MORE OPTIMISM OVER TALKS ON PAYMENTS Cripps' Last-Minute Concession To Belgium CHANGE IN ATMOSPHERE
Paris, June 29.
The 19-nation Marshal Aid talks broke up in an optimistic mood after a three-hour meeting here today. They will resume tomor- row to consider a new Belgian compromise plan on the intra- European payments scheme.
The new plan was brought forward by Belgium's caretaker Prime Minister, M. Paul-Henri Spaak, in a move to narrow the gap between the oppos- ing viewpoints of Britain and Belgium over a new scheme for trading within Western Europe.
Circles close to the OEEC say that Sir Stafford Cripps, British Chancellor of the Exchequer, agreed in the last five minutes of the meeting to con- sider M. Spaak's new compromise proposal.
Differences over the European | The plan would, on the other slon on the erials, according to certain the "New York Times" diplomatic deslumed payments scheme,
to hond, provide for a trade transferability of drawing rights, correspondent. encourage Intra-European
He is also likely to discuss the within the Marshall Plan, arose with technical measures to pre-
skluation with over
Belgium's demand, sup-vent a drain of gold and dollars world economic
Finance
Minis Commonwealth ported by the United States, that from Britain to Belgium.
The compromise scheme is not ters, due to meet in London next owent by one country to money another should be available for entirely on the lines of the speech month. purchases in other countries bo- mnde by Sir Stafford Cripps at sides the creditor country.
the beginning of today's meeting.
cour
Britain bas opposed this on the ground that it would involve further drain on her dollar and gold resources, since transferable credits would eventually fall into the hands of countries
with a
trading balance like Belgium
hich would be entitled
repayment i
In
gold or dollars.
clatm
new Belgian compromise
plan would apparently eliminate
Good Chango
But Bir Stafford is described by leading delegates from other countries as having been in a vory concillatory mood. They wald that he was quite
from the foront Chancellor he was last week.
man
all suggestion at present of con- One delegate auld that when
agreed vertility into llurs or dra-Sir Stafford
ly wanted.
"The
THE CHINA MAIL, FIUDAY, JULY 1, 1960,
MEETING OF EMPIRE MINISTERS.
London, June 20, The British Government announced tonight that it has proposed a menting of Com- monwealth Finance Ministers. In London towards the mid- dle of next month to discuss the dollar situation.
Correspondence with the other Commonwealth Gov- ernments
still proceeding
com=
and a further announcement will be made on the pletion of the arrangements
The announcement,
con-
firming reports of an earl
Commonwealth economio con. forence, anid: "The dolfar situation which is ongeping of the attention the clope United Kingdom Government is one that affects the Gov- All the Com- eraments of monwealth countries. In ac- cordance with the practice consultation between hore of bara
mem.
the Commonwealth on matters of common con-
the corn, tro United Kingdom Government have thought le right to suggest to the other Governments that Finance Ministers should meel In London for discussion towards the middle of next month."
En Naw
Delhi, the Indian Government announced night that it has accepted the British Invitation.
to.
The announcement sald that the Indian Finance Minister, Dr. John Matthal, will repre- sont india at the conference. The Financo
Ministry an nounced that correspondence batween Britain and the other Commonwealth Governments is still proceeding and a fur- ther announcement will ho The newspaper said that British fold had
the United
mado when arrangements are omcials States Government
completed-Reuter. that Britain intends to "make another sub- stantial cut in her imports from during the America some time the next three weeks.
Aussio Stand
Ottawa-Canada is
for a loan.
unable at
Malaya Planning
Aid UK
To
Malaya
Singapore, June 30.
new
dollar
la considering
trim her best to
of Britain's
P.A.B. McKerron,
Colonial
CANADIAN LOAN TO BRITAIN
OUT OF QUESTION
Ottawa, June 30.
Thoro is no chance that Canada can again come to Britain's aid by making a loan to the mother country, an informed source sold here today. Canada's own dollar shortage precludes any help
she would like to give to help Britain in staving. off economic crisis, the source explained.
There
that are indications Canada might be reluctant even to send the Finance Minister, Douglas Abbott, to next week's meeting of the British Common-
Ministers wealth Finance tackle the problem of overcoming United Kingdom's critical dollar shortage :
to
One of the problems Mr. Ab. bott might have to face in Lon- don, the
sald, would be
the direct
Fouqucation
of another
long-term loan to Britain.
