general meeting, last week.

"I would like to emphasize," he continued, "that it is not some fortuitous chance that has produced this happy state of affairs, but rather the long-term planning by all the units of the oil industry. As we anticipated, the industry has taken the release from this particular control in its stride. There have been no embarrassments and we now look forward to the day when the remaining controls are removed."