Britain To Buy Machinery
Press Assn.
food purchases small
By Telegravh
-Covyright
Rccojved Alonday, 7.25 p.m. NEW YORK, July 15. Britain will uso ihe 3,750.000,000 dollai'S loau ehiefly I'or machinery and raw materials, necording to word reeeived in Washington, oay.s ihe New York Times' Wasliington correspondent. Onlv 100,000,000 to 200,000,000 dollars, ae.eording to Ihe report, will he used I'or the pure.ha.se oi' foodstuffs and luxuries immediately lieeded io give Britain a temporary snrcease I'rom stringent food and clothing restrietions. Britain 's first machinery ordcrs are txijecied to Ite For ihe texiile, eoalmining, sieel, aird mnehine ninnn I'aeiuring indnsiries. The Briiish orders will he snh.icot to Board oi' Trade aitprovah Bnyers will pay sterling to tlie Banlc of Enghmd whieh will authorise an oquivalent wiihdrawal in dollars from Ihe Federal Rcserve Bttnk I'or Amerienn snppliers.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHRONL19460716.2.28.1
Bibliographic details
Chronicle (Levin), 16 July 1946, Page 5
Word Count
134Britain To Buy Machinery Chronicle (Levin), 16 July 1946, Page 5
Using This Item
NZME is the copyright owner for the Chronicle (Levin). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in