EFFECT OF U.S. LOAN TO BRITAIN
WOULD REDUCE, NOT ABOLISH EMPIRE PREFERENCE Recd. 6 p.m. Washington, May 21. The Secretary of the Treasury, Mr. Vinson, told the House Banking Committee that approval of the British loan would not sweep awav Empire tariff preference, but he thought it would be reduced. Mr. Vinson, who was replying to Representative William Barry (Democrat, New York), added that the most important benefits of the loan would be from British agreements to abolish the sterling area dollar pool, so as to make sterling convertible and ,not to discriminale against American trade, ai«i do something about blocked sterling balances.
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Bibliographic details
Wanganui Chronicle, Volume 90, Issue 117, 22 May 1946, Page 5
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103EFFECT OF U.S. LOAN TO BRITAIN Wanganui Chronicle, Volume 90, Issue 117, 22 May 1946, Page 5
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