In the House of Commons last week up rose Harold Wilson, chubby President of Britain's Board of Trade. Said he: "The negotiations between His Majesty's Government and the representatives of the American motion picture industry have resulted in an agreement." This was good news to Hollywood, which had in part blamed the 75% British tax on U.S. film profits for inciting to panic (TIME, Jan. 19).
A fortnight before, Movie Czar Eric Johnston had gone to London prepared to talk turkey. He found the atmosphere ripe for a judicious compromise. Britain needed U.S....
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