Foreign News: Caviar & Machinery

Sir Hartley Shawcross, President of the Board of Trade, went down last week to seagirt Cornwall, where he often goes sailing. There, in a luncheon speech, Socialist Shawcross made a defiant announcement: Britain has no intention of tossing overboard her small but growing trade with Iron Curtain countries, regardless of what the U.S. Congress says or does.

"We are fully alive," he said, "to the need to control the export of strategic goods . . . Our embargo list covers this field . . . Why, our American friends sometimes ask, do we not...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!