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Canberra Times in Canberra, Australian Capital Territory

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Canberra Times

Location

Canberra, Australian Capital Territory, Australia

Date

Mar 18, 1968

Page

11

Crisis at UNCTAD prompts new trade aid proposals

The Reuters summary notes a world gold crisis as delegates at the United Nations Conference on Trade and Development in New Delhi push for concerted efforts to bridge the gap between rich and developing nations. A key outcome may be new preferential schemes aiding developing countries, with mixed views on timing and feasibility. A top-level group is reviewing questions as developing nations seek relief while developed markets hesitate.

Jaap Reuter New Delhi Induvicien Alta Hid Britain Iralid Prancigl Jenkins

Resignation fuels Labour Cabinet power scramble in London

A London report outlines a growing power scramble within the British Cabinet and Labour Party after resignations. The Evening Standard cites Robert Carvel and George Brown amid speculation over deputy leadership, with discussions of Michael Stewart and James Callaghan for key posts, and debate over Brown's future.

London KAP Labour Party Robert Carvel George Roy Jeting Jenkine Narra Cae Ieint Wilson Hd Jenkins Evening Standard James Callaghan Stewart

US Gold to Bolster UK Reserves Amid Crisis

The United States is believed to have flown a three billion dollar bullion payload to Britain, strengthening depleted gold reserves as UK banks face a severe crisis. London markets reacted with restraint as authorities limited foreign currency trading and considered stabilizing measures to defend sterling and the economy.

London Britain Morehouse Fast Knox

Buying spree to beat the budget in British economy

The Times reports a pre budget rush as shoppers flood Gamages with deferred payments and cash purchases. Economists warn of a tough budget and Britain’s push to solvency may reshape investment flows to Australia and other nations.

Slethal Stern Tenin Australia Irving Japan France Peter Aitken

De Gaulle Under Attack Over French Gold Market Boon

President de Gaulle meets with aides as France faces pressure over the dollar crisis and the decision to keep Paris gold market open. Western diplomats blame France for market strains while Paris resists a halt, arguing for continued international monetary operation and support from the United States and Britain.

de Gaulle Belt Talbs Bie Mi Caine Fe Nit Vile France Paris de Fraulle Usta Megal Susu MG Erlickin Cuutle Lipwailaen April Trance Ton de Guilles Veuhanon Imaintaining Niemal- Opera Eustes Vane Herne Cramer Britain Debre

Gold figures at a glance from SUS millions pool members

The Gold Pool members include United States Britain West Germany Switzerland Belgium Holland and others. The pool holds about 25 000 in gold with the US owning 11 500. France held 5 000 but left in June 1967. US dollar liabilities total 34 000 with 15 000 short term. Australia’s reserves amount to 1 131 million dollars with 208 gold 289 US dollars 628 other forms. The exchange rate is 3 USN23 per ounce and 0.455 per 1 Esterting. Since 1934 the US commits to buy and sell gold at 35 dollars per fine ounce.

United States Britain Wet Germany Waly Holland Belgium Switerland France Australia

Also Mentioned on This Page

Mutuals An & Heading Hobart Place Canberra Lynn Jones Feeur Developing Brown Labour Wilson Michael Stewart Oll Healey Mtr Denis Weatey Mme Wilson Evening News Guandian George Brown the Times Tr Stewart Wilton Me Brown Wikton Polly Poe Wir Trish Tragh Ressels Temas Michalseenget House of Commons Om Faucation Uneal Yor Fulham Geonse Hewenthorn Aweah Joice Ministry of Agric Ilture and Fisheries Belper Tomytin Hadow U.S Fagliml Wedneshire Qwcastors Seer Esters Yond Bapl Cies Ster New Yorks Merling Bank of England Federal Reserve Bink Roves Cannes Te Monde Oreo Aes Ladybird England Bovtain Times Fachequer Roy Lems Gamages Garmages Opververs Astaats Aus Walian Botan Tce Lahor Briish Hivets Centra Ianke Sn West Germany Suissertaeul Malye Belim Spain Papua Brith Canada Helpuim Helene Pans Aviation Enterprises Pty Ltd Voarane Arcade Garema Piper Aircraft R. Keanalley Mpl Civic Floor Covering Co Enagio
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