| Description | Preparation for Fund to commence operations. Particular problems considered 18 Dec 1946: IMF statement released, stating opening of exchange transactions on 1 Mar 1947 and giving par values. Maurice Henry Parsons temporarily replaces George Lewis French Bolton as United Kingdom (UK) Alternate Director. Bolton to Rowe-Dutton on secrecy, 9 Jan 1947. Fund requires details of UK Exchange Control, 24 Jan 1947. Frederick Francis Joseph Powell to Parsons, 29 Jan 1947, on Latin-American multiple currency practice. Difficulties with certain countries over unrealistic par values (Parsons to Bolton, 7 Feb 1947). Rowe-Dutton to Bolton, 20 Mar 1947, on admission to Fund of ex-enemies. |