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The Chronicle Telegram in Elyria, Ohio

01 Dec 1949

Page 4

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The Chronicle Telegram December 1, 1949 Page 4 old newspaper archives

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Dec 01, 1949

Page

4

Washington Debts and a Three Way Aid Plan

Washington talks shift to a three way deal aimed at easing Britain's war debts to India and Pakistan. A long term US loan for India Pakistan would scale down the sterling debt and reduce drag on Britain’s postwar balance. Nehru discussed the plan in Washington and London, with cautious optimism from officials.

MENTIONED IN THIS ARTICLE

London Washington India Pakistan Britain United States Nehru Southeast Asia Europe Commonwealth Egypt Australia Malaya Singapore Iraq Burma Israel Iran
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Sterling balances threaten postwar recovery across Asia

The article surveys vast foreign debts held by Britain in the Far East and Middle East, noting $3.2 billion in outstanding sterling balances by mid year. It argues these debts hinder development, fuel political friction, and risk pushing Asia and the Middle East toward Communist influence, while urging relief financed without extra American tax burdens. Eire has a glut of pork.

MENTIONED IN THIS ARTICLE

Washington Bevin Cripps Acheson Far East Middle East London India Pakistan Southeast Asia House of Commons
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Also Mentioned on This Page

Chronicle-Telegram Elyria Ohio Marquis Childs H. Redner Bethlehem Phillips Brooks Holy Trinity Church Philadelphia Mr. Redner Canada Sparkiing Canada Vargo Bros Kirkman GIANT Rinso Swift Chuck Roast Gold Cross Dole Pineapple Drithday M. Klein Erie St Phil Armour Florida Alc Phils Chronicle ORK Beran Nu-Way Broad Street D. A. Pfeiffer INE Sandy Brand Pascal Celery U.S Weideman Boy Pillsbury Flour Kellogg’s Eire
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