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Frozen Balances. Within six weeks, Britain must meet another financial problem, which will shrink the dollar supply still more. Under the terms of the Anglo-American loan, Britain must make all sterling balances, earned by other nations after July 15, convertible into dollars. More serious by far is the problem of the $13.5 billion in accumulated sterling balances piled up by Britain's creditors. At present, these balances can be spent only in the sterling area. However, the Anglo-American loan agreement provides that any amounts from the accumulated balances which are made available for spending after July...

Author: /time Magazine | Title: FOREIGN EXCHANGE: Dollar Dearth | 6/2/1947 | See Source »

Long self-professed an Anglo-Catholic, a royalist, and a classicist, Eliot has been an uncommonly revolutionary conservative, both as poet and critic. Now he made clear that, in some respects, he regards the revolution as over. He was even convinced that poets can now study Milton's poetry with profit. Said...

Author: /time Magazine | Title: Books: Milton Is O.K. | 5/19/1947 | See Source »

Smith went on to prophesy an "Inevitable" war with Russia, praise John Rankin as "a great man, a fine citizen, and a good Christian," and predict the eventual triumph of "Anglo-Saxon civilization...

Author: NO WRITER ATTRIBUTED | Title: Christian Nationalist G.L.K. Smith, in Hub, Wants Recruits for World - Wide White Supremacy Crusade | 5/14/1947 | See Source »

...always wanted Canada in. The Dominion, with its tie to the Crown in London, was once regarded as an outpost of the Old World. But now, Canada would be welcomed as another Anglo-Saxon voice at a predominantly Latin table. The constitution of the Pan American Union can easily be changed at the Bogota conference this year to admit the Dominion...

Author: /time Magazine | Title: Canada: The Vacant Chair | 4/28/1947 | See Source »

...Holy Land, and, perhaps, hoping for Russian votes in the special assembly, seek an independent Palestine-which would give them immediate control. This catastrophic plan will not be adopted, for the United States supports the British view that only an investigating committee be chosen now. But even this Anglo-American proposal is frustrating and inconclusive. Not only have numerous impartial groups submitted reports on Palestine in the past dozen years, (the most recent was the Anglo-American Commission on Inquiry last spring) but it has already been stated in the House of Lords that should Britain find the new recommendations...

Author: NO WRITER ATTRIBUTED | Title: Another Two Years? | 4/28/1947 | See Source »

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