May 31, 1975

Pol scene in Vientiane described as many top right-wing officials of coalition Govt resign under pressure from demonstrators; Govt orders 20 bars and nightclubs in capital to close on July 1; Lao press releases say Vientiane Mayor Phagna Sisouvan resigned after demonstrators barricaded city hall to demand ouster of Sisouvan and 4 deputies; fate of deputies has not been decided; sr econ delegation reptldly leaves for Peking to discuss China's financial aid program for Laos; delegation will stop in Hanoi enroute to Peking to negotiate problem of 'transit of merchandise' provided by China (M)

NY Knicks announce signing of George McGinnis to 6-yr contract worth $2.4-million in defiance of NBA const; Phila 76ers own draft rights to McGinnis: 76ers owner Irv Kosloff labels signing 'piracy' and claims Knicks acted in violation of NBA draft rights, urges outgoing Comr Walter Kennedy to disapprove contract; matter, however, is expected to be acted upon by incoming Comr Lawrence O'Brien; illus (M)

Confidential minutes of meetings between group of financial advisers and NYC Mayor Beame given to Controller Goldin indicate underwriting bankers expressed alarm over city's crisis as far back as Apr '74; point out that in subsequent meetings panel sought to convince Beame of gravity of situation, but Beame disputed much of what they said and declined to be bound by specific suggestions, conversations reveal strong differences of opinion between Beame and bankers, especially over issue of deficit financing; documents were requested recently by NYS Controller Levitt, who claims his inquiry is 'audit' of city Controller's office; quotes from several meetings cited; panel members were; Morgan Guaranty Trust Co official Frank P Smeal, Merrill Lynch official Wallace O Sellers, Richard B Nye of First Security Co, Gedale B Horowitz of Salomon Bros, Thomas Labreque and Jack Devine from Chase Manhattan, Citibank official Richard F Kezer, James F Trees of Fisher Francis Trees & Watts Inc and Zane Klein of Berlack Israels & Liberman (L)

sources close to Gov Carey's adm indicate Carey favors investment banker John G Heimann as Banking Dept Supt; supt's job described (M)

Adm releases revised budget projections for fiscal '76, estimating deficit of $59.9-billion (S)