| Show I Plan Way To Insulate Country From U. U S S. S Recession LONDON LON L 0 N DON D 0 N. N Americans Are Poorer says one London headline Recession Depression D e p pre r e s s ion i o n Or Slump asks another Then on top of this comes the news that the domestic situation in the United States has engaged the attention of the British cab cab- inet It all adds up to this big question for What can the United Kingdom do to insulate itself from the shock of an Amer Amer- American American American ican depression The cabinets cabinet's economic com com- committee committee committee presided over by Sir Staf Staf- Stafford Stafford Stafford ford Cripps chancellor of the ex ex- exchequer exchequer ex- ex exchequer chequer is understood to have a aplan aplan aplan plan in the hopper for any such eventuality But everybody knows that no plan can alter the fact than an American depression would mean a slump in foreign trade which would affect adversely as as indeed it already has done done Brit Brit Brit- ains efforts to sell to the dollar mar mar- ket This move already has been characterized by Sir Graham Cun Cun- Cunningham Cunningham Cunningham chairman of the newly formed dollar export board as a matter of self Sir Graham put it this way Unless we can substantially our trade with the dollar countries in the short time at our disposal during which Marshall- Marshall plan aid will continue until 1952 1052 we shall be unable to procure some of the most important raw mate mate- materials materials materials rials needed to maintain our econ econ- economy economy economy omy and without that it seems to me the inevitable result will be bemore bemore bemore more severe unemployment in this country and subsequent deterioration tion in our living standards |
