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The Wilmington Morning Star
Wilmington, New Hanover County, North Carolina
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AP reports Pinehurst, NC, considered for international monetary conference on post-war reconstruction; Treasury invites 44 nations to discuss $8B stabilization fund and $10B world bank; enough acceptances for success, date TBD, not in Washington.
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WASHINGTON, Jan. 4. - (AP) - The Associated Press learned tonight that Pinehurst, N. C., had been mentioned as a possible site of an international monetary conference to consider post-war reconstruction and trade.
It was also learned that the Treasury had sent invitations to the conference to 44 nations.
Specifically, the conferees will consider tentative Treasury proposals for an $8,000,000,000 currency stabilization fund and a $10,000,000,000 world bank for reconstruction and development.
Officials said enough acceptances had been received to assure success of the conference, but added that no date had yet been set.
The conference is expected to be held in some other locality than Washington, and in this connection the North Carolina resort town has been mentioned as a possible site.
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Location
Pinehurst, N. C.
Event Date
Jan. 4
Story Details
The Associated Press learned that Pinehurst, N.C., is a possible site for an international monetary conference on post-war reconstruction and trade. The Treasury invited 44 nations to discuss an $8 billion currency stabilization fund and a $10 billion world bank. Enough acceptances ensure success, but no date is set, and it will likely not be in Washington.