THE NATIONS: While Dogs Bark

After nine months of negotiating, Britain and Yugoslavia last week signed a five-year trade agreement. It called for a £110 million ($308,100,000) volume of trade each way. Yugoslavia will get an £8,000,000 loan, payable in five years. The Yugoslavs will exchange timber, corn and non-ferrous metals for British machinery, wool, chemicals and rubber products. At the same time, the two governments agreed to a settlement of £4,500,000 for British property nationalized by Yugoslavia. Only four days before, the Yugoslav government had concluded a $126 million one-year trade agreement with Western Germany.

In a lengthy report to the Yugoslav Parliament, Foreign...

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