HOFFMAN ACCEPTS EUROPEAN PROJECT ON TRADE PAYMENTS; ECA Chief Backs Compromise Plan That Is Short of Competitive Principle SENATE GROUP HEARS HIM Snyder's Talks With Cripps in London This Week Crucial, Paris Group Believes HOFFMAN ACCEPTS PLAN ON PAYMENTS
WASHINGTON, July 5 -- The Economic Cooperation Administration today tempered its demands for freer European trade in favor of unity among Marshall Plan nations and accepted a "compromise" revision of the intra-European payments plan that fell far short of the competitive principle it sought to have adopted.