The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1941-09-16

W II III wv lN
shipping great quantities Of lease
lend supplies. are selling consider
able proportions Of them II c.
tries we'd like to sell 70. 4. "
charged, moreover, that tiey were
selling at lower prices.thaa we can
afford to charge. The infszsnce was.
Of course, that they were in q rcs..
ton to undersell us bec1u5.. H.
tending never TO pay US for Cur
lease-lend commodities, they were
willing to take whatever they could
get for EN-. We can't. We can't or
we'd lose by it.
Naturally this account was re-
scented alike in Washington and
London.
1t seemed to place our Washing
ton lease-lenders in the light Of
having sold our own export busi-
ness down the observation-disclosures
ly maybe. but very suckerishly.
And 1t represented the British as
outright crookeda-or. at least. a.
extremely thoughtless.
Hence the prompt denials from
both capitals.
But, If the story was altogether
untrue, what's the explanation Of
the announcement from both of
'em, the other day, that they've
agreed on a scheme to improve a
state Of affairs that didn't exist. ac-
cording to their previous denials 2.
Reduce Not Eliminate
The latest version isn't to the ef-'
feet that the British will wholly
discontinue competition with US in
third-party countries.
It's recognized that they've got
to ship a certain amount Of their
stuff to some Of them, in exchange
for supplies they need from the
latter and can't get from US, even
on a lease-leld basis.
Latin Americas referred to es-'
.pecially. and notably Argentina
and Venezuela, from which. respec-
lively. the Britons urgently need
meat and petroleum. and we. it ap-
pears. haven't enough OF either to
meet their requirements. Some au-
thorities say we have, but the re-
cent British Yankee joint state
ment disputes it.
It's pointed out that the Latin
Americas haven't the resources to
make lease-lend deliveries. perhaps
never getting paid fer EN- They've
got to have spot cash. and Britain
IL available. Therefore John
Bull has TO send goods. trading 'em
off for the junk the New World
republics can provide him
with, paid for on the barrelhead.
Now, are these British exports to
be of Britain's own production? It
doesn't seem a bit likely. for Brit
ain needs. locally, about everything
1t a produce while the war con-
tinues. Well, then, are they to be
goods that we've lease-lent TO John
Bull ?-Uncle Sam holding the sack
and John Bull getting paid, in the
form Of commodities from Latin
America?
The statement doesn't answer
these questions.
1t IS stated that British exports
into countries where were in COM
mereial competition with 'em are
to be cut down. Thirty per cent is
the figure tentatively mentioned.
It's disclosed that Secretary
Jesse Jones department Of COM
merce and the British supply nego-
tiated the dicker.
They're not so unsophisticated
as to believe that American ex-
porters' grievances under the lease
lend act win be entirely eliminated.
And maybe another set Of griev-
ances will develop on the part Of
British exporters when the pro-
posed 80 per cent restriction begins
to be slapped onto their salesman
ship.
Compromise
An AnFlo-American arbitration
committees 70 be created to COM,
promise such differences Of opinion
or try to.
1t remains 10 be seen what the
Americas will think about
deal II would seem as II they'd
have an interest in the matter. II
.ritain's unfair competition" with
United States. for their BUSH
ness, Is reduced by 80 per cent. why
Won't it Increase the prices they'll
have to pay for their imports?
The main item is:
a story was published that the
5ritish and American governments
lenied In chorus. Then they set
'bout correcting what they'd said
wasn't happening.