Anglo-American Flaming For Post-War Reconstruction

Northern Advocate, 17 March 1941, Page 5

Anglo-American Flaming For PostWar Reconstruction

(Rec. 1 p.m.) LONDON, March 15. The commercial summary, referring 1o post-war planning, says that there is great satisfaction at the United States’ willingness to co-operate with the United Kingdom ana the Empire Government in planning on a world basis.

It is believed a series of long-term purchase agreements, based on barter, will be essential. The United Kingdom Government is now preparing 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.

Storage in U. 3

The London textile exchange is satisfied with the Government’s attention to the difficulties which will confront the wool industry afte- the war. The establishment of a wool reserve in the United States is regarded as more than a wartime measure and is expected to prove one of the most vital measures of the post war policy, to prevent a jepetition of the disastrous ramp which occurred after the last war owmg to the -ack of spot supplies. Wool Substitutes. The “Wool Review” says that not only the Empire but all wool producing' countries will have to co-operate to prevent substitutes replacing wool. In this connection the chairman of Courtaids Ltd., in a speech at the ccmapny’s annual meeting, dealt cautiously with the prospects of the rayon industry in wartime, but indicated’ that synthetic fibres were expected to take a much more important part in the textile field after the war.