WORLD TRADE: Time Presses

Delegates from 55 nations gathered in the long, narrow ballroom of Washington's Shoreham Hotel last week to discuss a universal subject: money. They were attending the world's most important annual fiscal meeting, that of the governing boards of the International Monetary Fund and the International Bank for Reconstruction and Development.

The economic experts could look with satisfaction on the past year. Most member countries were in better financial shape than at any other time since World War II. Currency convertibility and balanced trade seemed less remote than a year ago. Said Chief British Delegate Reginald Maulding: "The time is ripe...

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