EGYPTIAN COTTON
PURCHASE BY BRITAIN ACTION APPRECIATED FILLIP TO INDUSTRY (United Press Assn.—Elec. Tel. Copyrlgbt) LONDON, August 11 The satisfaction with which the Anglo-Egyptian cotton purchase agreement, under which Britain will purchase the entire 1940 crop, has been received in Egypt is greatly welcomed in Britain. Declaring that the agreement constituted an immense fillip for Egyptian economy, Brahim Abdul Had: Bey, Minister of Commerce and Industry, said: “Indeed, the £30,000,000 to £40,000,000 entering Egypt will permit economic life to go forward. Without the sale of the cotton Egypt would have passed through a crisis the extent of which cannot be imagined. The circulation of the money will allow local industry to prosper.”
The president of the Chamber, Dr. Ahmed Maher Pasha, said the agreement had been concluded entirely in the interests of Egypt and added: “I emphasise once again that this gesture is greatly appreciated in Egypt and will contribute toward strengthening the bonds of friendship which unite the two nations.”
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WT19400813.2.3
Bibliographic details
Ngā taipitopito pukapuka
Waikato Times, Volume 127, Issue 21190, 13 August 1940, Page 2
Word count
Tapeke kupu
161EGYPTIAN COTTON Waikato Times, Volume 127, Issue 21190, 13 August 1940, Page 2
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Waikato Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in