AMERICAN STAND
DOLLAR POOL MUST GO
Rec. noon.-
NEW YORK, March 15
The Washington correspondent of the "New York Journal of Commerce" says that the Assistant Secretary .of the Treasury, Dr. Harry White, said in a statement that the British wartime arrangement for pooling and allocating the dollar balances of the Empire countries must be discontinued if the Bretton Woods agreements are to be ratified.
Dr. White said there was nothing in the Bretton Woods plans to forbid the continuance of a sterling area as a mechanism through which the Empire countries voluntarily would carry large balances-with the British. Compulsion or blocking of balances would be forbidden.
The wartime dollar pool also would be discontinued after the war.
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Bibliographic details
Evening Post, Volume CXXXIX, Issue 64, 16 March 1945, Page 6
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118AMERICAN STAND Evening Post, Volume CXXXIX, Issue 64, 16 March 1945, Page 6
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