Word: britian
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Bernstein urged putting an end to Britian's "transitional restrictions" on free conversion of sterling into gold and dollars, since, he said, de facto convertability already exists in New York and Zurich. A reserve currency must be convertabile, he said. International institutions, such as the Monetary Fund, can combat drains on gold and dollar reserves, he added...
...present rate of increase of population there will be standing room only in the world by the year 5000," one of Britian's foremost geographers told a Harvard Summer School audience Tuesday night...
...fears of Western European nations, primarily West Germany and France, have not changed. They fear the reduction in conventional armaments and troops, and they recoil at Britian's recent cut in her NATO ground forces and conversion to nuclear weapons. These countries, especially Germany, foresee a war of nuclear goliaths. They also fear that in the event of "brush wars" fought in Western Europe with conventional arms, they will be at the mercy of the overwhelming Soviet ground forces. Furthermore, they fear that by committing Western defense to nuclear weapons, the West will be compelled to take the initiative...
...Britian's Lord Ismay, who quits his post as secretary-general May 14, emphasized at a news conference that no member will be forced to accept this advice...
WASHINGTON, March 11--The United States acting jointly with Britian and France, today rejected a proposal for a Big Four declaration covering the Middle East...