U.S. Experts To Have Talks With Britain

Chronicle (Levin), 30 June 1949, Page 5

U.S. Experts To Have Talks With Britain

* , ITcceived Wcduesdav, 7 p.m. • . XEW YOltK, June 28. The Secrefcary of the Treasqry, Mr. Jolnr Snyder, will go to LOudou soon for assei'ies. of couversations with Eir tStal'l'o El Gripps 011 Britain 's dwiudling doki.r rcscrs es, ,-says ihe Washington rorre-pontUmi cif the Xew York Titnes. I Tiu- i oi resjw.niteut said it was uuderj si • cxl .Mr. ruvder wuuld review British i liii.'u'tciai a/ni couimercial poliey wilh Ehr. Eitub.rd t'riiJps in view of the critie|;T srtiifitix-ij.''i5iitt mis arisen in London sinee the " readju.stment " of prices in the L'iiited.-«xiites and the deeline in Britain s e\])orts to the doilar area. Mr. JSnyder will be aeeompanied by Mr. Willhuif hlrilesney Martin, AssistantSeereta'ry of tlie Treasury. These otlieiais are e'xpected Lo diseuss the world cvunuiiiie suuation not only with the Chaiiee'hii' o-f the Exehequer but also with t ihe Finance Ministers and other nit'inbers of the British Commonwealth who are duc to meet in Loudoun next ■indnth: . .' • .■ : : The Ifnited- Btates has been advised by Brit'tsh'; oiiieials that Britain 's dollar reserves have iallen • well below the 2,UlK),botUH;0-d(iliar miuiinuni feit by the British- Treasury to be esseutial to eimble Britain to play lier present role as.the iiiiancial eentre of the sterliug bloe. British offieialsl have also toiu the."lTni.ted Btates Governnient that thewi iutend to make another substantial eti't in- their iinports from "tlie I'liired Btates sonietime witliin the iiU.it thfee weeks.