EXCHANGE CONTROL

Dominion, Volume 37, Issue 239, 6 July 1944, Page 4

EXCHANGE CONTROL

Difference Of Opinion At Bretton Woods <By Tt'li-yruph. — Assn. - ( upj right J (Received July 5. S.IO p.m.) Ni:\V YORK. July 4. British mid American differences of opinion developed n( today’s discussions on mi iiHernatioiial mom’lary fund. par:ieularly over the (piestimi of when I lie fund shall go into effect, says the Bretfon Woods correspondent of the “New York Times.” Tlie Americans desire it to be pur into operation as soon ns possible becniise they expeet that immediately after Hie war there will be a tremendous worldwide demand for American goods, ami ihey hope lli.il trade will he more proiiTable for America if ibe warlime monetary e\«hauge controls nr'’ replaced by internniioiial eo-opcratimi. <>n the other hand ll.e British, whose liiiam-ial pi;silioii has bevn weakened during ih<- war. prefer lo maininin wartime control of interim I economy for al least live years after the war. This, says Hi’* correspondent, is impossible under t:he present proposal*, which would not p<‘rmit of reieiilion of the exchange rest riel ions for more tli:ei three years after the fund goes into eL feci.