ARGENTINA WILL TAKE STERLING

Press, Volume LXXXIII, Issue 25299, 26 September 1947, Page 7

ARGENTINA WILL TAKE STERLING

GOLD GUARANTEE FOR BRITISH PAYMENTS

(Rec. 8 p.m.) BUENOS AIRES, September 24. The United Press learns that Argentina will continue to accept blocked

sterling in payment of exports to Britain, but the sterling credited to it will have a gold guarantee against any possible devaluation of British currency. This solution, says the correspondent, was proposed by the British Ambassador to Argentina (Sir

Reginald Leeper) to the Argentine Foreign Minister (Mr Juan Bramuglia) and will be approved finally at an Argentine Cabinet meeting tomorrow.

It is said that the idea behind the gold guarantee is to prevent a decline in the exchange value of Argentine pesos if the pound sterling should be devalued.

LIFTING OF WHALING RESTRICTIONS

STEP URGED TO HELP EUROPE (Special Correspondent N.Z.P.A.) (Rec. 7 p.m.) LONDON, September 24. The “Evening Standard” says: “Millions of Europeans are less interested ip preserving the profits of the whaling trade than in preserving the health of their children.” It adds that the total world deficiency in oils and fats was recently estimated at 4,000,000 tons, compared with pre-war supplies, and suggests that the lifting of the whaling restrictions for two or three years should increase the supply of whale oil by at least 100,000 tons. This would be equivalent to several million tons of margarine and a contribution of some £20,000,000 towards Western Europe’s shortage of external exchange.

The “Evening Standard” urges the British’ Government to request a revision of the present whaling agreement, which it claims is not only a restraint upon the trade but a restraint upon the health and prosperity of the people of Europe.

BRITISH BOYCOTT OF LONGER SKIRT

DESIGNERS RESPOND TO MINISTER’S APPEAL (Rec. 7 p.m.) LONDON, September 25. Britain has officially adopted the 14 inches from the ground skirt. After the President of the Board of Trade (Sjr Stafford Cripps) had appealed to designers to keep the short skirt popular. the British Guild of Creative Designers told the Board of Trade that they would boycott the eight inches from the ground skirt to save material. Mr Henry Scott, the guild’s chairman, said: “It is ridiculous for Britain to yield to Paris’s irresponsible introduction of the longer skirt. We just haven’t the material.”

ATOM BOMB SHELTER FOR “TRIBUNE”

CHICAGO NEWSPAPER’S PRECAUTION

(Rec. 10 p.m.) NEW YORK, Sept. 25. The Chicago “Tribune” announced to-day that an atom bomb shelter would be built under the “Tribune” building. A notice in to-day’s issue of the newspaper says that measures are being undertaken by the “Tribune” to protect as far as possible its employees and tenants in the event of an atom bomb attack on Chicago. It adds that preliminary surveys Indicate that the shelter should be effective protection for a maximum of 3000 persons against primary blast and the heat released by an atom bomb.

Fighting in Greece.—The Greek Minister of War (Mr George Stratos) said that in the last 48 hours the Army had killed 137 guerrillas and captured 167. Operations were going well, with the guerrillas avoiding battle in the mop-ping-up areas.—Athens, September 24.