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Published online by Cambridge University Press: 22 May 2009
The Convention and Regulations adopted at the International Conference on Safety-of-Life at Sea, held in London in April 1948, established responsibility I in that field for the Intergovernmental Maritime Consultative Organization. The Conference, called by the United Kingdom, revised the International Convention for Safety-of-Life at Sea which had been drawn up in 1929. IMCO was recognized as the central bureau for the handling of maritime safety measures. It was also to receive from contracting governments copies of relevant documents = and reports as to marine casualties, suspensions of the convention, exemptions, I equivalents and interventions by governments arising from the control provij sions. Except in specified circumstances, the organization would be the agency for the study, circulation and development of amendments to the Convention and Regulations, and for recommending such amendments to governments.
1 From information supplied by the Depart-men t of State.
2 New York Times, June 3, 1948.
3 Documents E/CONF.4/32, E/CONF.4/57, and E/CONF.4/58.
4 From information supplied by the Depart- meat of State.
5 New York Times, June 1,1948.
6 Department of State, List of Official Inter- national Conferences and Meetings, May 1, 1948.
7 Internationa l Bank for Reconstruction and Development Press Eelease 100, May 25, 1948, The Neue Zuricher Zeitung, unofficial organ of the Swiss National Bank, stated regarding the Swiss franc issue: “The form of the announce- ment… was apt to cause misunderstanding. The impression given was that the operation was merely a credit… within the scope of a larger operation by the International Bank to the Netherlands Government, which thereby obtains needful [sic[ Swiss francs. This credit… however makes no demand on the Swiss capital market and therefore in no way affects our internal market.” The press reported that the Zeitung statement was interpreted to mean that the Bank for Internationa! Settlements had actually put dollars – not francs – at the disposal of the International Bank in order that the Netherlands Government might obtain dollars earlier than would be possible under the terms of the original loan agreement of August 1947 (NewYork Times, May 31, 1948).