Word: suez
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...Calmly, he read from a typewritten sheet: "Before the Ministers' meeting I offered to Monsieur Coty, President of the Republic, my resignation and that of my government." Reason: he could not go along with the U.S. and British decision to accept Nasser's conditions for using the Suez Canal. Said Mollet bitterly: "If the U.N. must systematically give in to the desires of dictators . . . then it is not an organization worthy of its international character...
...Suez Settlement Urged...
UNITED NATIONS, N.Y., May 20--France and Britain joined against Soviet opposition today and urged Egypt to negotiate a Suez Canal settlement founded on international confidence...
Foreign Minister Christian Pineau of France touched off the latest round of Suez talk with a call on the 11-nation Security Council to arrange new negotiations with Egypt for a permanent settlement. He drew quick backing from Sir Pierson Dixon of Britain, and Ronald Walker of Australia...
SHIPPING RATES are dropping as demand caused by Suez stoppage tapers off and new ships go into service. Freighter tolls for coal from East Coast to Europe are at 18-month low of $7.42 a ton v. $9.52 in March and record $16.52 in December...