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...handsome German import-export banker who inherited his prosperous business thought currency restrictions silly because they interfered with some of the bigger deals...

Author: /time Magazine | Title: REFLECTIONS: Sour Cream | 8/25/1947 | See Source »

...from the U.S. The U.S. is hardly less interested in the subject than the Latins themselves. Since 1942, the U.S. has sent south $796 million in Lend-Lease and Export-Import Bank loans; Latin America is peppered with U.S. technicians lent to help the other republics strengthen their economies. So Secretary of State George Marshall understood that Bodet spoke sound doctrine in his conference speech. But the U.S. wanted a defense treaty first. It would then be willing and ready to tackle economic problems at the Bogota conference next January. The U.S. view seemed likely to-prevail. At week...

Author: /time Magazine | Title: THE HEMISPHERE: Conference Curtain Raiser | 8/25/1947 | See Source »

Canada cast up its accounts for half a year's trade with the U.S. and the figures were shocking. June shipments of $175 million had boosted the half-year import total to $981 million. Against this, Canada had sold only $482 million worth of goods to the U.S. The staggering adverse balance of almost half a billion in U.S. dollars made a big dent in the Dominion's war-hoarded reserves, even though hard-pressed Britain helped out by paying Canada in U.S. dollars for $220 million worth of food. The Bank of Canada's Graham Towers...

Author: /time Magazine | Title: Canada: EXTERNAL AFFAIRS: The Half-Billion Touch | 8/25/1947 | See Source »

...that U.S. companies have enough unused and untaxable films in Britain to bring in money for at least six months (only those films which were imported after the tax was announced are subject to it). Another was that Britain's tax, although set upas an import duty, seemed in effect an income tax-and therefore in violation of an Anglo-American agreement designed to prevent double taxation on incomes. Hollywood felt that perhaps Britain could not make the tax stick...

Author: /time Magazine | Title: FOREIGN TRADE: Normal Pangs | 8/25/1947 | See Source »

...this the beginning of the end of the export boom? Some exporters thought it might be. They had watched import restrictions and licensing systems mushroom all over the world. In its Monthly Review, issued last week, the Federal Reserve Bank of New York told...

Author: /time Magazine | Title: FOREIGN TRADE: Sagging Prop | 8/11/1947 | See Source »

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