Monday, Jun. 22, 1942

Freer Trade

The new Lend-Lease deal signed last week with Russia, like those with Treat Britain and China, provides that after the war the repayment plan "shall be such as not to burden commerce between the two countries but to promote mutually advantageous economic relations between them and the betterment of world-wide economic relations." It shall be directed "to the expansion ... of production, employment and the exchange and consumption of goods ... to the elimination of all forms of discriminatory treatment in international commerce, and to the reduction of tariffs and other trade barriers."

In these agreements U.S. businessmen could see a post-war world in which the four strongest nations are pledged to the economic principles old Cordell Hull has long preached as the only true foundations for lasting international peace.

Steven Hannagan, the man who made Miami famous with his beach and girl pictures, last week landed Ford Motor Co.'s public-relations account.

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