FINANCIAL TALKS END

Chronicle (Levin), 19 July 1949, Page 5

FINANCIAL TALKS END

( N.Z.P.A. -

-Reuirr

Ministers Agree On Plan To Cut Collar Imports -

CoDyright)

Received Tuesday, 10.15 a.m. LONDON, July 18. The Commonweaith Finance Ministers' meeting ended this afternoon after the Ministess had agreed on the outline for the imT mefiiate dollar cuts which could be made by the Governments concerned. The New Zealand Finance Minister, Mr. Walter Nash, said after the conference that further consultations ould take place this week on the proposals to establish permanent Commonea.th maehinery in London to review the dollar situation. He said it was planned to establish some sort of committee of technical experts attached to the Dcminions Offices in London. Observers expect that some of the experts who earrie to London for the talks just ended will remain to sit on this committee. The outline for the cuts on dollar imports will be sent in the form of ■ a. minute to the Commonwealth Government. Advisers and technical experts to the Finance Ministers will continue to meet throughout this week putting the fmishing touches to the consultations. A communique issued at the end of the Finance Ministers' talks today declared that the Ministers had agreed to recommend to their governments "action comparable in its results to that already decided upon by the United Kmgdom."