United Nations: Going for Broke?

"The problem is serious,"said U.N. Secretary-General U Thant, as the organization's financial crisis that has hamstrung the 19th Assembly dragged into still another week. The U.N., he had only $14.6 million cash on hand needed $9,000,000 a month simply to meet payrolls around the world and normal operating expenses. As for accounts payable, some $136 million in overdue assessments were on the U.N.'s books, and U Thant issued for the first time the names of the 16 delinquents: Russia and eight other Communist nations, France, Belgium, Haiti, Paraguay, South Africa, Yemen and Bolivia.

Under Article 19 of...

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