HALTING INFLATION
(N.Z.P.A.-
- Reuter .
President Truman Proposes Rationing And Controls
Copyright)
WASHIN GTON, Nov. 17. Authority ro ratlon scarce commodities and reimpose control of pnces, wages and rents was sought oy Presidfc'iit Truman in a speeeh at uie opening oi a special session of wongress today. He said tnat such autnority was essentiai to hait the '"aiarmmg" innation. He coupled his appeal with a tormal request' for 5y7,u0U,0U0 dollars lor stop-gap aid to Hi'urope in tne next iour and. a haif monois. Presiaent Truman said the future of the world's free nations nung in the baiance, and the ruture oi American economy was _xi jeopardy. Tne action which Congress would tak& would be wrxt*en large m the history of the nation and of the wond. He added that Austria needed ±2,uo0,uuu doliars, Itaiy 227,000,UU0, and France 328,0U0,0UU to buy food, iuel and ouher essentials during the next four and a haif montns. Additionai funas would also be requixeu to maniiam tne American position m the occupied areas. "Emergency assistance by itself wili not soive tne European prob.ems. Emergency aid is not a supstitute for a iong-range recovery ^rogramme, buu it is a vital prerequisite for such a programme " ne said.
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Bibliographic details
Chronicle (Levin), 18 November 1947, Page 5
Word Count
200HALTING INFLATION Chronicle (Levin), 18 November 1947, Page 5
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