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Fred M. Vinson Before Senate Banking Committee

In an appearance before the Senate Banking and Currency Committee, Secretary of the Treasury Fred M. Vinson today said the wartime deterioration in Britain's international economic position was even more severe than destruction suffered from enemy air attacks. "To survive," he said, "England must restore and expand her export trade, either by joining the United Nations program for unrestricted world trade, or extending her economic bloc of currency and trade controls." Vinson is shown here at a chart at the committee hearing. From: Beth Gore