AFTER THE WAR

Waikato Times, Volume 128, Issue 21372, 17 March 1941, Page 6

AFTER THE WAR

BRITAIN AND AMERICA BARTER AGREEMENT | TO PREVENT DISASTER lUnited Press Assn.—Elec. Tel. Copyright' (Received March 17, 3.15 p.m.) LONDON, March 16 Referring to post-war planning, a leading critic says there is great satisfaction at the United States’ willingness to co-operate with the United Kingdom and Empire Governments in putting planning on a world basis. It is believed that a series of longterm purchase agreements, based on | barter, will be essential and the ; United Kingdom Government is pre--1 paring machinery for the regulated , disposal of surplus goods. ! The first step will be agreements ; within the Empire, which are ex- ! pected to be - of a historic character. ? The London Textile Exchange is i satisfied with the Government’s at--1 tention to the difficulties which will I confront the wool industry after the | war. i The establishment of a wool re- ; serve in the United States is rei garded as more than a wartime ! measure and is expected to prove ; one of the most vital measures of the ! post-war policy, to prevent a repeti- ( tion of the disastrous ramp which j occurred after the last war owing ! to the lack of spot supplies, i The Wool Review says: “Not only ! the Empire, but all wool-producing countries will have to co-operate to prevent substitutes from replacing wool.” Regarding this the chairman of Courtaulds, Ltd., in a speech at the company’s annual meeting, dealt cautiously with the prospects of the rayon industry in wartime, but indicated that synthetic fibres are expected to take a much more important part in the textile field after the war.