THE CHINA MAIL, TUESDAY, JULY 12, 1949.
BRITAIN NOT ASKING SNYDER'S RETICENCE
FOR MORE AID BY U.S. Financial Assistance Not The Remedy
MAJOR ACHIEVEMENT
London, July 10.
Britain, in the secret dollar-sterling crisis talks ended here today, made it clear to the United States and Canada that she is not asking for more Marshall Aid, informed quarters here said to- night.
Britain stands by the arrangement under which, on her own suggestion, her allocation of $1,263,000,000, for this year was cut by a quarter to $940,000,000,
The trend of the discussions on this point was reflected in a phrase in the official communique—”“All agreed that remedies other than financial assistance such as that provided by the United States and Canada must bo explored."
SNYDER'S TRIP TO BELGIUM
Brussels, July 10."
United Mr. John Snyder, States Secretary of the Trea- aury, arrived here by air lo- He was night from London. accompanied by two American Treasury officials.
The United States Embassy sad That Mr. Snyder is visitour Brasi
|
Political quarters major achievement
consider of the talks
is to set the stage for a Seplom her "Big Three" Washington con- ference to find means of bringing the sterling and dullar economics
halmer Tha
varings measures discussed
and
In the discussion of her own
aston of Sterling Aren dollar im-
parin-is already in being.
But newspaper speculation on forthcoming 25 per cent eut in the dollar buying of the Sterling Aren is treated with contion bay aut observers here. They point
the
problem of thr that
so much Commonwealth is not one of impmi cutting be of ways of
for
Washington Relieved By Agreement
Washington, July 10.
The agreement between Sir James
Stafford Crippa and -Snyder appears to some ex- perte in Washington today to have steared both nations away
from what officials consider the most in the dangerous possibility present British economic
crisis.
American
That is the possibility that Britain. In order to look eco- nomic stability would, as matter of policy, swing away from the Amerkan financial system and toward eventual strengthening of the Starting
bloc no that the "Western" world would be divided into two trade systems:
The communique issued in London strongly re-affirmed the present policy on this point in discussing a pattern of world trade-Associated Press.
SENATOR'S GLOOMY FORECAST
Frankfurt, July 10. A U. S. Senator, Allen J. El- Jender, warned today: "All the American dollars won't save Euope from Communism un- less the common man's wages are adjusted to the high cost of living."
No Commitments
Made By U.S.
London, July 10. The reticence of today's official communique on the Anglo-American-Canadian dollar-sterling talks and the still greater reticence of Mr. John Snyder, United States Secretary of the Treasury, in his comments on it may be significant.
It seems clear that Mr. Snyder--to use his own phrase "listened sympathetically" to the It British proposals for short-term remedies. seems equally clear that he made no commit- ments about "them.
Most of the possible measures would
require Congressional action. No American-official- ean. commit Congress, which will shortly be adjourning.
Mr. Snyder's known alm is to re-unite the hard and soft cur- rency areas. Otherwise, many Americans fear,
Iron another Curtain will be drawn across the world.
It
Gruesome
Story Of Sacrifice
Margherita, Assam.
July 11. Head hunting hill tribesmen frontier on the Assam-Burma
Mr. is known also that Snyder feels that prerequisite is for the British to reduce their prices and casts, so as to make Their goods more attractive to rejected a 13-year-old boy with American buyers.
skin sores as unfit for sacrifice The British suggestions toto propitiate their gods. which Mr. Snyder Listenerl have in- sympathetically may
The boy, son of a Margherita cluded melisures to facilitate railway employce, struggled back sacrifeni British home from the tribni
altar in the dense jungle.
