Word: tradings
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Dates: during 1940-1949
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Economic Pincers. Russian trade treaties, like reparations, were instruments of extortion, and, in method, straight out of the Nazi mold, with which Molotov had more than a newspaper reader's acquaintance during the piping days of German-Russian war collaboration, 1939-41 (see cut). But the Soviet Union had also developed another kind of economic pincers-the so-called "joint company." The pattern was 50-50 ownership by the Soviet Union and the local government, 100% administration by Soviet-picked executives. The function of the joint companies was to keep goods flowing into Russia. Through the joint-stock company...
...between Liverpool's dirty Mersey and Rangoon's dirty Irrawaddy. Out with salt and back with rice, Captain Illingworth remembers now. "It was a hard life and a good life," he says, "and I like to think there will never be a better way of learning this trade. We used to say, 'When I leave the sea and go into steam...
...Queen Mary, 55 on the Elizabeth. Once on the Ascania he stood 75 hours without sleep. As a precaution against collision, the Mary has two radar installations. Captain Illingworth welcomes them, but he does not deputize even to radar his task of watching the sea. "In the North Atlantic trade we have a saying: 'We blow the fog horn for five hot-weather months and blow on our fingers to keep warm the other seven.' When fogs abound, any captain of a ship like this who doesn't watch the sea himself is a fool...
Next of Attlee's emergency meetings was a huddle with leaders of the Trade Union Council. Asked Attlee: would the unions again accept wartime regulations forbidding workers to leave essential industries; would they please stop being stubborn about keeping able and willing foreign workers out of the factories? The union leaders agreed. But they still had to make that agreement stick with their membership, including a sizable bloc of Communist shop stewards...
...proprietors (stockholders) heard the 30th governor, Sir Patrick Ashley Cooper, report: "The fall in net profits (from ?1,717,397, to ?1,068,803) is largely due to the sharp fall in inventory prices in the fur trade. . . . The directors anticipate . . . some further downward adjustment. . . ." But Sir Patrick was confident. The company, he said, was well on the way to re-establishing London's eminence in the world's fur markets; the future looked bright...