Word: british
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Dates: during 1940-1949
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Cripps appeared still dead set against devaluation of the pound ("A rude word not allowed to be scribbled on the Treasury walls," cracked one British official). But more & more, in the face of Britain's dwindling dollar reserves, British opinion itself was pressing for devaluation. It was argued that devaluation was inevitable anyway, and that its delay had become a "psychological" obstacle to traders in the sterling area. London's Economist summoned British "statesmanship" to meet the crisis with "imagination...
...choice is not therefore between 'accepting American dictation' and the continuance of an independent British line. It is between taking the steps necessary to make the British economy solvent now, with America's active cooperation, or taking them in six months' time in the middle of economic disaster and with America perhaps contributing no more than a melancholy 'I told...
...Ministry of Agriculture and Fisheries reported ruefully: "Mortality was 90% in the Crouch." The U.S. invaders were two snail-like creatures Railed the American slipper limpet and the American whelk tingle, which bore through the shells and eat the young oysters. The whelks and limpets stowed away when the British imported* young U.S. oysters to fatten in British oyster beds. The U.S. oysters fatten fast, but do not multiply; they find the British coastal waters too cold for spawning. The British government is now raising special oysters at Conway, in Wales, and suspends cement boxes in the water to give...
...timber to Britain and the rest of the world. Because of the dollar shortage, Britain and many another customer have slashed their purchases in Canada, and have thus ripped apart the historic pattern of Canadian trade. This week, three Canadian cabinet ministers are in Washington for the U.S.-British economic talks (see INTERNATIONAL), hoping eagerly for some near-miraculous solution that will avert the crisis Canada faces in her dwindling dollar supply...
...House. The rising St. Laurent could afford a big house. Most of his legal business was unspectacular (company reorganizations and civil lawsuits), but profitable. He made a name by unraveling business snarls and working out compromises that satisfied opposing parties. It was a time when big British and U.S. companies were coming to Quebec to develop the province's timber, mineral and hydroelectric resources, and the biggest of them were St. Laurent's clients. He was regularly on the go (sometimes at a fee of $200 a day) pleading cases before the Supreme Court in Ottawa and the Privy Council...