CURRENCY PROPOSALS

New Zealand Herald, Volume 80, Issue 24555, 10 April 1943, Page 8

CURRENCY PROPOSALS

POINTS OF DIFFERENCE LONDON, April !> Seventeen out of 37 countries have already accepted the United States invitation to discuss plans for stabilising post-war currency, says a New York correspondent. Although no date has been lixed yet, it is hoped the conference will succeed in thrashing out a workable system based on the British and American proposals. The correspondent explains that there are three main points of difl'erenco between the two proposals. They are the emphasis to be put on'gold, the silver question, which is certain to be raised by the American silver-producing States, and the distribution of voting powers on the international board. Sir Frederick Phillips, who is representing the British Treasury in the United States, lias denied that Britain's plan would give her a dominant voice in the controlling body, says a message from Washington. CANADIAN LEGATION . LONDON, April 8 Major-General George Vanier, the new Canadian AI mister designate to the Allied Governments in the United Kingdom and Canadian representative to the French National Committee, explaining his appointment in London said that a Canadian Legation would soon be established in London. General Vanier said that in Canada at present there were Ministers of seven occupied countries ol Europe. Canada had decided to appoint one Minister, accredited to all these Governments in Britain. His appointment as representative to the French National Committee was for the purpose of discussing all questions relating to the war.