The Archive · 1940

Fear Loss of Trade

ile British Barter Traders in America Point To Move for Deal as Sign Of Growing Trend Fear that England is rapidly moving into a world trade position similar to that occupied by Germany and her barter agreements prior to the war Was voiced in foreign trade quarters in New York recenuy as Brush attempts to conclude a clearing agreement with Spam were discussed.

Under terms of tne treaty sought by England, products from all parts o: me Briush Empire would be imported by Spain an exchange for raw materials England needs for war pur-Poses, says Charles E. Egan in the "New York Times."

Sterling balances that Spain ordinarily accumulates in her trade with parts England would be applied to releasing the $20,000,000 to $25,000,000 in commercial balances tied up in Spain sınce the outbreak of the civil war or to the purchase of English-made goods.

Text read from the printed page and cleaned; old type leaves the occasional error.

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