The Archive · 1940

Monetary Agreement

London, June 18.

The Treasury has announced, on behalf of the British, French and Netherlands Authorities, that, " as! foreshadowed in a communique of June 8, tripartite monetary agreement was signed on Thursday between the United Kingdom, France and_ the! 'Netherlands, establishing" an omeiat rate of exchange between the Nether= lands East Indies' guilder, and the ound sterling, of 7.60 guilders to the Pound.

Arrangements were also made covering, on the same basis, relations with the currencies of the Netherlands West Indies—Reuter, Washington, June 14, After a secret session of the Military Committee yesterday Senator Downey reported that the United States had on hand enough rubber to last only ten months under stringent wartime rationing, if crude supplies were cut off, He added that he understood Mr, Edward Stettinius and Mr, Jesse Jones, Federal Loan Administrator, were seeking to work out a meant to purchase 120,000 tons of rubber, to be stored against possible emer-

Mr. Stettinius recently resigned the chairmanship of the United States Steel Corporation to serve in President Roosevell's National Defence Committee—Reuter,

Text read from the printed page and cleaned; old type leaves the occasional error.

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