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dated September 27, 1958: Montreal talks

The Commonwealth Trade and Economic Conference communiqué which was approved by the Ministers at a final meeting in Montreal on September 26, gives full support to President Eisenhower’s proposals for increasing the assets of the World Bank and International Monetary Fund. The 11-nation communiqué declares, “It remains our objective that sterling should be made fully convertible as soon as necessary conditions have been achieved and that trade discrimination should continue to be progressively removed in view of advantages to be gained by so doing.” The communiqué calls on countries outside the Commonwealth to accept “our objectives and be prepared to join us in achieving them. "

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