Washington, Mar. 17.
A high Government official to-day asserted that the Tripartite Monetary Agreement had barely weathered the record heavy storm of international monetary demands of last Wednesday.
During the course of the day Banks in the United States offset the heavy dollar demand by selling dollars, though it is now known what amount of the stabilization fund was mobilized and, 2. Six countries, adhering to the Tripartite Agreement, persistently intervened against the fund,, thereby securing currency stability.
Such transactions also strengthened the franc, and minimized the decline of sterling—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.