ACHESON ON THE CRISIS
Washington, June 30. The U.S. Secretary of State. Dean Acheson, today expressed
The last of the $1,250,000,000 confidence that the combined which Britain borrowed from statesmenship of the Western Canada in 1940 is now being used powers will be able to solve at the rate of $10,000,000 a month Britain's financial difficulties. and all is expected to be gone by January 1, 1831.
Visit To U.S.
•
on
He made this remark at a news conference, commenting
the American Secretary of the Trea- sury, John Snyder's, visit to Europe early in July.
if Canada don decide to sand Mr. Abbott to London, the source
predicted, he will first make quick trip to Mr. Acheson said he has been Washington to talk ovar, the giving the British financial situa- British crisis
with U.9. Gov- tion considerable thought but de- ernment exporte
clined to say what his views are. The source stated: "Mr. Ab- Mr. Acheson said that Mr. bott will want to know what Snyder's trip was planned some the chances are of future ECA ume ago, primarily
to handle funds and
trade U.S. Treasury business, but it a reciprocal
wa British agreement getting Congressional was not desirable that he talk approval, He will also want to with
officials regarding know if the U.S. will consider Britain's growing dollar shortage
Britain's current giving the United Kingdom fur- and
export ald other ther economic
than drive. under the European recovery pro- Meanwhile, it is learned that gramme,"
Mr. Snyder plane to be away for three weeks and to vluit with the Al- eight countries
Canada will watch closely to see what the U.S. may say or do before she takes any action of her own, the source added.—As- sociated Press.
ENOUGH BOMBS FOR WAR NOW
df- rigid at Brussels present to make further loans to Britain or the Sterling Area, a usually rellable source said here. There are some indications that to discuss
Canada may
be reluctant to send ing rights which both the Bel-the compromise proposal put for
Finance Minister, Mr. how glans and the Americans original ward by M. Spook, this produced the
a complete change in the hitherto Commonwealth dollar talks
Douglos Abbott, to
to next month's expenditure in Lace
Washington, June 20. dollar crisis, bo-
The American magazine, the tense atmosphere.
the Dominion does not Secretary-General of the cause O.E.E.C. Mr. Robert Marjolin, want to have to refuse a request Secretary in Singapore, said today United States News, said today that methods are being examined that the United States now has snld after 50id
today's meeting he for a loan.
by the Singapore Export Advisory enough atom bombs to fight a Canberra: Australia's Minister Board.
major war, and all-out produc- thinks there is now a 90 per cent
atom will provide 1,000 "We are endeavouring at all tion chance of reaching definite agree- of Defence and Post-war Recon-
Mr. John J. Dedman, times to aid Britain by using na bombs in two years. struction, ment tomorrow.
will represent the Dominion at little dollar exchange as possible," The British Chancellor's last
The magazine claimed that minute, agreement to consider a the forthcoming Commonwealth Mr. McKerron (said.
talks in London, it was authorita-
computations based on informa- до Ho reported that
official compromise proposal came as a
here. tively stated
message had been received from tion publicly available show that surprise-particularly since
the United States has built up a London about the crisis.
"been hit minimum stockpile of between Malaya herself has has adopted the Australian News Bureau, said
200 and 230 atoms, but some of that the London talks will be held badly recently by a drop in her
In the third week of July, own dollar earnings.Associated estimates pince the-figure as high
Press.
as 400.
MANILA STREET
BATTLE
Bslg
સ
ed the
in his opening speech he reiternt- Manila, June 30,
position he
recent weeks
A bitter political war involy-throughout
ing City Government
officials inc. now think that the
flared into a gun battle hear
Government s much Bri- with gok! losses
the City Hall late yesterday, British resulting in the death of one more pre-occupient Councillor's bodyguard and the tain's real crisis of wounding of three employees and fall in dollar earnings, and is therefore willing to compromise of another Councillor.
on the European payments pro- blem to get it out of the way.
him.
mediately after the gunfight,
The man killed was Florenelo
World Reaction
The announcement,
quoted by
Mr. Joseph B. Chifley, Aust- ralian Prime Minister, is deter mined to co-operate with Bri. tain to the limit on dollar con- Bervation, a Government "po- kasman said today.
India Anxious
Colombo-Finance Minister,
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Mr. Snyder will visit Treasury Britain, Department offices Belgium, Baly, Switzerland. Egypt and Sweden. He will travel In a plane belonging to the US. Coast Guard.—Associated Press.
