POST-WAR TRADE

Greymouth Evening Star, 18 March 1941, Page 2

POST-WAR TRADE

ANGLO-U.S.A. CO-OPERATION

[BY CABLE —PRESS ASSN. —COPYRIGHT.]

LONDON, March 16

Referring’ to post-war planning, a leading critic says there is great satisfaction in the United States s wi - lingness to co-operate with the Uni ed Kingdom and Empire Governments in putting planning on a world basis. It is believed a series of longterm purchase agreements based on barter will be essential. The United Kingdom Government is now Py e “ paring machinery for the regulated disposal of surplus goods. The first step will be agreements within the Empire, which are expected to be of an historic character.

The London Textile Exchange is satisfied with the Government’s attention to the difficulties which will confront the wool industry after the war. The establishment of a wool reserve in the United States is regarded as more than a war-time measure and is expected to prove one of the most vital measures of post-war policy to prevent a repetition of the disastrous ramp which occurred after the last war owing to the lack of spot supplies. The “World Review” says, not only the Empire, but all wool-producing countries, will have to co-operate, to prevent substitutes from replacing wool. Regarding this, the chairman of Courtaulds, in a speech at the company’s annual meeting, dealt cautiously with the prospects of the rayon industry in war time, but indicated that synthetic fibres are expected to take 'a much more important part in the textile field after the war,