THE CHINA MAIL, SATURDAY, SEPTEMBER 3, 1949.
Pago
DOLLAR PROBLEMS STILL NOT ON WAY TO A SOLUTION
U.S. HELP WANTED FOR ASIA
New York, September 1. The British Government is ex- preted to propose a large invest- ment of American capital in South
Malnya during the coming con- ferene on Far Eastern affairs in the Washington
"New York The reported from Washington
Paris, September 1.
The European Marshall Plan Organisation today admitted that after two years of American astistance to` Europa the dollar problem is not on the way to a solution.
"The rate of progress of European recovery is not sufficient to achieve equilibrium by 1952, tor- get year of the Marshall planners," an official report declared.
East Asia and specifically In The seven-page report, softing out proposed Mar- shall Aid allocations for 1949-50, came from -the two "Wise Men" of the Organisations'
Boron Governing Council,
Charlos Snoy, Belgian Chairman, and M. Robert, Marjolin, the Secretary-General.
today.
The Brish air, said to have Title expectation thni Congress will opprove any form of Marshall And for the Far East at this time. Nevertheless, they think that Harogh the international Bunk or the Import-Export Bank or pos- sibly through money voted under enility and programites and carmarked for the Far East, large- scale investments could be made part of President Trumann's "Four Paint programme,
Tic Reque
probably
will British
the Jost In
that
months the stoppage of Ameri- can purchases of Malaya's prin cipal products, rubber, tin, lead hurt the and encox severely
han and territory's economy hampered the task of subduing Communist insurrection.
Pa counteract this the Britis invest- will proque farge dollar ments to extend and uprave rice and other food protitetion while reducing Madhavn's traditional de- pentence in costly the imports from Burns, Stat FLOKI trickcam Vila Remet
Russians' View Of The Crisis
Mo cos. Sigalienberi 1.
Bntain's request for $1,512.- 900.000 was cut by nearly one- third in the allocations "Bill" approved by the Council, The total European dollar demand
$5,200,000,000 of about
cut by $1,400,000,000.
WAIS
The Council said that it com! And no elution to the Sterling Area's doline export problem even though very special attention lusd been paid to it.
Britain is not the only country. is that position, but it would be Jess oble than any other country to cover in 1947-50 is gold and dollar deflett.
"The dolla The report said:
the improve- problem, despite
the ment in the situation Over last two years, is not on the way to a solution
Not Sufficient,
"it was at one time OUT belief that European recovery was proceeding fast enough to possible to achieve make it viability in 1952 we must now admit that the rate of progress Is not sufficient.
This is not solely Extropean problem. It is a problem for the United States an much Hi for Europe and also for the whole of the free cople,
Harriman'sTM
Statement On ERP Aid
Mr. United
Pária, September 1.
Averell Harriman. Am. States Roving bassador. tonight Issued statement welcoming the suc
of the Organisation for Co. European Economic Operation In sharing ouf Marshall Ald.
Cesa
"The
of
The achlevament QEEC in reaching agreement recommendations for the division of aid in the face of formidable difficultie has
ermias cleared the way for coming to grips with the fundamental problema stilt
br denit with," he sai1,
10 Blad tee that OEEC officials are emphasis ing the need for prompt and
action / far-reaching
the the arti. Organisation and cipating nations 16 European recovery."-Beuter,
DON IDDON'S
ខ ។
DIARY
If Uncle Sam Owed Us The Money....
New York, Tuesday.
there's cloudy talk of economic jevaporated? Better take the all- American medleine and you'll be
In this dream I had the other union of the United States and night America owed Britain the Britain. money."
wns in reverse price
wns
who
On Monday we aren't worth the of n cup of coffee. On
Everything und in detail
Tuesday the dollar and the pound It was America who had begaterling are going to be welded wor into one currency, and the Bri- gared herself fighting the from the first shot to the last. Ittish Empire and the United States
Amerten
had stood are to become one glant world- alone under the full fury of the wide unit,
You pay your five cents, look enemy attack.
