Word: rab
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
With the same goal in mind, Britain's Chancellor of the Exchequer R. A. ("Rab") Butler last week slashed away festoons of government controls that restrict sterling transaction?. Since the war, there have been two major classes of sterling owned by residents outside the sterling and dollar areas: "transferable-account" sterling held by residents of 18 nations such as Italy, Holland and Russia; "bilateral-account" sterling in 24 nations such as Brazil, France, Belgium and Japan. Residents of transferable-account nations could not spend their sterling in bilateral-account nations, and residents of bilateral-account nations could not even...
...nine finance ministers of the British Commonwealth gathered to talk about their troubles under Australia's summer sun, Queen Elizabeth appointed Britain's cool, crisp Chancellor of the Exchequer "Rab" Butler to be a Companion of Honor.* It was one way of dramatizing the fact that Rab Butler was in undisputed charge for Britain at the Sydney conference...
...could speak for Britain with the authority of strength befitting the leader of the Commonwealth. In two years, he had restored the British economy to good if unspectacular health. In the first half of 1953, Britain earned more dollars than all the rest of the sterling area combined. Overall, Rab Butler could report Britain's and the sterling bloc's best year since...
...eyes of U.S. officialdom. The British Treasury estimates that a drop of only 5% in U.S. national income would mean a 25% drop in sterling sales to the dollar market. This would put the whole Commonwealth in the red. Convinced that he is faced with that threat, Rab Butler made it his immediate concern to brace the Commonwealth for trouble. Explained a British Treasury man: "The dollar market is the father, and when father turns, we turn, but with a bigger bump on the edges of the bed, where we are, than in the middle, where he is." One method...
...Chancellor of the Exchequer "Rab" Butler announced that Britain would reverse its slow gyration towards economic nationalism by raising from 58% to 75% the proportion of British imports freed from quota restrictions. British tourists will henceforth be allowed to take abroad ?50 ($140) apiece instead of the ?40 ($112) permitted before. ¶France's Finance Minister Edgar Faure promised a "modest" removal of French trade restrictions from "about 20%" of French imports. As France is the worst offender, OEEC decided that Faure's gesture was not enough; France got orders to report back next year, itemizing the steps...