European Stars And Stripes (Newspaper) - April 17, 1987, Darmstadt, Hesse Iki Sicle stripes d investigators gather Iran Contra papers. Page 2 d Amy Carter Hoffman found innocent. Page d Lonetree or Ellal hearing ends. Page 28 to rtofeiic1the Sims Luth Civito in aficial pu1i.icatioh f0� th1 . Poi Cit vol. 45, no. 362 Friday Aprim 7, 19b7 d 6693 a Baker hints Buck Low enough says further slide could be harmful new York a Treasury Secretary James i said wednesday night that further declines in the Dollar could counteract economic growth in major industrialized countries. In a speech to the Japan society Baker said the United states and six other major Industrial Powers believe their currency values Are within Broad ranges consistent with their economic fundamentals. Earlier this month in Washington the so called group of seven Germany Britain France Italy Canada the United stain and Japan reaffirmed a pact to stabilize Exchange rates. Since then however the Dollar has fallen sharply especially against the japanese yen partly because of uncertainty in the currency markets Over whether the nation would allow further declines nato greets missile offer with caution Brussels a Secretary of stale George p. Soul lion thursday portrayed the soviet Union new offer on scrapping hundreds of nuclear missiles in Europe broadly acceptable for nato but the european allies gave a More muted response. Shutlz briefed North Atlantic treaty organization officials for about 90 minutes on the outcome of his three Days of talks in Moscow with Kremlin leaders which he said created a great Opportunity Tor arms control. Afterwards he flew to California to relay the results of his talks to president Reagan. Officials from the 14 european nato nation cheered Shutlz efforts in Moscow but said it i too soon to endorse the latest soviet offer. Our approach must be think Over your total Strat egy Don l Rush to any conclusion said Hans Van Den Hrozek the dutch foreign minister. Nato Secretary general lord a Anglon said Alli Ance experts would immediately begin considering the offer implication for Western Security including its link with chemical and conventional arms in Europe. Shutlz told reporters after his nato consultations that the West would not give an instant response to the offer made tuesday by soviet Leader Mikhail 5. Gorbachev to dismantle All Shorter Range soviet nuclear missiles aimed at the West part of an agreement to withdraw hundreds of . And soviet medium Range nuclear rockets from Europe. But he characterized the offer attractive Lonato which for More than seven years has Given see nato on Page 28 in this connection let me make one Point Clear a further decline of the Dollar against other main non Dollar currencies could very Well be counterproductive to our goal of higher growth in those countries Baker said thus we fully intend to continue to cooperate closely to Foster stability of Exchange rates he said. Baker also said it would be a mistake to think that growing Trade friction Between the United Stales and Japan reflects in any Way a Lack of enthusiasm on our pan in the broader efforts under Way to strengthen coordination of economic policies among the United states Japan and the other major Industrial coun tries.1 the Dollar plunged sharply last month after presi Dent Reagan said he was imposing stiff Penally tariffs on various japanese electronics products in retaliation for Japan alleged violation of a Trade agreement Cov ering computer chips. Those penalties were to take effect Friday. The president economic policy Council headed by Baker on wednesday rejected last minute appeals from the japanese government to halt the tariffs. Baker in his speech repeated the administration Calls on Japan to take action on proposals for stimulating its Economy to improve demand for imports. Baker said the Reagan administration would continue trying to fight protectionist sentiment in Congress while promoting Domestic economic growth through lower budget deficits and improved competitiveness in american Industry. Suited for skiing a Pluto two water skim got dressed for he business world Muter Host service Between Spinnaker Island mass wednesday part of a stunt promoting a new com and Boston. Webb sides with Navy promotions Board Washington a Navy Secretary James h. Webb armed with the findings of an internal investigation on wednesday overturned a decision by his predecessor that had led to a rebellion within the ranks Over promotions. Webb said he had thoroughly reviewed the work of a promotion Board thai selected a new group of captains and concluded the Hoard did Noi act contrary to Law or Webb predecessor. John of Lehman jr., had Dis missed the Board Anu rejected its recommendations after charging that it had ignored his orders and improperly tried to promote nuclear submariners at the cup Csc of the two other communities within the serv ice aviation and surface warfare. The promotion Board was headed by the Admiral who commands the Navy submarine warfare Branch. Lehman look the unusual Slep of disband ing the Board after the president. Vice adm. Bruce Dumars refuted an order in february to de select three submariners in favor of Ihrcke of her officers. The controversy that ensued prompted defense Secretary Caspar w. Weinberger to order an investigation sea Webb on Page 28 Brewers a Eves of we o Page 21 -,.s. I so.,.--v
