TRADE BLACK LIST

Greymouth Evening Star, 3 June 1946, Page 5

TRADE BLACK LIST

Abandonment by Britain and America ? . PROMOTION OF COMMERCE (Recd. 11.30 a.m.) WASHINGTON, June 2. The United States is preparing to drop its black list of certain businesses sympathetic with or controlled by the Axis, which has been maintained since July, 1941, in close collaboration with Britam. The New York Times Washington correspondent says-it .is understood Britain is preparing to abandon her own black list and also that British insistence is primarily responsible lor the tentative American deCl Responsible Washington officials report that the British, who, during the war, opposed any drastic measures aimed against the Ai genti , Spain and Portugal, want the embargo lifted to develop their owi trade. The British have recently shown a tendency to_ welcome any measure promising to promote world trade, regardless oi political considerations.

The Herald Tribune says that Bri- [ tain is attempting to establish com- | plete economic control in Greece, j through the creation of a far-reach-ing export and import monopoly. The American State Department has despatched terse, but emphatic instructions to the American Charge d Affaires at Athens, stating that the United States is unequivocally opposed to such an economic hegemony. It is reported from Athens that the proposed monopoly would piovicc for two directors-general, one being British and one Greek. The group would have complete authority concerning all imports and exports and manufacturing, and control as to whom commodities would go. Power would actually be invested in the British director-general. The Russians have applied this system, with high success, in South-East-Europe, and especially in connection with Rumanian oil interests. The British, apparently are eager to imitate these Soviet economic projects, in spite of the earlier publicised British abhorrence of such ventures.