NEW TRADE AGREEMENT WITH PORTUGAL
Received Tueadav, 7 p.nt. LONDON, JariT 13: Bi-itain and Port-ugal have" reached a new trading and monetary agreemenl which will mean increased Portuguese intports- and also that neither party draws on gold reserves. The qffieiai announcement shows that, the agree lnent came as Portugal 'a -sterling , balances l-eached the limit of £15, 000,001' petniitted under the 1947 agreement. Britain, if it made any further purchases from Portugal wliile ttading continued in PortugaPs favour, wrouia have been forced to use gold reserves. An authoritative Bi'itish Solll'ce saifi •Portugal behttved exti'emely well over the agreement.
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Chronicle (Levin), 14 January 1948, Page 5
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98NEW TRADE AGREEMENT WITH PORTUGAL Chronicle (Levin), 14 January 1948, Page 5
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