The Eastern Economist February 22 1946

It is only in the case of the direct expediture by the Ministry of Supply and the Ministry of Food that the British Government make direct puchases on their-own account without taking recourse to the agency of the Government of India. [...] Meanwhile the Amercan Government which till the other day had been advocating the cause of a freer and expanding world trade having failed to get the nations of the world to agree to a scheme of cotton surplus liquidation after its own heart's desire seems to have decided to go ahead with the disposal of its own cotton suplus through the aid of export subsidies and the direct linking of t [...] Indian opinion which had pointed out the injustice involved in this arrangement and made a plea for the detemination of the cotton prices this season at least with reference to the prevailing world prices of copetitive varieties of non-Empire cotton has been once again flouted and at the recent conference in New Delhi attended by the officials of the Commerce Dpartment and some of the [...] G. the Bank of England and the Reserve Bank of India to draw a picture of how India has been affected by the working of the SCARCITY IN BOMBAY For the last two months the (4-overmerit of Bombay has been declaring scacity in one district after another on a rather frightening scale. [...] Along with the nationalisation of the Bank of England " 13-It; THE r:MSTERN ECONOMIST 299 which has now been accomplished the bill for the nationalisation of the Coal.