it -A
RO'SEBURS REW5-REVIEW, ROSEBURS, ORESOR THURSDAY, XUGUST T. '1 9461
SEVER " :
a year apo with which to buy ba
sic TJ. S. commodities Is now
worth only 64.4 cents.
The fact that the dollar has
suddenly lost 35 cents of Its val
ue will add to British "choosey
ness" as a buyer, much as the
American buver Is beginning to
be choosev. The British are like
ly to hunt bargains in countries
where prices are lower. In many
such cases thev'll pay In Ameri
can dollars. Then the second
country will have American dol
lars to spend here. In either case,
American sellers stand to benefit,
since almost every country right
now has pressing needs for some
American machinery and food.
Around the Circle
For example. If Great Britain
decides to buy Egyptian cotton,
rather than American, and
chooses to Day in American dol
lars, then Egypt will have dol
lars to spend here. If the British
decide to buy most of their
wheat in Canada, as thev nrob-
Oregon Canning Trade One
Of Many Expected fo Prof if
By U. S. Loan fo Greaf Britain
By SIGRID ARNE
WASHINGTON The U. S. decision to lend Great Britain $3,
750,000,000 will mean more business here as It was intended to do.
Four sections of the United States are likely to feel the shot-in-the-arm
first, judging from the Initial British government announce
ments of the manner in which the loan will be used. Here they are:
1. and 2. California Oregon
and Minnesota where the can
ned food industry is concentrated.
The British government has
promised Its people a little more
food not much, but more. A
pood deal of It will be canned
fruit, since the British are fruit
hungry. Through the war. for six
long years, they had neither the
shiDs nor the money to waste on
such luxury. The fpw fruits that
pot to Britain became so fantas
tically exnenslve that a single
pear would bring $3.50.
Textile Machinery
3. New England where the
textile machinery Industry is
concentrated. Textiles were one
of Great Britain's biggest, pre
war sellers abroad. For genera
tions English ginghams, percales
and chintzes have been the de
light of women the world over.
But bombs damaged a lot of the
machinery, and much of the rest
wore out on war lobs, or became
antiouated. The British Dlan to
' permit the use of a good chunk
of the U. S. loan to modernize
their textile industry. They're
banking on it to helD pay their
wav nut of their hufje war debt,
and the new American loan.
4. The ChicagoColumbusPItts
burgh factories where coal min
ing machinery is made. Britain
also made much money bv the
sale of coal to other countries.
Now her mines need repairs, and
the government says a second
good chunk of the loan will be
SDent fixing them up.
To Move Slowly
It's estimated only some $400.
000.000 of the loan will be snent
this year. By 1951 the British
must have used the whole
amount. That year, also, the 2
per cent interest payments be
gin, and thev continue for 50
years, or until 2001.
By that time the British hope
their foreign sales will be large
enough both to pay for goods to
meet their current needs and also
to begin to pay off their debts.
Here's the way the British gov
ernment plans to dole out the
American loan.
Any British Imnorter who
wants to buy in the United States
must explain his Durchase to the
Board of Trade. If the board de
cides either (a) that the purchase
is something the British should
have, even under their "austerity
living" Drogram, or (b) that the
commodity is needed to make
some British export more sale
able, -the government will an
prove the Idea. The Importer will
rot American dollars to pay for
jis purchases here.
Because of the many expenses
facing the British government to
day, there is marked worry in
London, as in many capitals, over
American price inflation. It
makes the dollars they are bor
rowing worth less, because they
can buy less.
There is a Bureau of Labor Sta
tistics figure which illustrates
British worries: It averages out
the price Increases during the
past year on 28 basic commodities
(such as wheat and cotton). In
those 12 months their prices have
jumped da.b per cent. Turn that
around and it means that a dollar
a Britisher might have received
ably will, since Canadian wheat
can be sold for less than Ameri
can, then Canada will have more
dollars to spend here.
In any event, the $3,750,000,000
will eventually come winging
home again to pay for commodi
ties from American farms and
factories.
Gl Terminal Pay Bill
Approved by Senate
WASHINGTON, July 31. m
The Senate approved a $2,400,
000,000 servicemen's terminal pay
bill today, putting the measure
one step from the White House.
The House of Representatives
it ill must act.
An estimated 15,000,000 former
members of the armed services
would share in the payments,
which would be in lieu of fur
loughs earned but not granted
during the war emergency.
Truebloods Return Home
Mr. and Mrs. C. E. Trueblood
have returned to Roseburg from
Eastern Oregon where they
visited their daughter and son-in-law,
Mr. and Mrs. Harlan Koger,
at La Grande, and a grandson, Dr.
Lavon M. Koger, at Ontario.
Returning through The Dalles
and Prineville, the Truebloods
visited their granddaughter and
grandson-in-law, Mr. and Mrs.
Dan Lawler.
Mr. Trueblood reported a big
movement of livestock In Eastern
Oregon; two weeks ago, 1,600
head of cattle and 400 hogs were
shipped from there and big crops
nr wncay are exnecTeo.
" u.xi-r'sjKrs Some are fat, some are
. lean,
And some are halfway
in-between.
j? But on this they do all
agree
'PATTERSON'S BREAD
is best for me!"
For Sandwiches
ODE
BIT
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MODEL DD. (Right) f "J
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Gas Engine. Electric Drive iwsil3w$4 "4 " ,
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v'
MODEL N.P. Above It the Atkins Chain Saw
which can be operated from any power avail
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$260 and up F.O.B. Portland
The Atkins Chain Saw replaces the
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Comes in lengths from
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Thoroughly Tried and '
Proven
moat, wun o wiu lot
fUKlHlt OttAllS
7
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3.93
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198
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139
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Sizes 4-8
547
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7.97
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l&ipme'ii mini