Monarch & Boss

Not long ago Reza Pahlevi, the King of Kings, the Shah of Shahs, self-made Monarch & Boss of Persia, looked upon neighboring Russia's Five Year plan and found much of it good. What most strongly impressed His Majesty was the titanic bargaining power in world markets of a nation which, like Soviet Russia, places its entire foreign trade in the hands of a State Monopoly.

Abruptly, Royal Boss Reza created the Persian Foreign Trade Department, gave it monopoly powers. Last week in Stockholm a swarthy Representative of the P. F. T. D. let important contracts to eleven Swedish firms, among them Swedish General Electric, Atlas Diesel (engines), Nydquist & Holm (locomotives) and the Gota Shipyards. Persia's blanket purchase totaled $2,680,000, represents chiefly structural steel, rails and other equipment for modernizing Persia's transport system.

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