Despite the fears of U. S. business interests that the dictator states of Europe are taking over the trade of Latin America, the bitterest trade competitor of the U. S. in Argentina at present is no totalitarian state but a democratic nation of traders, Great Britain. Although overtaken in many Latin American countries by the U. S. and pressed hard in others, in Argentina Britain still holds a handful of trump cards and by last week it became apparent that she is playing them in a manner calculated to take all the tricks.

Unannounced by the Argentine Government and vigorously denied...

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