Allocation & Champagne

A champagne luncheon in the Pan American Room of Washington's Mayflower Hotel one day last week toasted the news that allocations had won out over priorities for the hemisphere as well as for the U.S. The party was thrown by the Ambassador to the U.S. of the first allocatee-to-be: Venezuela. His guest list included State's Dean Acheson, Economic Defense Board's Assistant Director Colonel Royal B. Lord, and two big visiting Venezuelan buyers of supplies (Central Bank President J. M. Herrera Mendoza and Caracas Chamber of Commerce Vice President Andrés Boulton).

Their toasts and speeches were exceptionally friendly because EDB's...

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