Tentacles Across the Sea

From Fancyclopedia 2, ca. 1959

A benevolent but sinister organiz/sation created by Chuck Harris and Dean Grennell to equalis/ze credit in the sterling and dollar areas, respectively, in the mid-50s, when governmental regulations obstructed direct swapping of cash back and forth. With the aid of TATS deserving Anglofen could put shillings into the British branch and have them come out as 14@<¢>@ pieces from the American branch for purposes of paying FAPA dues, etc. Excess balances at either end are spent on native literature and riotous living, for export to the opposite branch and domestic consumption, respectively.