August 11, 1964

messages to UN Sec Gen Thant and Security Council pres Nielsen announcing cease-fire in Cyprus

PAT Coordinating Council meets to draft plans for 'white boycott' of pss to protest forced transfers under pairing plans; PAT group and City Clerk's office agree, after recount, that referendum petitions have 36,963 valid names; hearing set

island quiet; dead estimated at 100, wounded at 500-600; Makarios visits hosp; Govt charges Turkish jet strafed Polis; Turkish Cypriotes allege attack was provoked by Greek around fire; UN force resumes Kokkina-Mansoura patrols; sporadic fighting reptd, Nicosia; US impressed by Khrushchev's apparent refusal to become involved; mild response to Makarios and message to Inonu cited

A CHICKEN IN EVERY FOR—or something more exotic if you choose from the many food sugsestions on the women's page of The New York Times.—Advt.

Both IMF and Group of 10 studies hold monetary system would be strengthened by moderate rise in IMF resources but find internatl liquidity sufficient now to obviate any sweeping reforms of system; rise in currency quotas furnished IMF by various countries mapped with 25% of each quota increase to be paid in gold; fund now low on usable Eur currencies though it has plenty of dollars and pounds; Group of 10 also plans 'multilateral surveillance' of bilateral deals such as currency swaps, to be managed through Bank for Internatl Settlements; sets expanded study of internatl payments mechanisms by OECD Working Party 3; assigns group under R Ossola to study possible need to create new 'reserve asset' to supplement gold, dollars and pound; will also weigh possibility of long-term loans for countries that have chronic low reserves; both IMF and Group of 10 see probable need for new reserves beyond normal growth in gold supply; back new network of voluntary internatl monetary cooperation; Repr Reuss scores Group of 10 rept