While Dogs Bark

After nine months of negotiating, Britain and Yugoslavia last week signed a five-year trade agreement. It called for a -L-110 million ($308,100,000) volume of trade each way. Yugoslavia will get an -L-8,000,000 loan, payable in five years. The Yugoslavs will exchange timber, corn and non-ferrous metals for British machinery, wool, chemicals and rubber products. At the same time, the two governments agreed to a settlement of -L-4,500,000 for British property nationalized by Yugoslavia. Only four days before, the Yugoslav government had concluded a $126 million one-year trade agreement with Western Germany.

In a lengthy report to the Yugoslav Parliament, Foreign Minister Edvard Kardelj last week boasted: "Relations with the United States, Great Britain and France have been improved . . . The U.S.S.R. has said that no country can exist unless it is under the thumb of a hegemonistic power . . . We have proved it can . . . While dogs bark, the caravan passes."

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