Last year eight times as many Americans (255,000) visited the British Isles as Britons visited the U.S. One of the reasons: the dollar-short British Treasury limited British travelers to $28 a year for all expenses in the U.S. and Canada, beyond the steamship or plane tickets they could purchase with sterling. Last week, recognizing that restrictions "have erected an unnatural barrier between the English-speaking peoples," Chancellor of the Exchequer Peter Thorneycroft increased travelers' allowances to £100 (U.S. $280) a year in dollars in the U.S. and Canada, and increased businessmen's expense allowances to a top of $50 a day.
The...
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