The British, who trade to live, announced significant changes in their trade relations with both East and West:

East. Britian's Sir David Eccles, President of the Board of Trade, signed a five-year trade agreement in Moscow. Britain's purchases from the Soviet Union (chiefly timber, grain, furs) should now rise by a third over last year's $160 million, and may in time reach a level of 2½% of all British imports. Britain refused Moscow's request for long-term government credit, but expects to sell the Russians "very substantial" amounts of industrial equipment no longer on the West's strategic embargo list, including complete...

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