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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 02, 1971
Page
5
Rain and sog remnants of a hurricane move through the High Point area this weekend then clear Monday. North Carolina shows showers mainly west Monday and east Tuesday with fair, cooler Wednesday. South Carolina remains partly cloudy with scattered showers today through Sunday and highs mostly in the 80s.
A House foreign operations subcommittee charges inflated exchange rates gave the U.S. a hidden subsidy of about half a billion dollars to Vietnam over three years. They deem rates for goods and personal allowances as phony and out of line with market rates, seeking a meeting with Secretary Rogers.
Watts Hill Sr. of Durham a UNC Executive Committee member now backs a single governing board for all 16 state universities. He warns against destroying the current system and favors gradual merging of the five year and four year campuses while preserving institutional diversity. Victor Bryant also opposes restructuring.
In Hue between 50 and 150 students burned posters and threw firebombs at police during a three hour antigovernment protest on the eve of South Vietnam's single candidate presidential vote. Police fired into the air and arrested 20 demonstrators as scattered attacks continued in Saigon and nearby areas.
The IMF discussions in Washington centering on Special Drawing Rights SDRs as a substitute for dollars moved forward. SDRs would be units borrowed from the IMF and used between governments, with a gold value only as a reference. Observers note the concept could reduce the dollar's gold linkage while preserving its global role. The meeting produced a peaceful mood and momentum for continued talks with a uneventful, low‑key follow up by money technicians planned for mid October.
Washington AP dispatch reports FBI Assistant Director William C. Sullivan was forced into retirement after policy clashes with J Edgar Hoover. Sullivan was on sick leave as doors changed and he was replaced by Alex Rosen. The Washington Post cites pressure to resign and Sullivan resisting until late Friday.
Tokyo reports Japan will seek a government level pact to limit textile imports to the United States under conditions. Kyodo says exemptions from the 10 percent U.S. tariff and removal of certain items from restrictions are needed, with favorable terms compared to peers like South Korea Taiwan and Hong Kong. Kakuei Tanaka will carry the stance in Tokyo next week. Prime Minister Eisaku Sato urged makers to accept or face quotas.
A fire damaged the Greenville Community Club building extensively on Thursday. The blaze started in a private dining room adjoining the ballroom. the small room was gutted and the rest of the structure suffered smoke and water damage.
Broadcast schedule lists Amanda Blake and Buddy Alan this week at 7 P M. A Weekend Movie at 8 30 P M features Sweet Sweet with Alex Drier Stefanie Powers and Pat Hingle. Sat picks Tell Them Willie Boy Is Here at 1 P M. Mary Tyler Moore at 9 30 P M. Persuaders at 10 P M. Mission Impossible closes with a top level underworld meeting setup.
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