June 27, 1984

-year-old budget dispute. Under a compromise reached by leaders of the 10 member countries, Britain would receive a rebate of about $800 million on its 1984 contribution to the Common Market treasury and $600 million for 1983. (Page A1, Column 6.) A corruption scandal shook Bonn. Economics Minister Otto Lambsdorff, a central figure in West Germany's center-right coalition, announced he had resigned because of the imminent confirmation of an indictment against him. (A1:4-6.)

Leaders of the European Common Market countries today settled a five- year-old budget dispute and said the agreement cleared the way for movement toward greater European political and economic unity. The dispute, over the size of Britain's contribution to the joint Common Market treasury, was resolved when the leaders of the 10 member countries agreed to a compromise bringing the Government of Prime Minister Margaret Thatcher what British officials called a satisfactory share of community funds. But in Britain, Mrs. Thatcher's political opponents, and critics within her own party, expressed dissatisfaction with the agreement. (Page D4.)

Last June major toy makers read the initial script of ''Gremlins,'' a Steven Spielberg movie. In February Gizmo, the good gremlin, made his debut at the annual toy fair in New York, and there were 50 licensees. Gizmo seemed sure to be a hit. ''We committed for thousands of pieces,'' said Ian McDermott, senior buyer for the F.A.O. Schwarz toy stores. ''We've never made a commitment like that before.'' Like other retailers, he had not seen the script. Then ''Gremlins,'' rated PG, opened on June 8. ''The moment we realized the movie was black humor and sick jokes, we pulled 8ut,'' Mr. McDermott said. Schwarz canceled most of its orders for Gizmo characters. ''The public is so sensitive,'' he added.

Walter F. Mondale and Senator Gary Hart met yesterday for two hours and then declared that their conflicts had largely been resolved and that they were united, as Mr. Hart put it, by a ''profound fear of a second Reagan term.'' ''If the Republicans and Mr. Reagan are betting on a divided party, they can forget it,'' said Mr. Mondale, who stood beside Mr. Hart outside an East Side brownstone where the two principal contenders for the Democratic Presidential nomination ate breakfast. Mr. Hart, who announced Monday that he would withdraw his threat to challenge several hundred convention delegates pledged to Mr. Mondale, said, ''We will do all we can to do everything within our power to see that Ronald Reagan does not have a second term in the White House.'' 'I'm Glad to See Fritz' Mr. Hart said, ''I'm glad to see Fritz again.''

The Consumers Power Company said today that it would halt construction of the Midland nuclear power plant tomorrow. The utility has spent $3.6 billion on the two-unit plant over the last 17 years. However, officials of the company and the state's Public Service Commission agreed to resume talks later this week in an effort to find a compromise on paying for completion of one unit at the Midland plant, about 100 miles northwest of Detroit. They agreed to meet at the request of the majority leader of the Michigan State Senate, John Engler.