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Publication: European Stars and Stripes Tuesday, September 27, 1977

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   European Stars and Stripes (Newspaper) - September 27, 1977, Darmstadt, Hesse                                Vance urges canal treaty of sta1s House Senate panels open hearings on pact authorized unofficial publication for the . Armed forces vol. 36, no. 162 1jc and sunday tuesday september 27,1977 1f 21855 a Washington a Secretary of state Cyrus r. Vance hoping to prove to a doubtful Senate the Wisdom of the Panama canal treaty said monday the pact creates a partnership under which our two coun this photo was taken minutes after two Black policemen were attacked outside East London South Africa by Black mourners returning from sunday s fun police victims of stoning neral for Steve Biko a Black conscious Ness Leader. Sgt. . A tints left was stoned to death by the mob. At right Constable . Marasi being helped to his feet died later in Hospital. A witness said that after the the two policemen were stoned they were also stabbed. See Story on Page z a Dollar under pressure in Europe Trade deficit $2.7 billion from press dispatches Washington american businesses sold fewer products abroad during August than at any time in the last 16 months Ashe nation s Trade deficit grew to $2.7 Bil lion the Commerce department said monday. The Trade deficit was the 15th in a Rowand the second largest in history sur passed Only by the $2.8 billion deficit injure. In Europe monday the Dollar came under pressure again losing ground on All Money markets and hitting a new Low against the Swiss franc. The weakness of the Dollar was attributed by Zurich dealers to a combination of the . Trade deficit figures and continuous speculation on the rising Swiss franc. The Swiss National Bank intervened again on the Market monday but was unable to Stem the Dollar fall because of big pres sure dealers said. Conversion rate Page 27. The Dollar closed in Zurich at 2.3490 Swiss francs against 2.3605 Friday night after opening at 2.356850. The previous Low was 2.3602 Swiss francs sept. 22. In Frankfurt the Dollar was Down from2.3285 to 2.32525 Marks in Paris from 4.9340 to 4.9245 French francs in Brussels from 35.8550 to 35.84 belgian francs in Amsterdam from 2.4685 to 2.4665 guilders Andin Milan from 884.05 to 883.65 lire. The Pound closed in London at $1.7440,up from Friday s 1.7430. American exports in August totalled $9.6billion, a Sharp decline from the $10.1 Bil lion a month before and was the smallest amount since a $9.4 billion in exports in april 1976. Imports for the month decline from $12.5 billion to $12.2 billion. A Trade deficit Means More dollars Are leaving the country to pay for foreign goods than the . Is earning from sales of its goods abroad. It Means a loss of Pur chasing Power to americans and can result in reduced employment and production at Home. The Carter administration has said that the continuing Trade deficit has been caused mostly by increases in imported Oil from the Arab countries. Some officials have said nearly All non Arab countries continued on Page 28, col. 3 nonsmokers getting More aggressive in claiming their rights. See Page 8 tries can join in the peaceful and efficient operation of the  testifying before the Senate foreign re lations committee Vance said the treaty proves once and for All the falsity of the tired charges that we Are an imperialistic exploiter Bent Only on extracting latin american raw materials and using the continent for Pur own economic  since president Carter signed the treaty sept. 7, there have been repeated predictions that the administration would be unable to obtain the two thirds vote needed for Senate ratification. In hearings this week before Senate an House committees the administration Hopes to reverse the momentum of treat opponents. While Vance and treaty negotiators so Linowitz and Ellsworth Bunker were testifying before the Senate panel Secretary of defense Harold Brown and Gen. George Brown head of the joint chiefs of staff were called before the House International relations committee. Assures continued Access the defense Secretary testified that the treaty Best assures continued . Access by promoting cooperation rather than risk ing a . Garrison amid hostile  he said that use of the canal is More important than  said the treaty will give the United states unimpeded use effective opera Tion and physical Security of the  expanding on the reference to risk of . Garrison Brown said if Panama and other latin american countries or major elements of the panamanian popu lation became hostile to the United states then protecting the canal against internal threats terrorism and guerrilla action would become much More difficult. Such occurrences Are far less Likely under the new treaty than they would be if the Long unsettled status quo were to  Gen. Brown said that . Capability to defend the Panama canal will be enhanced through cooperation with the government of  and he added the joint chiefs of staff will continue to plan for rapid reinforce ment of the . Southern command in the event of emergency  other top Carter administration officials Are to testify before the Senate committee during the  of the treaty have said that by agreeing to turn Over the waterway to Panama by the year 2000, the United continued on Page 28, col. 4 and so Ripe report  
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