ARGENTINE’S TRADE

Hokitika Guardian, 20 June 1931, Page 5

ARGENTINE’S TRADE

ANGLO-AMERICAN COMPETITION. (United Press Association—By Electric Telegraph—Copyright) WASHINGTON, June 18.' British trade propaganda in Argentina is described as a veiled attack on Argentine-A.mericau friendship, in a study by George J. Elder, chief of tlie Commerce Departments, LatinAmerica division. The report is one of four being sponsored by the Carnegie Peace Foundation. It named Sir Malcolm Robertson, British Ambassador to Argentina, as a chief, proponent of the slogan “Buy from those who buy from us.” He also said that the visit of the Prince or • Wales was designed primarily as an attack upon American (Me r motile supremacy. The most skilful influential commercial propagandists in Argentina * are British statesmen, merchants, bankers and others, who for years have endeavoured to instil and wield influence in favour of British goods, the report said. Mr Elder added lie believed that American merchants and manufacturers have little to fear from British competition, because one-fourth of America’s Argentine exports are goods Britain, does not, manufacture, and half of them are of such a nature that British factories cannot turn them- out now at competitive prices. He pointed to the reorganisation of Britain’s entire social and economic structure as necessary before American price competition could be met.