Way Out Of The Red Britain's Capital Projects -- British industry, fighting to cover by increased exports the gap caused by the war in the national economy, is committed to a vast programme of capital expansion. British earning-power has to be increased; and increased especially in dollars, since an important part of our food and raw material supplies can only be bought feet and Britain has to do her share in that too. The end of M.R.R. dollar assistance in 1952 sets a deadline for all these efforts. The British locomotive-building programme includes engines for Britain, the Commonwealth and for Europe. These, building at the Manchester factory of Messrs. Beyer, Peacock Ltd. October 21, 1949. (Photo by British Official Photograph).