ECONOMICS: Eggs & Loans

Britons scarcely noted the first rumblings of an acrimonious debate in the U.S. Congress over the British loan. They were more worried about dried eggs. Long the butt of G.I. wisecracks, the yellow powder is no joke to Britons, and when the Food Ministry announced that the monthly ration of one package (equivalent to twelve eggs) would have to end, there was a housewifely clamor.

London papers did not mention the fact, but dried eggs and the British loan are closely related. Britons need the $3.75 billion U.S. credit in order to buy food, raw materials and machinery during the next...

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