BRITAIN'S ECONOMY

Chronicle (Levin), 7 May 1946, Page 5

BRITAIN'S ECONOMY

Press Assn.

Plans For Quick Changes EF u.s. loan not granted

By Telegraph

-Copyright

j Reeeived Tuesday, 11.30 a.m. LONDON, May 6. Plans are being drawn up to enI able Britam to make quick changes t in ner economy il the United Sraces I |ioan is not granted, says the Press! : Association. Oivil servants have | j iurrnuia'oed a shadow scheme, which ! jhas been pigeon-holed ready for ! 1 use, but which has not yet been ex- ' amined or apprOved by Cabinet. Westminster is siightly more ■ roptimistic concerning the loan ! ] prospects. There the nnpression is j j ohat within three or four days the , ! loan will be granted. j Without the loan, Britain would ' j have to immediately put into opera- i j rion measures for expanding exjports and contracting home. coni sumption of exportable goods. ' American films and tobacco would ! { be among the imports with v/hich , | Briiain would dispense. ! I11 Washington to-day the Senate ! Leader, Mr. Barkley, the Speaker, j j Mr. Rayburn and the House Leader, I Mr. MeOormack, held a conf erence I 1 with President Truman, after which ; j Senator Barkley stated that he had ! | been brought up-to-date on the 1 j present status of the British loan j j measure. He addea that the pros- ; ! pects were good for Senate to dis- i 1 pcse of the matter this week. Sena- ! i tor Barkley reiterated his opposi- J j tion to any amendments.