• Short Summary

    THE INTERNATIONAL MONETARY FUND HAS APPROVED BRITAIN'S APPLICATION FOR A LOAN 1,400 MILLION DOLLARS. LEADING?

  • Description

    THE INTERNATIONAL MONETARY FUND HAS APPROVED BRITAIN'S APPLICATION FOR A LOAN 1,400 MILLION DOLLARS. LEADING INTERNATIONAL BANKERS MET IN PARIS TODAY (WEDNESDAY) TO DISCUSS -- AND SUBSEQUENTLY APPROVE -- THE APPLICATION. IN THE HAGUE, MEANWHILE, BENELUX FOREIGN MINISTERS MADE IT CLEAR THAT THEY WOULD PRESS ON WITH ATTEMPTS TO SEE BRITAIN INTO THE COMMON MARKET.

    THE DECISION TO EXTEND BRITAIN'S LOAN WAS ANNOUNCED FROM THE WASHINGTON HEADQUARTERS OF THE IMF. THE BANKERS HAD CARRIED ON DISCUSSIONS OF THE APPLICATION IN CLOSED SESSION IN PARIS. THEY WERE MEETING WITHIN THE FRAMEWORK OF "WORKING PARTY THREE" OF THE 21-NATION ORGANISATION OF ECONOMIC CO-OPERATION AND DEVELOPMENT, AND AS REPRESENTATIVES OF THE "GROUP OF TEN" -- THE RICHEST WESTERN NATIONS PLUS JAPAN.

    THE DECISION WAS A GESTURE OF FAITH IN BRITAIN'S DEVALUATION PROGRAMME -- THE BANKERS HAD TO DECIDE WHETHER THE DEVALUATION MEASURES WERE ADEQUATE TO IMPROVE BRITAIN'S BALANCE OF PAYMENTS.

    IN THE THREE-AND-A-HALF HOUR MEETING OF THE FOREIGN MINISTERS OF BELGIUM, THE NETHERLANDS AND LUXEMBOURG, IN THE HAGUE, IT WAS DECIDED TO STEP UP ATTEMPTS TO GET TALKS STARTED ON BRITAIN'S APPLICATION TO JOIN THE ECONOMIC COMMUNITY.

    AT THE MEETING WERE DUTCH FOREIGN MINISTER DR JOSEPH LUNS, M. PIERRE HARMEL OF BELGIUM, AND M. PIERRE GREGOIRE OF LUXEMBOURG.

    DR. LUNS, AS SPOKESMAN, SAID THEY HAD AGREED THAT PRESIDENT DE GAULLE'S RE???NT PRESS CONFERENCE REMARKS -- IN WHICH HE VIRTUALLY EXCLUDED BRITISH ENTRY -- IN NO WAY CONSTITUTED A FORM OF NEGOTIATION. N THAT CONTEXT THE PRESS CONFERENCE HAD NO VALIDITY, HE SAID.

  • Tags

  • Data

    Film ID:
    VLVA627THG56UWFRMPA8KZK9ESVRS
    Media URN:
    VLVA627THG56UWFRMPA8KZK9ESVRS
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    29/11/1967
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:40:00
    Time in/Out:
    /
    Canister:
    N/A

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