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Britain Uses Atomic Demands As Dollar Lever
PHELPS ADAMS reports that Britain may use its atomic bomb demands to pressure larger U S financial aid as Congress debates European aid cuts. Britain faces a shrinking gold and dollar reserve, seeks a 70 percent rise in ECA funds, and plans currency restrictions to shield its markets while awaiting new U S support in September.
MENTIONED IN THIS ARTICLE
Phelps Adams
Alliance Ashington
Britain
Joint Congressional Committee
U. S
Stafford Cripps
Congress
America