Evening star. [volume] (Washington, D.C.) 1854-1972, 1949-06-26

10 lsMxgaas fN4tsa 10 asA&rxss@s.
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oshes IAsan American ssssksus~s.
tsresst Cuba Nen~#ssesa a1d ere
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g1usrxs states Ne bay ace
quantities az AsaHI.As sx~es fSr
eaAa sAAa swag. ssxsagssssg 10
sav Par A1ees GAR Ce~e* A@Eeaa.
&c imported ftsT. az hass ''rsa
asAal Scr which ~e Pad tsss
) - SIS in essh Inls ssas eaGee
imports ell probably ~ .sNssst
The same wSth . substantial IL
c3wasr tn pssrs ever laN YEA In
ESaHlan. ~w al bay e<ssassaesstsa
3 amounts Of vegetable els ntn*s~
as ard cthrs pseesuets Tfsss
seafS 3faESatts Ftusn hfas4i ssacs4ls
ansossnt to at lesst Ne nsslesea
scllaFs
Another favorable stttaA IsaH tn
A. aziilAn rnaEsers IA Is gesa Sc
serves Of Sasar So 600 zoe ae5lats,
a large gsaB Esnsa 81 which "a css
de posit wtth ttss Fwiefal Rss<fss
Bank In thus country Naturally,
very htsle al This /. ssallshas fnE
commercial psltposs. sane~ most
al Il Ia legally necessary faa Ire
backing al tire nation currency
Nevertheless. thts 10 mare scla
thar, most Of the ether Important
Latin American nstions hare ea
hand,
Laws an Obstacle
The majority Of the econosnia
experts. both here and In hrasii.
feel that the brazilian nation
could. within a very fee ssaFs re-
habllstAts Itself and even become
prosperous, II Il acre mol fot naHv
of ia nAtionAllstir LAYS Fsgniat-
ins. not IN say limiting foreign
There are known to
be large oil deposits IN the country.
The Rraxilianx have neither the
money nor the experts 90 engage
la laree scals exploration Canstd~
cradle United States capital sos4ld
already have Eone into Ire
country for these purposes hat
there Is such wase al national
istie opposition that oil companies
have given up any thought al
making any further ssTerts 10 DO
anything about the situation far
the time being Yet. Brasil TN
ports 10 million dollars worth az
petroleum products q year. q tire
mendous drain on - foreign 81.
change.
Brazil could realise large profits
from the sale OF iron ere. man
Ranese and other mineral pfoduets
abroad hut murh the sassss ma
taonAlistir conditions surround
these resources a. are 10 b found
In the matter Of oil The Beth
lehem Steel Co recently tried 10
negotiate contracts for the en-
pAnsion and development of
Brazilian iron and mansaness
mining but Vas unable TO set any
where because Of The restrictions
and natianallstic regulations
Want Foreign Enterprise
Key men Of the present gov
eminent. including President
Dutra himself. are favorshly dis
posed TO offer satisfaetory ard
reasonable Inducements 10 for
eisn enterprise to come into the
country,
But II IL necessary for Brasil
10 get certain amounts Of manu-
featured goods. machinery. trans
portation equipment and other
industrial and domestic neeessi-
ties from abroad nos. In order
TO prevent q breakdown OF pro
duction. Since abe doesn't have
the dollars. OF enough 10 pay for
all shs needs. abe may have 10
turn 10 Europe for them In fart.
she In already beginning 10 do
just that. A one Dispatch from
Brazil points out. While the ma
ton awaits O solution Ia the dol
lar shortage. /. has been fosc~d
TO turn its eyes 10 European
markets '
LARGE quantities Of oil refining
materials and other specialized
machinery. which normally would
have eorne from the United
States. we're bought In Europe.
A. Brazilian Congressman
asked, witt, wssat kind NJ fnonsv
could ws have bought II from The
United ssate*s You accept only
your own MONETARY unit In pay
mert. and we didn't have II
Deal With British
The Brazilian Ministry al
A6s&GaR AR&FbAIg NFR13 hSM2 aus
more than 100 million dollars wss
owing 10 Brazil from fFua<n eur
rency countries Of Europe. prln~
espaliy Great Britain. The
BrsxiIlsns have recently utilized
aorne Of the blocked sterling ca
change 10 acquire two Of ire i'm
portant Hrlttan~o~red railways
in Brazil In other words, tta~v
merely snapped fFux<n currency
for the rallway lsTea
by rn~~n. Of trade KxSe~snenss
between the British and Brasil.
similar 10 Tire fnxsrfa~6a@aas~a.
Ave -Ysar Anglo AFEsnsans barter
agreement. Britain could furnish
oil. railroad ard other sranspesta-
lion equipment IN return for va
rinaaa Brazilian minerals. segs&Afsss
oils. meats, efoeosAs~ and ismbwr.
II the naitAan ssossse succeed In
nakinx such q treaty with Hraxai.
q period Of yeara. ore
more of Our great potential mar
xesa In tf~ ether Americas wssi
NAme ksSWFa tMkew H~aw s~ss=M sss