Sailing, Sailing . . .

Canada was desperately hoping that the Hyde Park Agreement could be kept alive. The oral pact made in 1941 between President Roosevelt and Prime Minister King had treated Canada like a 49th state in sharing scarce commodities--especially oil and steel. Last week, in a speech in New York City, Humphrey Hume Wrong, Canada's Ambassador to the U.S., made a bold bid for perpetual preference:

"In wartime we [shared], under the Hyde Park Agreement, the things needed to keep the production of both countries at the highest level. It worked, and made no small contribution to victory. If this . . . was good in war--good for both countries and good for our allies--why should we not with profit continue the same principle . . . indefinitely?"

The hitch was that the U.S. Senate's Small Business Committee took a dim view of the deal. It had just taken the committeemen five months to find out its terms, and they doubted its value to the U.S. Ambassador Wrong's dream boat would not have plain sailing.

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