BRITAIN TO LICENSE EXPORTS
ENDEAVOUR TO STOP DOLLAR LEAKAGE LONDON, Sept. IS. The Board of Trade announced that raw wool shipped from the United .Kingdom on and after to-morrow will be subject to export licensing control in an attempt to stop the loss of dollar earnings resulting from the resale of sterling area wool to the United States by certain European countries. The broad effect of the control is that there will be open general licences, which means virtual export, freedom, for wool shipped from the United Kingdom to most of the sterling area countries, the United States and certain South American States. For other countries licensing control applies, but it has been designed to avoid obstructing bona fide trade. The control covers raw wool, whether cleaned or scoured, carbonised or not. A Yorkshire observer said the wool trade thought that, the system might prove too cumbersome.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AG19490919.2.19
Bibliographic details
Ashburton Guardian, Volume 69, Issue 289, 19 September 1949, Page 3
Word Count
147BRITAIN TO LICENSE EXPORTS Ashburton Guardian, Volume 69, Issue 289, 19 September 1949, Page 3
Using This Item
Ashburton Guardian Ltd is the copyright owner for the Ashburton Guardian. 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 Ashburton Guardian Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in