MAKE HARD BARGAINS

Bay of Plenty Beacon, Volume 2, Issue 125, 19 February 1940, Page 6

MAKE HARD BARGAINS

AMERICANS IN WAR ORDERS Henry Morgenthau, Secretary of the U.S.A. Treasury, is driving extremely hard bargains with the Allies. Though personally he favours the Allies cause, lie is determined to prevent a repetition of the disorganisation which followed the Great War. He is energetically supporting manufacturers' demands for advance payment for any plant extension which war orders necessitate. Pay Double. Moreover, he seeks to distribute Allied purchasing in such a way as to enable American economy to return to normal at the end oT the war. The Allies sometimes are being forced to pay double the real value of the goods. For insta'nee, a powder company agreed to supply o,<>00,00011) of explosive at £(500 a 10001b., but it requires a further £300 a 10001b. for plant extension. The English and French authorities are seeking to spread plant payments over two o" three veers. Returning i'e- M visit to praised the a'" industry for cxlen' 1 -- of . "Washington* He revealed that the Wright Company and the Pratt and Whitney Company had expanded their plant hv e-0 P" l ' <-*ent, n>' were making foreign buyers shoulder the. cost. United States etxports of 17,057 tons of copper to Russia in December were unusually large.