THE DIFFERENCE

Chronicle (Levin), 21 August 1947, Page 5

THE DIFFERENCE

Ileceived Wednesday, 7 p.m. LONDON, August 20. There is a real, tiiough perhaps not fully realised, differem-e between the attitude of tlie tvvo sets of negotiators, says tln Times's Washington coirespondent. Tlie British Govennuent has coine to find a wuy of saving dollar* bv not spending lliein 111 liard eurrencv areas. The Aiuerican aini is to ti iid ineans of pruviding Britain with dollars in order tliat she niay go on spending theni. L'his niay be a siniple statement of the Ameriruu attitude but it contains luost of the truth. Apparentlv it is most strongly felt m Washington that laek of eoal and not dollars is the basie cause of Britain's ci'isis, says the Daily .Mail's diploinatic corres])ondent. Only by producing more eoal can Britain's eeunoiny be restored to anything Jike the jirewar state. This is the argtmient which Sir Wilfred Kady in Washington and Cabinet in London,

must answer. The eorrespondont adds obviously some Americans are thinking in ternia of eoal politics wlien they criticise Britain's jp-ndi.ctioii nietliods and their residls to date. They argue that there niustv.be r.ii improv ciiienl in British productive ipiality as well as qiiantity and that there nuist be a lowering of costs to nieol world eonipeiitiou, if Britain's eeonoiey is ever lo bceoine iiulependent of American snpport.