It was Amerlen who had grate-at the calendar, and take your fully accepted bundles from Bri-choice. The wha tely, and. It was America
extremity of views had taken
over 50 old British Leing offered and the wildness of
solutions but not without first proposed
show destroyers,
that giving up lenses to important America in lost in the economie American bases.
labyrinth as we are.
In the drents American cities were bombed start hattered, and American civilians lay dead and dying on
Broadway and Fifth vente,
Across
Atlant Britain the first talked of neutrality while America bied,
instituted Cash Britain then and Carry, and later Lemi-Lense, bui always she insisted she was! not going to war,
vote.
now
A pet plan now being-peddled is that the American Treasury should raise the price of goki from 35 to 45 dollars an ounce. This trick, say the experts, would reise elght thousand million doi- lars without the taxpayer even Angering his small change.
Too-Slick Idea
It sounds too stick for me, and
no American is likely such a brainstorm.
Impression
That is
a new man overnight. what I says here.
New York feels positivets pineld compared with the capital. The business of electing the new is being carried out very mayor quietly.
The campaign could hardly be caliner. The only issue so far is
the
salary mayor's whether
ould be raised from $25,000 a
to $35,000.
Weathe
William
present mayor. O'Dwyer, who is a candidate to succeed himself, says yes.
Coalition His opponents-the
Morris and candidate Newbold the Socialist Vito Marcantonio.
So are most of are against it.
Uke They would the voters. their taxes cut not the salaries of their elected servants liked.
There is, also a compaign here to clenn up Times-square-New York's Piccadilly-circus and make !!
it "Everybody's home town, U.S.A."
Twenty-six hotels, have banded
to buy together and hired publicity men to expel the tax! dancers, laund.
just now.
colour.
Other local news includes the revival of square dancing in city parks and squares; a rush of bar- gain sales in department stores; the ebbing of the pollo epide. mie.
A Star's Job
Only One Vote The
is that every-er the bars, exercise the devilry Even three months before the thing can be solved by scratching and debauchery, and generally terrible sneak attuck on Scapa put a few figures and substitut-drape the fabulous crossroads In Flow Britain's Parliament ex-ing others, by palming coins, and Simon Pure garments.
I am against this reform. tended conscription by only one complex play with mirrors, col-
oured handkerchiefs and a
Already Times-square has been a pack Then, after the ntlack. Britain of carda-but no one is impress-shorn of much of its glamour and went into the struggle mightily, ed.
the war-time. and
partnership Anyway, I am glad to see that established Was
worked the British Press is replying to EXPL< sinoothly,
the pitch-throwing from this side. If we take all the abuse lying But one the way was won Bel-
"So tain, which had doubled her in- down and murmar
sorry.... dustial machine, abruptly cut all we want is our car fare," we oft Lend-Lease tu America, whose deserve to be treated as cravens.
Much
this better Wounds
were still open.
display
I had a farewell drink with Brilum wrangled interminality spirit, this show of honest anger.
Greer Garson, who will arrive in over lending Amerien à sum of this revelation of righteous con-
England tomorrow to make the Americans can understan.i terling
which was less than she deur. Perself and expended
"Mrs. Miniver" sequel. She told one them and respect them. in month of lighting, but later Keu- It is unfortunate that President me that out West the British are and con- erously financed the Bevin Plan. Truman should have so many tot being criticised
demned us they are in New York. During the post-war years Brl- troubles of his own
She said: "There's a tremen- tad enjoyed a record boom and They do not leave him much time
dously friendly feeling for the with, and prosperlly-age glut,
ple for high Anance,
British, and the financial business thora of material goods, while the
Cut For Arms
hasn't changed it at all, Lnfortunate Americans, trying to kive a better deal to the comman
The Truman Administration 19 shouldn't get so upset so you
Herce - fre. Its foreign woman, suffered aus.
and policy is being flogged, and the ferity, grinding shortage. ultimately became the target for House of Representatives has cut in nif the appropriatlon for constant abuse and attack.
Miss Garson has dong" won Much British money, "All participating countries will
it seemed, arms for the Atlantic Allies. receive not only fewer dollars
This is a strange sequel to the derful job for Britain here-shu was being squandered by Ameri- than they requested but even less
Is brilliant as well as beautiful. Atlantic Pact. politicans. shortage can than they themselves consider as talks by tomorrow night, offelals It was just when America was Europeans, to fight with broken
Perhaps the politicians expect Give her a good reception.
