London, June 18.
'The Anglo-French commercial agreement, which was initialled _on June 16, is hailed in city circles as step in the right direction towards breaking down the barriers of industrial' nationalism with its dieastrous consequences to world trade which is' evidenced on all sides to lay.
The agreement is expected to benefit British cotton, hides, leather, automobiles and tyres, but South. Wales is doubtful how coal will be Tt is expected that British exports of coal will increase eventually, but the increase will not be large, for fear of arousing protests from the French mining industry.
The residents of Lyons are reported to be overjoyed at the news of the agreement, expecting a large increase in silk exports to Great Britain, which is still her largest market.
The Stock Exchange, however, has not been affected by the news, but is awaiting further details.
The agreement reflects the keen desire of both sides to improve Angio-French, trade which for some time has been declining—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.