Foreign News: Red Credit

Deeply as Englishmen venerate the Archbishop of Canterbury, passionately though the Primate has inveighed against the Soviet Government (TiME, March 10), a credit of $150,000,000 over a two-year period opened at London in favor of the Reds was announced last week, and such outstanding British firms as Brunner, Mond & Co., Ltd., Imperial Chemical Trust of Great Britain and Vickers-Arm-strong Co., Ltd., prepared to ship to Russia as rapidly as possible $40.000,000 worth of chemical and hydro-electric products.

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