Show II I INDUSTRIAL ALEFF PLANS I N BY ALLIES ALLIES- Imports Embargo by French Indic Indicate te Completion f rot Scheme Sy Associated Press W WASHINGTON March l Impost by the French government ot of an imports embargo similar to the British is re bY government officials here as asI I that the allies amis have completed r plans for Industrial re- re now are proceeding to put them in effect effect- Great and France hav have established established es- es a in this country to control control con con- what v t purchases they need eed to tomake make and naly Is Is cooperating with them to Ii a Ih limited extent As s a result trade experts experts' do not think there willbe will b be much sa salsa fur finished products In the tb European countries for some BODle tIme trL come it being the announced announced an- an polio poli of the allies to d do without without with with- out those articles which they cannot manufacture it home Basic materials still wIll be o obtained In the United d States and much machinery machiner Into the of which technical shill and knowledge enter but It Is believed the great bulk of American goods oo js will have to be mar mar-I hated elsewhere I A A. distinct advantage for the United States Is see the policy of the allies al- al lies Hes who ne necessarily must curtail their competition in the foreign field fieldin In order to take care of their home i population T ne allies' allies d dependence on this coun country try Tile bor or basic materials and i I machinery to start their commercial life anew may develop a new role for I American can al in financing European Euro Euro- i Countries Countries' reversing the condItion which until the war began I America has more surplus gold than any other cou try officials say and I t can relieve 1 th European scarcity by I taking industrial bonds at a profitable I rate of government bonds at ata a lower rate ip In either caSe contributing I I ing to a I of business bustness which would mean gr ater value for th the mil mil- I lions Icons of foreign securities now eld In Inthe inthe I 1 the United States |