OCR Text |
Show WASHINGTON FROM OUR CONGRESSMAN W. K. GRANGER Our Future Foreign Policy The world Is waiting expec antly for final ratification by Sta e of our membership in the International Monetary Fund and an In .c rnational Bank or Reconstruction and Development, Devel-opment, as well as the United Nations Na-tions Char er, The Hous; of Representatives has approved the sum and the system i 'cf he World Bank. Now the Senate I alone murt act sine? the Charter will no be submitted to the House. It thus becomes important '.o understand un-derstand tha- the Fund is a dcvlc to supply wcrld businessmen with enough of the kinds of currency they ne d o settle their trading accounts. While the world bank is really an Internat'onal Reccnsructlon Finance Corp. which will guarantee loans' for reconstruction purpos s. The President wants the United States to be the flrrt nation to ratify rat-ify the Unit d Nations Charter. Tills Charter establishes a world court to settle d'spu es between nations and to use force if necessary. |