Deadlock Broken

A British trade delegation in Buenos Aires this week signed a contract for 200,-00 tons of Argentine meat. For ten months meat shipments had been suspended because Socialist bulk-buyers refused to pay Argentina's price. Minister of Food Maurice Webb said in January that Britain could not pay more than -L-120 ($336) per long ton. Last week's agreed price was -L-146 ($408) for chilled beef, -L-126 ($352) for frozen. In return, the British got a few concessions, including permission for British investors in Argentina to transfer funds home. However, the essence of the new contract was that Britain had toed the Argentine line--and might just as well have done so without ten months of meat shortage.

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