Word: intra
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...mansion of the De Rothschilds. Last week the men who now govern Europe's finances sat in the same gilt & cream chamber where the De Rothschilds once practiced their financial wizardry.* Delegates from 19 OEEC areas had come to La Muette to work out a new Intra-European Payments plan. After hours of futile argument, Belgium's Paul-Henri Spaak suggested that the meeting adjourn. Britain's Sir Stafford Cripps cut him short with a crisp insistence. "Gentlemen, I have to go back to England tomorrow," he said, "but my plane does not leave until...
...first year of Marshall Plan grants the U.S. had tried to spice its aid with a small inducement to encourage intra-European trade. Some $800 million of the U.S. grants were conditional. To get them, the receiving country had to surrender an equal amount of its own currency to a third nation. Thus Britain, in order to receive ECA dollars, made sterling available to France, enabling France to buy British machinery. Such secondary grants were known as drawing rights...
Against that background the OEEC group met last week in Paris. Their assignment was to renew or to change the Intra-European Payments agreement, which runs out this month. Britain's objective was to make the new plan as much like the old as possible. Belgium's Paul-Henri Spaak and French Finance Minister Maurice Petsche were expected to carry the ball for the liberal Harriman position...
...wiped out 57 overlapping and outdated service boards and bureaus. He ordered all armed service celebrations combined into one Armed Forces Day. He ordered the overlapping medical services merged. With an eye to small irritations, he cut down on -the private use of official automobiles. And to end intra-service wrangling in press and radio, he issued a directive "consolidating" the press faculties of the three services, a move which was immediately attacked as an attempt to censor the news that came from the Pentagon...
Thursday will see the opening contest of the Hickeys vs. Carduffs intra-squad series which was postponed last week. The second game will be played Monday, and the third game, if necessary, on Wednesday or Thursday...