ARGENTINE FOOD FOR BRITAIN
ADVANCE PAYMENT OF £110.000,000
(Rec. 8 p.m.) LONDON, Feb. 24. Britain had agreed to pay Argentina £110.000,000 in advance for food and feeding stuffs under the British-Argen-tine trade agreement, said the Minister of Economic Affairs (Sir Stafford Cripps) in the House of Commons. The advance payment was necessary because Argentina had not sufficient sterling to pay £150,000,000 for the British-owned railways and also support its banking operations. Sir Stafford Cripps said that the prices Britain was paying for Argentine goods were rather higher than under the previous agreement, because of the sharply rising market.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19480225.2.85
Bibliographic details
Press, Volume LXXXIV, Issue 25427, 25 February 1948, Page 7
Word Count
98ARGENTINE FOOD FOR BRITAIN Press, Volume LXXXIV, Issue 25427, 25 February 1948, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. 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.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in