THE NATION: Their Situation Is Terrible

This week in Washington a worried little group of Britons and Canadians sat down to discuss with their U.S. opposite numbers what measures could be taken to save Britain from economic disaster (see INTERNATIONAL). To much of the U.S., sunny and prosperous in the late summer, the British crisis had an unreal look to it. Many a citizen could only take it on faith that behind the talk of the dollar gap, Britain's inadequate production and devaluation of the pound lay a dire threat to the stability of the Western World. In Washington, where men faced one another across...

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