AMERICAN TRADE PROSPECTS
EFFECTS OF BRITISH DECISION
10.30 p.m.) NEW YORK, Aug. 22. cor -t*ng to opinions which the York Times” obtained from circles, the suspension of Jr?. Iree conv ertibility of sterling into as provided in the new agreement between Britain and the United otates, is likely to intensify the deChne in American exports which began in June. Those consulted were cautious in .appraisal of the situation, pendmg the publication of further procedural details, but expressed the opinion that unless new steps are taken f° relieve the dollar shortage, many countries are likely to cut down their American imports to bare essentials, idL'owing the pattern already set in such moves as the priority lists of ggffl a* l * l the import restrictions of
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Bibliographic details
Press, Volume LXXXIII, Issue 25270, 23 August 1947, Page 9
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124AMERICAN TRADE PROSPECTS Press, Volume LXXXIII, Issue 25270, 23 August 1947, Page 9
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