DOLLAR TALKS IN AMERICA

Press, Volume LXXXV, Issue 25902, 7 September 1949, Page 5

DOLLAR TALKS IN AMERICA

REPORT ON CANADA’S ATTITUDE NO DEVALUATION, FREER TRADE, MORE U.S. AID (Special Correspondent N.Z.P.A.) (Rec. 8.30 p.m.) LONDON, September 6. “The Canadian delegation to the Washington financial talks is likely strongly to oppose the devaluation of sterling, and to urge the Americans not to cut Marshall Aid to Britain and Europe,” says the Ottawa correspondent of the “Manchester Guardian.” “At the same time, the Canadians will not range themselves unreservedly on Britain’s side. The British delegates will find the Canadians just as critical as the Americans of some policies of the Attlee Government, and they will also find that the Canadians hold out no hopes of any further British relief from Canadian dollar loans. “The Canadians have been greatly disturbed by the recriminations between Britain and the United States, and they hope to fill the role of hon-

est brokers of conciliation during the Washington talks. Nevertheless, they will have something to say about the failure of some British exporters to take advantage of their opportunities in the Canadian market, and their inadequate recognition of its special demands.

“The Canadians will argue that the only alternative to continued American financial help for Britain and Western Europe is a modification of American trade policy, which would enable Britain and Europe to sell more to America.

“The Canadians will tell the British delegation just as frankly as the Americans that they will be wise to postpone any further experiments in nationalisation, and to examine the possibility of economies in their social security programme. They will also urge Britain to disentangle itself from the network of bilatcrial trade pacts in which it is now enmeshed.”