BRITISH BUYING COUP

Chronicle (Levin), 9 December 1946, Page 5

BRITISH BUYING COUP

LOXDOX, Dec. 7. ' Reports from New York iind elsevvliere iiidicate that Britain pullcd oif a sensatioual Imyiilg coup t'rom Argentum says Reuter's linancial editor. Tlie purcliase includes (i(HJ,()()(l tons of cattle-

■•aka for shipment to England in 1947 iind 19(1, OLM) tons of linseed and other segetable oils. He adds that the intcrnational emergency food couneil 011 No vember 14 djscontinued tlie svstem ot' appoinled buyers for oilseeds, oils and fats, leaving it to individual couritries .0 ma ko tlieir oivu arrangejiients subject' only to a Food Couneil allocation. Britain tlierefore will have the obligation ot' sharing this big purchase with North American and other countries which iiadly need it, jnst as NortJi American ciumtries have an obligation to share their grain surpluses wjtli Britain and ither needy countries. The efEeets are iikely to be far reach'ing. No oltieial explanation is avaiiable wliv Argentiiie chose to entrust Britain witli the distribution although, 011 the political side, eertain motives are almost self-evident and 011 the eeonomie side some recent grain trends in North America inust have been almost as un[lalatable to Argentine as they have been to Britain, India and otlier imjiorting countries.