Ask the Scholar

{
    "localId": "486498645",
    "label": "Report, Central Intelligence Group, Denmark, Situation Report 3",
    "core": "doc",
    "dtoType": "document",
    "citationUrl": "https://catalog.archives.gov/id/486498645"
}

{
    "id": "486498645",
    "sourceUrl": "https://catalog.archives.gov/id/486498645",
    "contentType": "document",
    "title": "Report, Central Intelligence Group, Denmark, Situation Report 3",
    "citationUrl": "https://catalog.archives.gov/id/486498645",
    "collections": [
        "President's Secretary's Files (Truman Administration)",
        "Intelligence Files"
    ],
    "iiifBase": "https://s3.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602196/875495/875495-03-001.tif",
    "thumbnailUrl": "https://s3.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602196/875495/875495-03-001.tif",
    "largeImageUrl": "https://s3.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602196/875495/875495-03-001.tif",
    "imageCount": 43,
    "hasImages": true,
    "source": "import",
    "hasTranscription": false
}

{
    "url": "https://catalog.archives.gov/id/486498645",
    "naId": 486498645,
    "levelOfDescription": "item",
    "productionDates": [
        {
            "logicalDate": "1947-01-01",
            "year": 1947
        }
    ],
    "recordType": "description",
    "ocrSource": "nara-archive"
}

{
    "seq": 22,
    "pageIndex": 0,
    "type": "photo",
    "url": "https://s3.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/truman/hst-psf/602196/875495/875495-03-022.tif",
    "mediaId": "4c48c9b58f5ac341",
    "ocrText": "SECRET\nUK. (See Table showing Danish trade in 1938 and 1946. In 1946, the UK\ntook by volume approximately 90% of Danish bacon, 65% of the butter, 62%\nof the eggs, 40% of the beef and veal, and 18% of the cheese. The UK\nbought about 32% by value of all Danish exports and 30% of agricultural\nexports, while supplying 45% of Denmark's total imports. These imports\nwere chiefly textiles, wearing apparel, iron and steel, fuel, motor\nvehicles, metal products, and chemicals.\nThe trade agreement presently in effect between Denmark and the\nUK fixed prices on dairy products up to the end of September 1947. Be-\ncause the prices agreed upon were lower than those guaranteed by the\nDanish Government to the producer, as well as those paid on the local\nmarket, a state subsidy became necessary in order to encourage Danish\nfarmers to produce for the British market. The agreement also stipulates\nminimum quantities which Denmark should deliver to the UK.\nFriction developed over this agreement, however, because of\nBritish resistance to payment of higher prices without receiving increased\nquantities of goods and Danish desire to use higher prices to reduce sub-\nsidy payments rather than as a stimulus to farm production. Agreement was\nfinally reached, however, at a London conference from 20-28 January 1947\nat which the UK consented to increase the price paid on butter and bacon;\nthe Danes to increase quantities sent to Britain. In 1946, exports to the\nUK were valued at about 514 million crowns $102,800,000), while imports\ntotalled 1,287,000,000 crowns $257,400,000), thus creating a large trade\ndeficit.\nThe outstanding development in Denmark's foreign trade position\nduring 1946, and hence her economy, is her foreign trade deficit of\n1,225,500,000 crowns (see Chart, p. II-11), through which her foreign\nexchange reserves, particularly sterling and dollar credits, have been\ndepleted. 60% of the deficit arises from trade with Great Britain. The\nresultant debt to Britain is 773 million crowns ($154,600,000), which the\nUK has, however, agreed to let stand without interest through 1947.\nAnother 15% of the deficit arises from imports taken from the US. Con-\ntinuance of this deficit would make it difficult for Denmark to continue\nto buy needed but high-priced products from the US. In order to continue\nUS trade, Denmark has applied for an International Bank loan (see p. II-9).\nThe loss of Germany as a source of supply and as a market, com-\nbined with the present inability of the UK to provide the type of exports\navailable before the war, has caused Denmark to look to other countries\nfor trade possibilities. The trend away from the UK toward countries\noffering only short-term trade benefits has been limited, however, by the\nDanish long-range view toward future trade and also the British pressure\nto get the greatest possible volume of Denmark's agricultural surplus.\nBilateral agreements have been concluded with Belgium, Czecho-\nslovakia, Finland, France, Hungary, Italy, the Netherlands, Norway,\nPoland, Portugal, Spain, Sweden, Switzerland and the USSR. Of these, the\nagreements with the Soviet Union, Poland and Sweden are the most important.\nII-7\nSECRE"
}