Word: transshipments
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...soft currency" countries who cannot pay them in dollars, was selling in New York at $2.40, a discount of 14% on the official rate of $2.80. At this rate, slick continental operators could buy Malayan rubber or Australian wool (telling the British it was for their own account), then transship it straight to New York and undersell Britain's direct, dollar-earning sales. This "leak" in Britain's tight control on sterling-into-dollar exchange was a potent cause of sterling's devaluation in September...
...Angeles as the West's No. i seaport, last week pulled a small coup. It became the third U.S. port to establish a "free trade zone" (the others: New York and New Orleans). In the zone, next to picturesque Fisherman's Wharf, foreign shippers may unload, transship, sort, grade and indefinitely store their merchandise without putting up bonds or going through other costly red tape. Only such goods as are brought into the U.S. are dutiable. The zone will be surrounded by stout wire, and patrolled, to prevent smuggling. Los Angeles fears the zone will lure so many...
...nations from spending U.S. dollars on nonessential or luxury items; 2) keep tabs on everything going to the Soviet Union or its satellites. But the export wall was full of loopholes. It would still be possible, as in war years, to ship to a Latin American middleman, who could transship to one of the affected countries...
G.l.s in Japan. General Lord's real job will begin when the High Command gives the orders to transship the ground forces which will be finally needed to conquer and occupy Japan. How soon that will be was anyone's guess. General Eisenhower operated last week as though he had never heard of a war against Japan. Ships still carried replacements to Europe. In Eisenhower's theater or on the way were enough replacements to take care of several months of heavy fighting...
...cluster of islands. Largest of its islands is Zealand, on which is the capital, Copenhagen. To reach Copenhagen from Berlin an express train must first board a seagoing ferry at Warnemünde, take a 30-mile trip to the island of Falster.* An hour later the train must transship again for a two-mile ferry ride to Zealand. Last week Minister of Public Works J. F. N. Friis-Skotte introduced a bill to the Folketing to give travelers one less ferry to cross...