The Archive · 1939

Allies Ca-ordinate Economic Policy

M. Monnet, Noted French Economist, Heads Joint Executive Committee

London, Nov. 26.

M, Jean Monnet, the noted French economist well known in the Far East and the United States as well as in Europe, today was appointed by the British and French Governments to head the new Anglo-French Coordinating Committee which is to direct Allied economic warfare against the Reich, Formation of the Committee was forecast on November 17 when the French Premier M Edouard Daladier, and the Prime Minister, Mr, Neville Chamberlain, issued a joint statement announcing the immediate creation of permanent Anglo-French executive committees which now: are to work under the Ca-ordinating Committee.

Members of this body will be selected from among the members of the executive committees and will work directly under M, Monnet, who frequently visited the Far East between 1933 and 1935 and who cooperated with the Chinese Government in economic reconstruction measures enforced before July, 1937. Until a few months ago, M Monnet was also a member and Paris representative of the China Development and Finance Corporation.

His committee is to settle all dif-culties that may arise in dealing with supply problems, ammunition and coal supplies and similar questions, and is to ce-ordinate the work of missions sent abroad to make purchases for the Allies,

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