Word: controlled
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Dates: during 1930-1939
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...effect, the plan was to improve the balance of trade (difference between exports and imports) by reducing imports. Applied in practice for the first time fortnight ago, exchange control appeared virtually to bar all imports from Japan (perhaps in retaliation for Japan's refusal to buy New Zealand wool), and cut other imports from 20% to 80%. British imports were cut least. The policy had the same effect as extremely high tariffs, except that restraining pressure was put on local importers rather than on foreign businesses...
...mass meeting, appealed to Governor-General Viscount Galway to nullify the plan on grounds of unconstitutionally. Prime Minister Savage thought that over (remembering his comfortable Parliament plurality; Laborites: 54, Conservatives: 24) and then announced: "If traders petition the Governor-General on the ground that we have no authority to control trade, we will soon obtain the necessary authority...
...Argentina not to use British sterling to balance her obligations to the U. S., and Argentina is anxious to keep the economic patronage of a nation which buys the largest share of her chief products, grains and meat. Three months ago Argentina went further, set up a rigid exchange control plan...
China regularly produces 50% of the world's annual 2,000,000,000 Ibs. of tea, but has exported only about 100,000,000 Ibs. because native consumption is so large. With the Japanese now in control of the tea provinces, Chinese tea exports have been jumped, prices cut sharply under that of Empire tea. And Empire prices may soon be forced up if India's Congress President Subhas Chandra Bose succeeds in his current campaign to jack up tea laborers' wages, now 15 shillings a month for men, ten for women, three for children...
...boat is soon completely out of the convict's control. It races downstream, hits an eddy, drifts back, finally carries the convict, stunned and incredulous, to the tree where the woman perches on the branch like a bird. "It's taken you a while," she says...