Sharp competition also has been met on caustic soda and soda ash, on a number of small orders for automobile tyres, and on several other products, Foreign traders maintain.they have no objections to normal competition from England in the markets and realize that she must build up foreign exchange to help finance her heavy purchases there, They hold. however, that the selling should be confined to products which can be manufactured without diverting materials conceivably useful in her defence efforts at home, On its tour of South America early this year this Willingdon Mission ad-40 vised Latin had 1,000000 tons of shipping serving vi Americans that England the South American ports, American foreign traders, tonnage was in operation then but has been considerably reduced recent sinkings and that this may account for England's less aggressive drive for trade.
d been this any war economy. basic sources of the duction without difüculy from the can her own pro- th prolific deposits in Dutch and British are derived many of the so essential in war, The States has both in abundance and; in addition, she is deriving large in volume of energy from Before the war she p
output. of ce: year she raised 40 per cent the world's strength some 500 million short Tons tot 1bs.): but in case of need she produce a good deal more:
Oil and Metals In oil her position is even Her output of crude oil in 1340 million barrels, even larger quantity, In metals. [um great created by wi rose discrimination rFLEFI which they claim was forced upon restrictions, have disappeared Argentina by England, Under these
months. had to 20 per cent, more for weapons. Last year, produced 65% million steel ingots. But she exchange than the buyer H
Thomas, president of the recently, Foreign Trade Council, called for a close working agreement between the United States and England in the 3 o-Argentine agreement of 1983. modified at intervals in suecessive years, was operated so that United Kingdom exports to Argentina received priority and a considerably more favourable rate of exchange ction of ments contains. an of the against United Staten produces of these busines mad omer properties ' The machines which, according to toughness other [The out 3 can herself. while others are in vessels iş more substantial. th: substantial quantities from:
Canada the expansion programme ini and Latin America; but some of them imported from other after the last war; at the beginning of this vessels these 1940 struction, than was accorded to the United th States." he said, The close alliance goi 4 per cent. of her requirements at now existing between Great Britain home. But thanks to the devel and the United States, which unites do us so fundamentally in opposition to Big ta a luring the p: M years. totalitarian aims, should continue to bind us in the period of reconstruc-
Text read from the printed page and cleaned; old type leaves the occasional error.