U.S. RESTRICTIONS ON FUND OUTFLOW EASED SLIGHTLY; Nixon Bars 'Patchwork Quilt of Controls' to Improve Balance of Payments URGES CURE FOR CAUSES Officials See Little Rise in Capital Export Because of Tight Credit at Home U.S. Restrictions on Outflow Of Dollars Are Eased Slightly
Pres Nixon repts cutting effective rate of interest-equalization tax from 1.25% to 0.75%, statement; Under Sec Volcker says effect of change will be 'negligible' because of present high US interest rates
