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...tons of manganese ore, urgently needed by the Spanish steel industry, and a cargo of jute from India. Spain contracted to send her entire export crop of bitter oranges and large quantities of sweet oranges to England, and was assured of an end to difficulties over the import of seed potatoes...

Author: /time Magazine | Title: GREAT BRITAIN: Victories by Treaty | 12/16/1940 | See Source »

Industrial Shanghai was sinking fast. In the business not taken over by Japanese, import and export restrictions cut off raw materials and closed markets for the goods which could be manufactured. Cotton mills had reduced their output 30%. The tea and silk trades were at a standstill. U. S. oil companies were grimly bucking a Japanese attempt to establish a monopoly...

Author: /time Magazine | Title: CHINA: Vanishing Metropolis | 12/16/1940 | See Source »

...these devices Canada hoped to save $5,000,000 worth of foreign exchange a month, to enlarge her tax revenues and expand her war industries. Like Britain, she was running short of dollars with which to pay for her vast purchases of war goods from the U. S. Her imports from the U. S. are exceeding exports by an estimated $280,000,000 for 1940 - more than twice as much as in 1939. To settle the balance she will have some $200,000,000 of newly mined gold. By the new import bans, by taxes and by increased tourist trade...

Author: /time Magazine | Title: CANADA: Hard Realities | 12/16/1940 | See Source »

...Before World War II Western sugar-beet farmers were content to import European seeds for each year's crop. It was cheaper than paying U. S. labor to gather their own. Foreseeing a shortage, Oregon beet farmers planted 1,000 acres of seed for 1940 harvest, nearly doubled the acreage for 1941. It has been a profitable operation. Selling at 7½? a lb., beet seed nets Oregonians a neat $125 an acre...

Author: /time Magazine | Title: Business & Finance: Blockade Benison | 12/16/1940 | See Source »

Rather than force the British into depleting their dollar resources in America, Washington has found a solution by loaning money through the Export -Import Bank to the Argentine. Actually the loan does three things. It gives the Argentine credits in the United States with which to buy their vital food necessities. Lastly, it is another step to prevent the South American countries from being forced into the Argentine is a shrewd move by Washington in the interests of Hemisphere Defense and financial aid to Britain...

Author: NO WRITER ATTRIBUTED | Title: DOLLARS FOR ARGENTINA | 12/14/1940 | See Source »

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