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ENVOY CALLED BACK TO UK
Washington, June 30. The British Embassy announced today that the Ambassador, Sir Oliver Franks, left New York for London by plane for consultations with the British Government,
A British Embassy spokesman "The British Ambassador is said: flying from New York to London for consultations.
The Ambassader had planned to call for consultations on Thurs- day from New York in the Queen The magazine quoted Dr. Op-Elizabeth but conversations al penhelmer, the atom scientist, as ready going on in London had estimating that, with all-out pro- progressed more rapidly than ex- duction, the United States can pected and the Foreign Office sug- build up 1,000 alom bombs in gested that he try to arrive two years.
carlier."
The reference to London con-
A spokesman for the Ainmle versations was not further cx- Energy Commission declined to plained.--Associated Press, tay whether the magazine's figures are correct.-Router,
BRITISH ENVOY SEES VYSHINSKY
LOCUST THREAT
TO PAKISTAN
the police arrested Ricardo de la
It is thought here that for the Fuente, 22, son of Mayor Manuel sake of a quick settlement Bri- de la Fuente, and Ludgerlo Ortain may be willing to accept a Mr. J. R, Jayewardene, who will
Prague, June 29, ploda, 20, bodyguard of Councillor mall loss in the total dollar ald attend the Commonwealth crisis reported today in Czechoslo- The first serious violence was Isauro Santiago, Santingo him-
she will receive for the second talks in London, will fly there on vakia's self were involved in the shoot-
church-State conflict ing and the pollee are looking for year of the Marshall Pinn.
July 15 after he has presented his with tommy gun-armed militia- budget to Parliament in Colombo.
Karachi, June 29. Until his arrival Ceylon will be men subduing Catholics.
The Pakistani Director of Plant A Church source reported that
Protection sold in A represented by her High Commis-
report Bagol, 34, bodyguard of Councillor Cables from various world sioner in London, Str
published here today that locusts, Oliver the police subdued a minor up- Andre Santa Maria. Seriously capitals told today of the follow-Gaonetilleke.
Moscow, June 30. rising of Catholic parishioners in
breeding in millions in Arabia, Sir David Kelly, Britain's new wounded was Narciso Camposuing reaction to Brillain's gold and
four villages in the Turcansky-
are a serious threat to Pakistani New Delhi:-India is likely to Svaty-Martin area. The uprising Ambassador to Moscow, saw Ari- grado, 21, another bodyguard of dollar troubles:
and her neighbours. throw
all her weight against any was precipiated on Sunday by a dre! Vyshinsky, Soviet Foreign Councillor Santiago. Miss Evan- WashingtonThe United States suggestion for devaluing Sterling, police attempt to arrest four local Minister, yesterday. He discuss number of locusts
The report said that a fair has already Secretary of Slote, Mr.
to Dean according
Usually Santiago, and Alejandro Rivera, Acheson, sold he hopes a British sources here.
rellable
od with Mr. Vyshinsky the priests.
reached Baluchistan Province, 19, Santiago's chauffeur, were
there is widespread uninent presentation Meanwhile,
of his cre- close to the Persian Gulf, and both wounded in the leg.
economic crisis
The Finance Minister, Dr. John speculation can be avoided
about Archbishop dentials at the Kremlin.
some have been found fartfler through the
combined lates- Makthai, who will represent India, Beran's failure to emerge from his After the presentation to Pre-Bouth in Sind Province. Condit- mahship of the Western Powers. at the Commonwealth talks, said police-guarded palace to say the rident Shvernik, Sir David will fons are good for summer breed-
today that India's dollar position graduating Mass at Vojtech start on a round of diplomatie Ing. the Director ported. Asked if he believes that the has caused considerable anxiety. Seminary as has been his custom calls-Associated Pres United States should take any-Reuter. action, and what that action should be, he said that discus. elan of that paint would not ba telpful at prosent,
geline Reyes, 20, secretary ot
The shooting apparently started during an interchange of hot words between Santiago and young do la Fuente. Santiago and Mayor de la Fuente pre bitter political enemies and Santiago recently was suspended as Coun- cillor by the Secretary of the Interior.
The police are still investigating In an effort to determine how the
for years-United Press.
Mr. John W. Snyder, Secretary BY SKYMASTER with Sleeper Seats
of the United States Treasury, is
shooting started and who shot at expected to medt Sir Stafford whom.--United Press,
Cripps in London soen for discus-
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