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Beyond the power plays and dickerings that whirled around the Jordan crisis, Washington last week rated as the diplomatic news of the week another prime accomplishment: after months of threat, war and negotiation, the Suez Canal was open for business again. True enough, it was open on Nasser's terms, as he made clear in a unilateral declaration deposited with the United Nations Security Council. But in laying out the terms, Nasser made important concessions by pledging himself to: ¶ "Respect the terms and spirit" of the 1888 Constantinople Convention, which provided that the canal "shall always be free...

Author: /time Magazine | Title: FOREIGN RELATIONS: Sailing on a Pledge | 5/6/1957 | See Source »

...Refrain from upping tolls by more than 1% a year without negotiation or arbitration, and set aside 25% of gross receipts each year for a canal development and improvement program...

Author: /time Magazine | Title: FOREIGN RELATIONS: Sailing on a Pledge | 5/6/1957 | See Source »

...Ambassador Raymond A. Hare patiently tried to persuade the Egyptians to make the plan more satisfactory to the West by 1) changing it from a unilateral declaration of intention into something more formal, e.g., a multilateral treaty, 2) writing into it formal arrangements for cooperation between Egypt and canal users, and 3) acknowledging the six-point, Western-sponsored canal resolution voted by the United Nations Security Council last October. In talks with Nasser and Foreign Minister Mahmoud Fawzi, Hare did manage to get them to make some minor improvements in their original version, e.g., by adding a provision that arbitration...

Author: /time Magazine | Title: FOREIGN RELATIONS: Sailing on a Pledge | 5/6/1957 | See Source »

...Metwali. The Jackson paid $10,295 in tolls with a polite note indicating that she was obeying U.S. Government instructions to pay under protest. Then, with the U.S. flag flying at the stern and the green Egyptian flag at the foremast truck, President Jackson steamed slowly northward into the canal at the head of a convoy of four ships. Mahmoud Younis, manager of Egypt's Suez Canal administration, wired the twelve passengers a Happy Easter and a pleasant trip. At Ismailia, U.S. Lieut. General Raymond A. Wheeler left his office in the U.N. canal-clearance headquarters, appeared...

Author: /time Magazine | Title: SUEZ: Problem's Solution? | 5/6/1957 | See Source »

That evening, as Jackson cleared the northern end of the canal and sailed into the Mediterranean, Egypt's Foreign Minister Mahmoud Fawzi released a letter to U.N. Secretary-General Dag Hammarskjold, declaring: "The government of Egypt are pleased to announce that the Suez Canal is now open for normal traffic." Accompanying the letter was a "declaration" of President Gamal Abdel Nasser's charter for the operation of the canal. The declaration, wrote Fawzi, "constitutes an international instrument," and he asked Hammarskjold to register it as such...

Author: /time Magazine | Title: SUEZ: Problem's Solution? | 5/6/1957 | See Source »

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