American goods.
of imports
U.S. Tariff
in no
to
aze
He told a harrowing tale the police here. He said that two hearded men captured him led him at dagger point to the tungle, where they led him to a tree. He lost consciousness.
was
Mr. Paul G. Hoffman, Ecano. mie Co-Operation Administra tor, has indicated his opinion,
that
the however.
withough
He woke up before the image United States tariff le not like-
raised it of the tribal god which ly to be appreciably
flanked by five human heads- is also unlikely to be slashed.
commit presumably of previous victims. Mr. Snyder did nut Arriving in Frankfurt by plane
His captors who were ollering on a tour of Europe, the Demo. himself-he said he was
chook their heads on finding thr cral Senator from Louisiana said: position to do so-about Amer-Prayers stripped him naked but sores on his hedy, the boy told "In all the countries I bave ican strategic stock plle.
State De- the police. The United States visited, except Holland, there has been no attempt in adjust wages partment has expressed the opin- ion that such purchases could at cost of living, which is to the far too high. Most people have most give only very limited and to spend FB per cent of their Intemporary relief.
American private or public in. corse for food alone."
Areu vestments in the Sterling would be another possible source of dollars for Britain, but plain from the mood of Congress and of American business this could be only a gradual pro-
for a solution of the immunitate dilemma of the Sterling Area -
únbalance riing the the sharp fall in gold and dollar
Stering and dollar economtes. reserves--will be the subject of Abs- continuing
No Devaluation Innertate apl
the B cussions between
Brussels Before leaving this evening Mr. Snyder told re- United States and Canada at i-
tal fevet,
porters at Northolt Airport, near They will he carried on mainly son: "I think the talks served
Wishindon Lander
a useful purpose. through the Treasury delegation
"We listened sympathetically to In the other's
the of euch country
officials the conversations and laiet
ground-work for
for further studies, capitals, with Canadian
Snyder re-iterated his sels for a conferemer with Mr.taking part.
view that the proper place for James E. Wood, representative of
inters the International Monetary Fund,
The Senator is gloomy about which
its annual meeting holds in Washington in mid-September. Britain's chances for economic re-
He said he could not enlarguļ covery,
short-term on the
uf subject
"I don't think Britain can over measures, Questions on that point; make a go of it unless she learns should be
be addressed to the Bri- to move her factories out of the British Isles and near their source Asked ab
about devaluation of The Pound, Mr. Snyder replied: " always sold it never would be devalued!". Questioned
American about
other here.
made
D
the United States Treasury and cullies and, those of the Ster-discussion of exchange
members of the Embassying Area, Britain
formal approach to America for a relaxation of Chutise 9 of the clause.
wili
It la understerni that Mr. Suv | Anglo-American Joan agreements
non-liset imination" ler will hav; important financial the talics with metabors of the Bel-This provides that Britaini gian Government
hot setup import quotas which Mt. would discriminte against Amer- will call on Mr. Suyder Gaston Evskens, Belgium's "rare-ean goods.
The Unites States Secretary of taker Finance Minister, tumor-
John Snyder, row afternoon and will also visit the Treasury, Mr. Mr. Maurice Frere, Governor of at one of his press
gave what is interpreted as a hint the Belgian National Bank.
Spnak
conferences,
il
Hich Government,
of raw materials," he saki,
She must develop her Empire.
Bri-
cess.
"Living Too Woll"
it is
that
She is living on a false economy."
other "Measures
than. Bu ... "1 am sympathetic to
"wast hercial aid" might mean a stabilisa- tain," he added.
tion fund to underwrite a return to succeed.
that his country, If convinest purchases of raw materials from would help general trade reihe Sterling Area, he anid: "I am covery, might Approve conces-
in no position is make commit-all the house down around all American view is that the pros-
No special arrangements for x meeting between Mr. Snyder
sions a and Mr. Paul-Henri
Minister and embraced by the Prime Belgian
the Organisation fur European Chairman of for European Economic
Operation operation.
60 far
made.
have
Co been
Mr. Surder is, however, expeel-
ed to call on Mr. Spaak.
The
two men will have an opportunity views foinorrow
to night
exchange
ut a dimme parly to be
given in Mr. Snyder's honour by
M. Eyskeus-Reuter.
Move To
Reduce
Arms Plan
Washington, July 10.
of countriesments about thai," the group
Organisation Economic Cu-
Delicate Aspects
The question has delicate av. will undoubtedly pects, which be studied by the Finance Minis
Commonwealth tera of the
conference during their
Area problems. conference opens Thursday.
