The Lexington Herald from Lexington, Kentucky • 12

i SaMHlft iMMMCflii U2 12 The Lexington Herald Lexington Kjr Monday July 31 972 Pompidou And Brandt To Meet On Common Market Monetary Policy existing foreign exchange rates (Schiller had threatened resigns- By ANTHONY COLLINGS (delegation is due -for talks on trade BONN Germany (AP) jtrade with the West Germans President Georges Pompidou of I Chances Improve France is meeting here Monday Chances for going ahead with with Chancellor Willy Brandt 'the 10-nation Common Market Sources said the West Germans have also sought to reconcile differences with the French by agreeing to postpone summit discussion of granting Common Market trade preferences for US farm exports which France opposes Question Remains But the wider question of US-Common Market relations remains a bone of contention Pompidou wants it in Paris Brandt and most other European leaders prefer Brussels Belgium where other Common Market offices are But rather than risk postponing the planned summit the West Germans are willing to drop this subject from the agenda informed sources said On monetary policy several recent developments improved chanrcs for French-German agreement on going ahead with the October aummit aimed at defining the future course of Eu ropean unity and relations with the United States The recent developments included a Brandt Cabinet decision ot move closer to the French position by imposing capital influx restraints and reaffirming support of tion because he opposes controls Schiller later indicated he would stay on The West Germans also pleased Paris by agreeing with other Common Market finance ministers at Luxembourg last Monday to hold to existing ex change rates during the uncertainty over floating of the pound French Fears The French had feared Bonn might reject these rates and let the West German mark float upward upsetting the timetable of moves toward European monetary unity The Cabinet decision pleased Paris hut risked a political crisis at home The economics and finance minister Karl over the with the word that willing to drop from agenda a key stumbling the site for a proposed Market political amid signs they are close to summit agreement on monetary policy and on whether to hold an enlarged Common Market summit in October on European unity Later In the week a Soviet weekend Bonn is the Common -i- 'J between Brandt and Pompidou The French generally see the future of unified Europe as more independent of Americi while the West Germans want to balance European unity with existing transatlantic ties While Brandt and Pompidou have three private meetings Monday and Tuesday parallel I talks will take place between Schiller and the French finance minister Valery GiscarJ One possible source of dispute between them could be France's strong desire to restore the link to gold President Nixon cut that link agt year during a world inoneary crisis as he sought to de-: end the dollar Important Soviet-German trade links are likely to bf forged during a visit by foreign trade minister it the wake of a friendship treaty enforced only last month 2 Day Meeting Foreign Trade Minister Nicolai Patolichev will arrive Wednesday for a two-day visit which he and Schiller will sign the first new Soviet-Gen man trade agreement in 13 rears a spokesman for Schiller's ministry said In addition Soviet officials were expected to sign a Soviet-German barter deal under which the Russians will deliver natural gas in return for heavy gauge steel pipes to bn used in the building of Soviet pipelines Informed sources said tht larter deal la expected to provide the Soviet Union with credit! worth about $440 million in return for providing gas U) West gas works I over the next 20 years The credits will enable thn Soviet Union to obtain the pipef from the Duesseldorf Marines- mann Roehrenwerke AG Thn trade agreement Patolichev and Schiller will sign Wednesday la designed to libef- alize import restriction and expand trade between the tvo countries The establishment of lndustri- al complexes modernization of Soviet factories and exchange of patents licenses and knowhow are among the anticipated developments on the agenda for Schiller and Patolichev SHERWIN-WILLIAMS LATEX OR OIL BASE tlflf Ililf 1 CHOICE! 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