BRITISH MONEY
S. AMERICAN INVESTMENTS HUGE TOTAL LONDON, Nov. 8. Britain 's 'heavy investments in South America, particularly in tho Argentine, are having a profound effect on the progress of the Imperial Conference.
Jt is understood that the British Government is sounding the Argentine regarding the proposed quota in favor of Empire wheat because it does not want to do anything which will disturb the trading and financial relations with South America.
Mr. William Graham, president of the British Board of Trade, has (stressed in the House of Commons that Britain's assets in South America amount to £1,000,000,000, more than half of which is estimated to be invested in the Argentine alone, and he urged this argument 'against prcferentia'l tariffs within the Empire or the adoption of a protectionist system. At one time Lord Beaverbrook scorned South American trade, but he has been less voluble about this aspect of economic affairs lately, and even protectionist Conservatives are puzzled to know how to deal with the situation. The Government is anxious that any quota system should be acceptable to South America. That is why it is reluctant to go above the figure of 05 per cent, for Empiregrown wheat.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17440, 11 December 1930, Page 7
Word Count
198BRITISH MONEY Poverty Bay Herald, Volume LV, Issue 17440, 11 December 1930, Page 7
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