Sterling
U.S. Buying
"But I do not want Britain to
to convertibility. The known
have pects of this depend on internal effort. We of us in that
Britain and other already gone so far that our own policies in econviny is endangered."-Assu- counbles.
Press.
He repented his remark ut his clated press conference yesterday American buying shoulți
that revive
dis-
GANDHI'S VOICE
that
They took him from the pre- sence of the tribal god and threw him on to
and Jungle track
Pajra, a vila- abandoned him. cer, picked him up, unconscious managed to get him back to his parents.- next morning and
scoured the The police then
found no trace of Jungle, but the head-hunting Naga tribesmen, who lately had been thought to
their have given up
gruesome sacrifices.
This is the first report of head- Junting for
months. sverat Reuter.
DYNAMITE BOMB
Havana, July 10,
today dis-
The police early
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her covered a potent dynamite bomb Hong Kong & Shanghai Bank Bldg.
The Americans consider Britain
is ring beyond means, and, they argue That if she continues to do
they stabilisation would expect such n as soon as the present American
another business re-adjustment is over,
funt to become merely It is understood that the
New Delhi, July 10
"hand out"
to provide unlikely The Government plans to pie- oncussions, which had earlier been
permanent remedy.
the This thought to have virluntly
what
Americans ended serve Mchatma Gandhi's voice for
Given would here on last night, were continued today posterity.
right policies as the regard staikur: until
before shortly
p.m. The Government radio
on the British side, it could in 150 recordings vi London time when the communi. has a set of
Gandhi's speeches. Most of them the American view become a real que was finally approved.
ad-international banking operation were ni his evening prayer The setting for the final con-
Observers think it could be group argued that the O.EE.C.
i
metudes the Commonwealth, as for the purpose of Marshall Ald versations was the garden of Mr. dresses. It proposes to send them which would appeal much more one Atlee's country house at Che-abroad for permanent recording to the American Government and The whole Sterling Area is
quers, near London, where the
!!!
Britain, in making extra dun-American and Canadian Ministers cessions to imports from Europe. had been entertained at lunch. naturaally could not refuse The British Ministers present similar concessions to her Com-included Sir Stafford Cripps, the monwealth,
Foreign Secretary, Mr. Ernest British proposals to meet the Bevin, and the Minister of Tratle,
will be Mr. Harold Wlison. A move to reduce the Ad-Immediate dollar crisis
shortly the Commonwealth ministration's proposed US$-laid before
Masters by the Chancellor of afterwards for Northoli 1,450,000,000 foreign arms pro-
exchequer,
Stafford on his Sir
why by air to Brussels.
the
Mr. Snyder left by ear Airport
gramme appears to be develop Cripps. He will also indicate the Shortly after Mr. Snyder left ing in Congress today in ad-reactions and suggestions of Mr. for Brussels, Mr. Averell Harri
nan, Marshall Ald roving Am-| vance of the bill's actual sub- Snyder.
The Arst of the British prebossador, took off for mission.
posals-the three months' suspen-Reuter..
opposition With
developing with again,
sending military supplies there are signs that sup- porters of the programme may be willing to cut the funds for helping Western European na- tions below the US$1,130,000,000 expected to be earmarked that purpose by the State De- partment.
for
The chairman of the Foreign Relations Committeo,
Senator Tom Connally, said that it will be up to Congress to decide how much to spend, but there are signs that if ways could be found to cut the amount, Mr. Conriatly would not be adverse to such
action. The debate resumes un Monday on the Atlantic Pact. Associated Press.
CLOSE WATCH ON RED SHIP
Philadelphia, July 10, The Coast Guard today main- tained close watch over the Rus
lan freighter Ditry Donskoy, There was no explanation from the Federal Luthorities.
1m-
The Donskoy anchored in the Delaware River last night. mediately Coast Guard patrol craft began to circle' it, intercept- ing all approaching craft, River-
front sources believe the watch is
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