Compromise Possible on Six Months’ Limit

Grey River Argus, 30 January 1948, Page 5

Compromise Possible on Six Months’ Limit

(Rec. 10.5). LONDON. January 20. Reuter’s Paris correspondent says: It is believed a limiting of the scone of the free gold market bill to a six months period mav form the basis of a compromise agreement by the Government with the Socialists. STERLING FALLS The pound sterling fell on the Paris black market, from 820 francs yesterday to 780 to-day, compared with the new official rate of 864. The fall is attributed 'to the belief that the sterling will be devalued. SAAR COAL FOR FRANCE The Foreign Ministry announced that France by April 1. 1949, will receive all coal from the Saar mines. The British and American Governments have agreed that Saar coal production shall gradually bn withdrawn from the German coal pool until France gets the complete Saar output of 12,000,000 tons yearly. This agreement removes the last obstacles' to the complete economic union of the Saar with France.