ANGLO-AMERICAN TALKS ON EMPIRE PREFERENCES
WASHINGTON, June 11. While the Congressional battle over the allocation of foreign aid funds continues unabated, Britain is negotiating with the United States on questions of Empire preferences and possible devaluation of the pound. British officials are concerned over two clauses of the draft aid agreement between Britain and the United States which would require Britain to consult the United States—whenever the United States wished—on the lowering of Empire preferences and possible devaluation.
Tire British officials do not believe the insertion of such clauses foreshadows the United States demanding of concessions, but they feel that the present wording does imply a lack of equality between the two signatories. They believe this should be corrected before the final pact is concluded. The other 15 European nations in the Marshall Plan are also negotiating with the State Department on permanent agreements to fix the terms of aid.
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Gisborne Herald, Volume LXXV, Issue 22663, 14 June 1948, Page 5
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150ANGLO-AMERICAN TALKS ON EMPIRE PREFERENCES Gisborne Herald, Volume LXXV, Issue 22663, 14 June 1948, Page 5
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