Heard around town: Victory, deperibing the all-ul the irreducible minimum. The stated today.
pointing out she couldn't buy battle holwren
British The preliminary conterence of any more. and [only possible solution is an equit-
Government has bottles and walking sticks. dealing with the doller now une jable distribution of the reducilous experts has been engaged
on Socialism since she had no
Judging by some of the gibes, put its emphasis sterling, and Just
rather than solvency. dertakin i1 dielne assal aggainst the price policy which such a position is bound 16 Saturday in discussions to prepare when Malor Murphy, proprietor Europeans do not rate anything
the entail."
the way for the Ministers' con-
better. We are decadent, worn The American hand that giveth of the bellicone Birmingham Tri- ference.
out, Americans
Hired,
could also old-fashioned:
ba the hand that British officials express grati-ne was calling the Americans morale is sapped by Socialism. taketh away. WATA dedet zainud
stablish
deation at the sympathetic cons-a bunch of mendicants, beggars and we have no ambition, energy Footnote: The dollar has now hegemony of the doll in order toetssiderably increase Ameri-
deration given by American and and panhandlers, that I woke up.
Jor incentive left.
become a medium of exchange Canadian ofliclaly to a British A pity, ean inckels and try to avert t
which Americans don't want to stateinent on her position and the least an American economie crisis.
exchange. Wall Street's efforts to devalue
causes of the recent drain on her gold and dollar reserves. the pourul
uul are not calculated to
This statement was reduce priers of British
this end.
A "Pravda" combientador said The fundamentals of Ubis probe today that the Washingtea pronne lem must be reconsidered at મ As soon as pre- nde hath cannot solve the "pro- very curly date, Found cuffesences beteren B-sent difficulties have been over- come, the Organisation will have are and the Urujeet States.
Voda u Victory, wrthing in the to concentrate all its energies to
"NG party paper, said:
matter what as the outcome of the Was of who mutual double-cross, sint resolve the centra thetan Between the red States fed Britain and will not aver! further Landschungen of Those con
flay
Cortina:
ks, regat Be
the dollar
ta
es
goods bust to liquidate the whole Onan- rial systein known as the sterling bloc, he said.--United Press.
Death Of Dollfuss' Assassin
"The maunt of aid available is not sufficient to meet all deficits. as they have been increased by the recent decline in Europe's got and dollar earnings.
Fine Achievement
M. Marjolin told a press con. ference that the unanimous adoption of the report by the Council was one of the finest demonstrations of European co. operation.
"It is easy to co-operate when things are going well," he said.
The Organisation has proposed division of the anticipated $3,776,-
|
TALKS ON DOLLAR CRISIS
Washington, September 1. British, Canadian and United Stutes technient experts in con- ference here expect to complete a draft agenda for next week's three-Power
dollors
presented
British goods because
Alley-Cat Brawl
I would have liked to have slept a little longer and
seen
by, the head of the British dele- whether Britain came across, or
gallon, Sir Henry Wilson-Smith. whether the famous Anglo- The Sub-Committee's technical American partnership ended in an
brawl,
studying
500,000 for 1940-50 as follows: conference are expected to com- alley-cat clawing match and
Austria, $174,100,000; Denmark.plete their work tomorrow." $91,000,000; France, $704,000,000; Greetc, $163,500,000; Indonesia. $39,200,000; Ireland, $47,000,000;
They have been
The conscious world just now such questions as how American ofters no more clues to the up- Customs procedure could be shot than the dream world.
implified to increase the flow In fact, some of the schemes of British goods to the Ameri- being alred here read, ilko aber can market, and how British
rutiona..
production coats could be brought down.
