Evening star., 1948-09-30
Monetary Fund Elects
9 Executive Directors.
Italian, CzechIncIuded

The Board of Governors of the
international Monetary Fund to-
day elected nine executive directors.
Marshal Tito's representative voted
with two of the iron curtain nations
to fill one Of the posts.
In addition, Camille Gutt, chair
man Of the Executive Board, pointed
out that countries formerly enemies
Joined in electing an Italian as a
director.
Mr.. Gutt also annou iced the ad-
mission Of Siam to the fund He
said the admission of Pakistan is
ION its way"
One Of the new executive directors
elected is Bohumil Sucharda of
Czechoslovakia. The Yugoslav rep
resentative joined with Poland,
Czechoslovakia and Finland in Mr..
Sucharda's election He succeed
J. v. Mladek of Czechoslovakia.
Italian Is Elected.
Guido CARL Of Italy was reelected
with the votes OF Italy, Greece and
Turkey. 1t was this election Mr.
Gutt referred to when he mentioned
former enemy countries voting to-
gether
Reelected executive directors werS
Ahmed Zaki Bey Saad of Egypt
Louis Rasminsky of Canada, j. w.
Beyen of the Netherlands and S. G..
McFarlane of Australia.
Newly elected to the Executive
Board were Octavio Paranagua Of
Brazil, who formerly had been an
alternate; Carlos A. D'AScoli of
Venezuela and Ernest de SELLERS of
Belgian, who also had been an
alternate.
The Monetary Fund and its twin
international financial organization,
the World Bank are holding their
third annual meeting in Washing
ton at the Shoreham Hotel. The
meeting closes tomorrow.
The Governors of the World Bank
were to elect executive directors this
afternoon.
These nine directors serve with
five who are appointed by the
United States, the United Kingdom,
China, France and India.
To Elect New Chairman.
A new chairman, to serve as head
of both boards of governors, will
be elected tomorrow, to succeed
Wang Yun-wu, China's Foreign Min
lister, whose term of one year is
expiring. This post previously has
been held by the United States,
and the United Kingdom and is ex-
pected to 60 to one Of the other
larger powers.
Considerable routine business re-
lating to administration and COM
mittee work of both units was ex-
pected to be conducted today and
tomorrow by the representatives Of
~ nations.
The annual report Of the World
Bank was accepted late yesterday
by its Board of Governors, in exec
utive session, after having been pre-
sented earlier in the day by Presi-
dent John j. McCloy.
Mr. McCloy said afterward the
report met with general commenda-
tions, most of which were hearty"
although there were some criticism
and suggestions.
Soviet Bloc Criticizes.
Some of the criticism, he said,
came from spokesmen for Poland,
Yugoslavia and CZechosloy aka, III
the eastern Soviet bloc. Their
criticism was characterized by the
bank president, however, as being
In good temper"
They charged, he said, that the
bank is not following as closely as
1t should the ideals of its founding
fathers to keep politics out of its
operations They also thought, Mr..
McCloy said, that too much refer
ence had been made in the banks
report to the European Recovery
Program of the United States.
Sir Stafford Grips, British Chan
cellor of the Exchequer, vice chair
man of the board, presided at the
meeting. All sessions are being held
cL al