WOULD BANK PLAN.
RUSSIA AGREES TO LARGER QUOTA. NEW YORK, July 24. The United States Secretary of the Treasury (Mr Henry L. Morgenthau) announced at a State dinner at Bretton Woods that Russia had agreed to subscribe 1,200,000,000 dollars to the world ban instead of 900,000,000. This would probably mean that the other quotas would be changed. The United Press says that Mr Stalin’s message accepting the higher figure was a welcome surprise, the delegates cheering loudly. Almost simultaneously it was announced that Australia was the only nation holding out, but would sign the documents for the international fund and the bank.
This, according to officials, makes the conference a complete success. Officials had been perturbed over the Australian delegation’s aloofness. The Australians had intimated that they did not nave their Government’s - authority to sign either document.
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Kaikoura Star, Volume LXIV, Issue 58, 27 July 1944, Page 3
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137WOULD BANK PLAN. Kaikoura Star, Volume LXIV, Issue 58, 27 July 1944, Page 3
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