One day the Press and politic-
Iceland, $7,300,000: Italy, $407.- 000,000; Norway. $94,000,000: The Netherlands, $270,000,000; Portu- gul, $33,000,000; United Kingdom. S002,000,000: Sweden, $48,000,000; Turkey. $61,700,000; Blzone, $281,-
They also discussed how British luns thunder that we are not go- 700,000; French Zone of Germany, salesmanship and merchandising ing to receive another dime, and $86,500,000; Trieste, $41,000,000; in the United States could be Im-that we are being run by a group been chielly responsible for the Belgium-Luxembourg, $312,500,-proved, and other means of ex-of Invalids who should be in assassination of the Austrien 000.-Reuter.
Rome, September 1.
Ott Wechter, believed to have
Chancellor, Dollfuss. In 1934, has thed, unknown and unrecognised,
in Rome hospital.
Wechter, former German Mili- lary Governor of Lemberg Pro- vince in Poland and an S.S. ica- der, was known up to the lime of his death, a few weeks ago, as Belkhardt.
Rome police said it had only been established today thal Rein-; hardt was, in fact, Wechier.
They sold that Wochter had apparently escaped from Poland ufter the Russian occupation and had been interned, with a group of anti-Communist Poles, in the American zone of Germany.
punding-Reuter,
wheel-chairs, The next
day
Germans "Invade” U.S. Zone For Celebration Of "Peace Day”
and
Waves of others
A constabulary officer near Coburg said that one train ho saw arrive from the East Zone
Neustadt, September 1.
and followed, Trucks, motor cycles Crowds of Soviet Zone Ger- surging ACROSS She Trontler bicycles streamed past American mans, estinated
15,000 through the fields, Iorests and Zone guards, who were unable to with nuither Soviet stem the tide, the officer added. strong, today brushed past West roads,
Reports tonight indicated that soldiers and Soviet border police German frontier guards
the traffic was not all one-way. American patrols to invade" taking any action.
Some Germuns from the Ameri- the United States Zone as part
can Zone were reported to have From the American zone he is of a "Peace Day celebration
taken advantage of the confusion believed to have escaped over the commemorating the 10th an-
to croes Into the Soviet Zone, mountains into Italy, where ho niversary of the
estimated outbreak of looked like refuges train, but the German police had been living for some three World War II.
with people draped over the that nine Germans headed, West Meny of the Germans had been
roofs, out of windows and even for every one who went East, Wechter is known to have been brought to the zonal border in
on the locomotive. in Rome for six months
four special trains from Sonnen-
Uniformed members of the The were emblazoned with bannes dociar Soviet Zone's Free German Youth Organisation arrived, by cars at ing "We Promote Peace."
A security officer of the Mil-Kodac, in the United States Zone, tary Government tonight said this afternoon and vainly tried
demonstration. that many of the "peace invaders" to organise
years.
his death.-Reuter.
before
DISPUTE OVER
RICE SHARING
Washington, September 1.
in fact carried household · goods
and heavy atalionsés, suggesting
The Rice Committee of the that their journey was prompted International Emergency Food by other motives.
"They are sill coming and it Council met today but reached is impossible to stop it, this no decision on whether to dia-Duicer mid. He reported frontier- continue the allocation method | crossings at various places. under which global rice (sup-, Military Government officials plles have been controlled since here said that both the West Ger-
flan and American frontier In the last session, Burma led patrols were powerless to stop the a move to abolish, allocations, with surge of the "peace Invaders.” Britain heading
Couldn't Be Stopped Bgroup which favoured their continuance, Siam. "Nothing short of burbed wire and the United States were non- and machine-gunk could have comunitiol.
stopped them.” said one Ameri-
As an example of the present can loficer, adding that on an system, Joplin was allowed in average there were only throe 1949 a total of 180,000 tons of guards to every five-alghtbs of o rice, thostly from Slam and mile of troniler Burma, But Army sources, esti- - Officiala, said that the "Inva ""thaled" "that" if allocations are sion" began when about 100 „Abellábárary apus. would, enter, the Cleripens walled unchallenged world market for 300,000 to 490, past, the guards-on 23 United 2000-bone next juste. Aameliad dtaler side of the, fronding #about
Some of the people who crossed the border told newspapermen that they had been told by the
to be. Eastern Zone authorities back tonight Others, however, said that they had permission to remain on the Western Zone side overnight-Reuter,
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