ON APRIL 7, 1943, the Secretary of the Treasury made public a Preliminary Draft Outline of a Proposal for an International Stabilization Fund of the United and Associated Nations.1. At the same time proposals by British experts for an International Clearing Union were released.2. The American proposals are known as the White Plan after their main author Dr. Harry D. White, Director of Monetary Research of the Treasury Department. The British proposals are generally referred to as the Keynes Plan.
Both plans were considered as preliminary documents, tentative in character, which represented the viewpoints of technical experts and did not commit the respective governments to the principles or details of the schemes. They were intended purely as a basis for discussion, criticism, and constructive amendment.3.
The opening guns of this discussion were fired in the parliamentary debates on post-war international currency in the House of Commons on May 12, and in the House of Lords on____________________