Fusion of British and American Zones

Chronicle (Levin), 5 December 1946, Page 6

Fusion of British and American Zones

Press Assn.

Bii Telegraph

-Copyright

LONDON, Dec. 3. The Chancellor of the Exckequer VAIr. Hugh Dalton) announced in the Lluust) .ut U'ommuns that Mr. Bevin '-( Britain; and Mr. Byrnes (U.S.A.) liad signed an agreement providing for the eeononiic fusion of the British and Atnerit*aii zones of Germany as froni Januarv i; 11) 17, with the aim of making the combined areas self-supportiiig . 1 1 y. the einl of 1U4U. Mr. Dalton said there would be a juinl British-Aiueneau import and expori ageiiey, and a cominon standard of living, including food rationing. The dciieit between iinports and exports will be niet by' Britain and Ameriea in equal shares. The costs will berecovered from German experts in the sliortesl praeticable time. The aim of the agreement would h'e to rebuild a liealthy, non-aggressive German economy, and German import requirements would be determined hy a joint agency. The present 1050 calory food ration uoulii be raised us soon as possible to 1SU0. The arrungements would operate iintil tliey wero ended by luutual. agreement and would be subject to annual revicw. " 1 1", under the agreement, it is iiupossible fur us to find the dollars reijnired. that will be taken into account wlicii the agreement is review-c-d, " he said. JEtulir Industries. .Mr. Dalton said Britain tolcl the United Stales that British policy regiirding soeialisation of the liuhr industries is not prejudieed by the agreemen t. Tho total British and Ainerican expemliturc is cstimated at £250,000,000 uver thr.'e years. The ti-xt oi" the agreement, publislied simukanoousiy in Watlington and Bondou, pn«\ idi's that Bngland will mahe aiailuble to ihe import and e.xjioii ageii'-y £77125,1)00 to fulfil the agicemtuil reaclied iu 11) 15 to pool proiMM'ds of experts f ro in the two zones. A ii'"rii*a. ulsn, is to conlribute £3,025,- ())!), i I'jn cseiii iiig ureumiilaled proceeds 0 i c-.poii i ro oi the American zone. Tio* liatioiis liave agreed to establish .si.nii an eM'hauge value for Ihe mark, . iia'ie linrricr-. ainl facililate the eM'iia • nf terlinical and business 1 • >;n in ti )■ i:-:i t ious between Germany and i irl he-r eoiin! rie.-. White Paper Issued. j The ie\t oi ihe agreement between 1 Biitani ainl Auicriea int egrat i ng the t I v. o zones of Gei'inauy was issued as a ! White irper. It i I'M'is (1) Ihe pooling of resoiii'fo; - 2 ) loreign trade; (3) eeoliomii pk-.aning; i l» the sliaring of linI aiieial i'.|iori.-iiiilily ; (5) rolaxation of j trade baniei.-: ( • » _» eurreiiey of bankI iiig ;n i.ingei.'.'iits; '7; food and im- ) piirt- toi 1 1 isplnrri 1 persons. Tlie V.lute I'aper slates that every eifiirl v. ill !>e m;nb' lo procure imports I rom iiie Hin es of supiilies wliich will e- oiiot.ti. e ibll'ir eost to the l.'nited kingiioni. In.jioits will be divided i utu two i iB.-goiie.s. J'irst, thosu required.to j |>ie\enl ili-en-e and unrest, aml seeolid, j lli" f a . ■ e :iry for eeniioiuic rei-ov ery, ( )viipat i"ii costs recoverable from Gei : : u ii c jiori s include tliose incurred by ihe two Gos ei iuiieijls for the seiiariile / uit's iiji to .lanuary 1, 10-17, and for Ihe ' ombi ned zone t hereti J't er. Barrkns in the way of German trade will be removed as rapidly as possible j to nid exnausiun bf German exports. j I'olentia.I buvi.- of German good.-j u:!l be }•;», i • I et 1 with access to botli ziiie- t" the i'ullesi extent possible, aiel miriicti bitsiue cs channels will lie i •• : 1 1 1« 1 1 n i : otui as ['os.-xilile. The B.i.itmh and American Governuic!it:.: •' ro learty, .it auy time, to discttas wiih uther occupyiug Powers further econunuc fusion.