LEADERS PLEASED

Evening Post, Volume CXL, Issue 138, 8 December 1945, Page 7

LEADERS PLEASED

COMMENT IN AMERICA NEW YORK, December C. I The Secretary of the Treasury, Mr. jCarl Vinson, said that the Britishj American loan discussions had resultj eel in a happy conclusion, embracing I many advantages for American busii ness men, farmers, and workers. The Assistant Secretary of State. Mr. Clayton, told the Press that indirectly the entire loan in due course would be spent in the United States. Furthermore, it would enable Britain to take full partnership with the United States in the policy of trading with many nations instead of making agreements with nations separately or drawing together in a bloc. The Secretary of State, Mr. Byrnes, at the signing ceremony, commented that the financial and trade agreements represented an effort "to establish one world economically." Lord Halifax said that British and American co-operation had not ended with the end of the war. Another high British official said: "Frankly, the negotiations were not too bad, though we have not received as much as we wanted." Tile Associated Press says that the British first asked for 'credits n! 6,000.000.000 dollars free a( interest. It i.s not known when Congress will debate the agreement, but it will not be before the early months of next |year. It is expected to be a lough fight. Already there are signs of an .opposition line-up of both radicals and isolationists. NEWSPAPER . COMMENT. The "New York Times" says in a leading article: "The advantages to be gained by prompt ratification of the i agreement are mutual. Riding high above all financial and economic consideration is the overwhelming importance of maintaining in these critical and uncertain, times the closest possible ties of friendship and co-opera-tion among English-speaking peoples —between a strong United States and a strengthened Britain. The agreement is so broad in scope, so soundly conceived, and so beneficial in its purpose that it deserves the support of the American people and representatives in Congress." The "New York Herald Tribune" points out that the lend-lease debt wiped of! has been paid in British blood. "We are offering to make a not very onerous investment, first, in British economic recovery, but, more particularly, in the restoration of a more or less free world market relieved of exchange controls, trade barriers, Governmental monopolies, and discriminations, and also totalitarian regimentations which would otherwisethreaten to overwhelm us all," it says.