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...streets in the busiest quarter of Teheran should be repaved as fast as possible and for a month shop-keepers wailed as all traffic was obstructed by the pavers and customers kept at bay. Another order set up the Government Foreign Trade Monopoly, with iron rules that for everything imported Persia must make a corresponding export, or the import cannot be made. This has so strengthened the Treasury that with nearly all Great Powers off the gold standard, the King of Kings was said last week to be considering putting Persia back...

Author: /time Magazine | Title: INTERNATIONAL: Brothers in Islam | 7/2/1934 | See Source »

...elaborate thesis of accusation which he read out in the Reichsbank Central Com mittee Chamber, directly under his bed room. Drawing a deep breath for the cataract of words he was about to utter, Dr. Schacht cried: "Now that our colonies which were attaining before the War to increasing importance as sources of raw materials have been taken away in a fashion that practically excludes Germany as an exporter to these colonies, now that our major competitors have sought by voluntarily devaluing their currencies to force Germany not only out of their own markets but out of the world markets...

Author: /time Magazine | Title: GERMANY: Moratorium | 6/25/1934 | See Source »

...Krupp smelts only peaceful ore, and forges its steel only into such benign shapes as locomotives, rails, bridge girders, and others purely industrial. Actually, Krupp is rearming Germany--the discoverable portion of whose annual armament bill now about $80,000,000. Germany, forbidden by the Treaty of Versailles to import armaments, receives generous supplies from Sweden (where Krupp controls the armament firm of Bofors) and Holland; forbidden to Export armaments, she ships to South America, the Far East, or to any European nation that will violate its own treaty by ordering from her. Yet for all the might...

Author: NO WRITER ATTRIBUTED | Title: ARMS AND THE MEN | 5/15/1934 | See Source »

...Ambassador Tsuneo Matsudaira one day last week and gave him a strange ultimatum: Either the Japanese Government agree to divide the world's markets for cotton and silk cloth equably with Britain, or Britain would keep Japanese cloth out of Britain and its colonies by means of import quotas based on what Japan sold during the 1927-31 period. Ambassador Matsudaira passed the ultimatum on to his Government which presently sent back word that Japan wanted to think it over. But Walter Runciman is no man to wait for anybody to think. Four days after the ultimatum, he told...

Author: /time Magazine | Title: Foreign News: Cloth War | 5/14/1934 | See Source »

...passed by the House three weeks ago, its quota had been raised from 1,450,000 to 1,550,000 tons. Louisiana and Florida were granted the same quota proposed by the President. Only these quotas were fixed in the law. The Secretary of Agriculture was authorized to fix import quotas so as to bring production and imports into balance with consumption. Since the beet industry's quota was raised by law it meant that the other quotas would have to be reduced by an equal amount...

Author: /time Magazine | Title: National Affairs: Sugar by Quota | 4/30/1934 | See Source »

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