Receivi'd Tuesday, 7 p.m. I.OXDOX, August 2(5. Bmiu; r«*du«*li(iii in ratinns now seems ini'\ ilnble, >nys Ihe Times' 1'arliamentary i-urresp'iiideiit discussing the Cabuie! iimetiiig. Tlic eorre.spundeut say.- ihe Ai'ifin un hani, tlu* i>ulun-e oi wliii-li is now i i'o/i'i;. \» as u-ed in tlu 12 nioiillis endcd .Jtine SH to meet tlu adxerse balain-e in trudiiig with Fnited States oi' Britain in that period insjioitcd ti.".-5(i(l(l,i)l)(l worth oi gumls lroni Fnited Stntos, more Ihar halt* being food and raw materials Withont tlm Iona the gap must be bridgei! by a drastii- redw-tion in dollar imji'uts and the reductiims will mean a big drop in food imports. Great efforts an* heing maile to niake np the delic iem-y from t ln* stcrling rountries but it wii! tahe timo befori* the loss ean be matie good. TI' «> ( !o\ crninent will not be prepair! to ruu down the reserve .Stocks too l'ar". The Daily .Mail's political correspon dont says the liexx aimterities will re iale to food, travel and entertainnient Talks with Empire eountrirs are takinj shape and it is expected that when tlu .Ministcrs nieet again they will have a cle.'ii' picture oi' ihe economic prospect! loiliiw ina ' hi' suspeusion of sterling con vei t iiolity.
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Chronicle (Levin), 27 August 1947, Page 5
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203Untitled Chronicle (Levin), 27 August 1947, Page 5
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