High Point Enterprise Newspaper Archives Sep 29 1974, Page 10

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High Point Enterprise (Newspaper) - September 29, 1974, High Point, North Carolina 10a High Point Enterprise sunday september 29, 1974 five Industrial nations open Oil Price discussions. I a a a mini nit be of a first ctn France. Represented by so since nearly its entire by Kenneth j. Freed associated press writer Washington a the United states and four other Industrial Powers opened discussions saturday on the continuing High Price of Oil with the meeting itself the Only positive development in an Effort to head off a predicted world economic crisis. Secretary of state Henry a. Kissinger and Treasury Secretary William Simon were hosts for their counterparts from great Britain. France West Germany and Japan. Attempts at holding the meeting in seclusion broke Down when the discussions had to be shifted from the isolated presidential Retreat of Camp David in the Maryland mountains to the state department. Because of poor weather conditions at Camp David some 70 Miles Northwest of Washington it was impossible to Fly the participants by helicopter. Nonetheless . Officials said the ministers would not discuss the meetings with newsmen nor would any communique be used at the conclusion of the expected seven hour discussion the official reason for keeping the proceedings secret is that the discussions were designed Only As an informal review of International economic matters. However sources in several delegations confirmed there were at least two Cairo apr egyptian president Anwar Sadat said saturday night the Arab nations Are not responsible for the world s economic difficulties but Are Only seeking Justice and stability in the seven killed in plane crash in Venezuela Caracas Venezuela apr at least seven persons were killed saturday when a venezuelan air Force Jet participating in an air show plunged into a four Story building and burst into flames firemen reported eyewitnesses said the two seater td2 Trainer was pulling out of a Low sweep when it apparently lost Power and went Down burying itself into the ground floor of the office building and setting it on fire. One fire department official said the remains of the victims were a so badly mutilated that we can to Tell if there Are seven or the bodies included the Pilot and Copilot three persons a including a child a who had been inside the building and two passersby the official said. The plane had been participating in a show at a nearby military Airfield celebrating civil aviation Day. The Small military Airport has Long been a source of neighbourhood complaints since planes must pass Over residential areas to land. Middle East. Both president Ford and Secretary of state Henry a. Kissinger have criticized Oil producing nations in recent speeches saying that increased Oil prices Are hurting the world Economy. Sadat told a joint session of parliament and the Arab socialist Union Egypt a Only political party a that a zionist circles Are trying to prove the world s problems have been caused by Arab a they should realize the problems Are the result of the principle of Supply and demand and the widening Gap Between the Rich and the he continued. Sadat declared. A the arabs do not wish to punish anyone but what they want is their rights. The world Community should understand our position try to give us Justice and try to give the stability we have been seeking for some squat s speech marked the fourth anniversary of the death of the late egyptian president Gamal Abdel Nasser. Turning to the Middle East situation the egyptian president again declared that any settlement with Israel must be based on an israeli withdrawal Quot from All and every Inch of occupied Arab land and the restoration of the legitimate rights of the Israel has said it would never abandon All of the lands it captured in the 1967 War. Fried inns jewellers be weight values More pressing motives for not disclosing the discussions. First and probably most important was that none of the participants has any Clear solution or even solid proposal on How to handle the problems following rom the current High Price of secondly the United states is extremely conscious of French sensitivity concerning any meeting that could be construed As an attempt by the big Powers to threaten the Oil producers. Kissinger has urged formulation of some concerted strategy by the big Oil con suming nations As a first step to at least heading off another increase in the i ice of persian Gulf Oil if not in bringing Down current costs. However other than suggesting a unified reduction of demand the United states had Little specific to propose. France represented by foreign minister Jean Sauva Nargues went into the saturday meeting extremely wary about giving any impression that the Industrial nations were ganging up on the Arab and Banian producers. Japan has the same concern perhaps even More so since nearly its entire Oil Supply comes from the persian Gulf the japanese Economy already is a Utterm and another increase in Price or a reduction in Supply would be crippling. In that Light most officials doubted the saturday meeting would accomplish much _ Sadat denies blame for economic woes our Diamond values Are guaranteed if you find a better value within 30 Days return your Purchase for a full refund k a a few to Diamond wedding Fin i a proximal total weight open an account Fried Mats jewellers and see our entire Magna Vox limited time Only m3g Worl Vox v \ save �?~ioo00 video Matic 25 Diagonal solid state color console Model 4730 has an a electronic Eye which actually watches for changes in room Light. And instantly and automatically adjusts the picture s brightness contrast and color to the changes it sees. You get Ideal viewing in any Light any room. 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