Rockefeller Warns on Petrodollars
Chase Manhattan Bank chairman David Rockefeller warns against surplus of petrodollars within OPEC, speech, C of C, London; says situation, arising from dramatic surge in oil prices, may deny world's banks ability to play leading role in reinvesting funds; says it it imperative that new international situation be established to cope with problem; advocates role for credit-proving system, such as International Monetary Fund's so-called Witteveen facility or revised version of safety net that was proposed in '74 for Organization for Economic Cooperation and Development; US Treas Sec W Michael Blumenthal warns new strains on oil-importing nations may threaten entire monetary system
