Fate Of British Railways In Brazil

Wanganui Chronicle, 18 February 1949, Page 3

Fate Of British Railways In Brazil

LONDON (By Airmail).—lmportant financial and economic negotiations are taking place in London and in foreign capitals this week. It is expected that once again the future of British owned railways in Brazil will be examined, when Brazil’s leading financial expert, Jose Vieiera Machado, arrives in London on January 19 for discussions on debt redemption with the Bank of England. Meanwhile Anglo-Brazilian trade talks are due to open shortly in Rio de Janeiro. A British financial mission is now flying to Ceylon to begin talks on January 19 on sterling balances. Ceylon, by her sales of rubber, tea and copper to the dollar areas, makes a notable contribution of dollars to the sterling area reserves. This British mission, which includes representatives of the Treasury, Board of Trade, Bank of England and Commonwealth Relations Office, will go on to India for the first meeting of the AngloIndian Consultative Committee. There were optimistic reports from Belgium on the possibility of arranging allowances so that Britons may take holidays in Belgium this year, arising out of last week’s negotiations in London. Both sides are reporting to their respective governments. Trade talk s with Finland are continuing in London and I am informed that President of the Board of Trade Wilson is still considering Russia’s latest note on Anglo-Soviet trade and that no definite decisions have yet been taken. (Renter’s Correspondent).