Word: exporting
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Dates: during 1940-1949
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McCloy said he would settle for a mark pegged anywhere between 20? and 24?. After fevered cabling to their capitals, the French and British suggested 27?. McCloy beat the British down to 24?. Then the French proposed two conditions: 1) ending German subsidies that made for export dumping below cost, 2) freezing the price of exported German coal at the pre-devaluation rate. If Germany insisted on raising the export price of coal, then, François-Poncet insisted, the price of inland coal in Germany must also be raised; this would make Germany's steel and other fabricated...
...Bundestag next day, Adenauer read the Allies' communique. He passed lightly over the 23.8? decision with the remark that it did not do justice to the "rightful interests of the German economy." He also passed over the anti-dumping clause and the freezing of the price of export coal. But when he came to inland coal, he was sure and stern: ". . . The price of coal would have to be increased 25% ... We will under no circumstances adopt this measure. I say this explicitly in the name of the federal government, so that any unrest in the German people will...
Probable outcome: coal export prices would stay the same; the U.S. would make up Germany's dollar loss. Possible outcome: the three powers would learn that the tutelage of Germany required foresight and cohesion, that the job could never be done by high commissioners pulled this way and that by narrow considerations of advantage to their nations. If that lesson was not learned, the only gainer from the Bonn experiment would be the absent Russian General Chuikov...
...investors would need more assurance that they wouldn't lose their shirts, or have them nationalized, in foreign ventures. This week, the Administration will try to provide some of that assurance. Senate Democratic Leader Scott W. Lucas said the Senate would take up a bill to empower the Export-Import Bank to guarantee foreign investments against 1) inability to convert profits into dollars, and 2) confiscation by foreign governments. Prospects were good for Senate approval...
...Britain, Faery Products, Ltd. offered for export a "better mousetrap." The trap has a platform surrounding the bait. When the mouse touches the platform, the trap springs; the bait can be used again. Price: about...