Billion Dollar
Credit Extended
To Great Britain
WASHINGTON, Iffi — Great
Britain has been extended credits
of $1,300,000,000 by the Inter
national Monetary Fund to help
her ride out a financial storm
brought on primarily by the Mid
dle East crisis.
The action was announced
Monday night by the 60-nation
fund created in 1947 to help na
tion cnught in such situations to
maintain stable currencies.
Of the credit 'advanced, $561,
740,000 is designed to add to
Britain’s monetary reserves,
which have sunk below the two- !
billion-dollar figure regarded by
the London government as a:
minimum for safe financial deal
ings.
The additional $738,530,000
was made available upon request
of the British government at any
time within the next 12 months.
Britain will be charged from 2
to 3V£ per cent interest on the
credits, depending on when she
repaythe money advanced.
In anticipation of the action,
the U.S. Treasury announced last
Friday it would borrow a billion
dollars on short-term bills next
month.
A Word of Appreciation
On behalf of the officers and
members of Igloo No. 1, Pioneers
of Alaska and Ladies Auxiliary, I
desire to express my sincere
thanks and appreciation to the
people of Nome for the fine com
munity spirit manifested in con
nection with the Roof Garden
celebration.
To Mrs. Terry Jackson, who di
rected the play, and to all mem
bers of the cast who gave freely
of their time and talent; to the
merchants and all lines of busi
ness for the financial assistance
rendered in liberal advertising in
our booklet; and to all our pat
rons who attended, as well as the
many, many, too numerous to
mention, who assisted in con
ducting the games and who help
ed in various ways during the
evening.
It is gratifying to observe that
the spirit which animated the
early Pioneers to organize the
first igloo at Nome, still lives in
this community, and will con
tinue to perpetuate the ideals and
aspirations of those whose mem
ories return to us at each suc
ceeding Roof Garden.
Frank Morris. President
of Igloo No. 1 and Gen.
Chairman of the Roof
Garden CommiStee.
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NOME HARDWARE
NOME’S COMPLETE HARDWARE STORE
Thousands of
Hungary Workers
In Protest Strike
By RICHARD KASISCHKE
BUDAPEST, CIV-Tens of thou
sands of Hungarian workers
Tuesday launched a widespread
protest strike in defiance of 1he
Russian - imposed government of
Premier Janos Kadar.
Transportation was badly crip
pled, but the work stoppage did
not appear to be 100 per cent
effective. Some business activity
apparently was continuing under
the pressure of guns of the Hun
garian police and Soviet troops.
But many workers did not re
port to their factories or sat idle
when they reached their posts.
The call to strike for 48 hours
beginning Monday midnight was
issued by the Budapest Central
Workers Council to protest the
anti - people, anti - workers act
ivities" of the government.
The Kadar government replied
to the general strike call with
new repressive measures, includ
ing a decree of martial law, the
arrest of some worker leaders
and a decree dissolving the work
ers council and its regional
bodies.
Refugees Crossing into Austria
from Hungary said the strike ap
peared to be spreading over the
county despite Kadar's martial
law decree and possible Soviet
reprisals.
TWO JETS HAVE
CLOSE CALL WHILE
20.000 FEET IN AIR
WILLIAMS AFB, Ariz., UPl—A
student pilot and an instructor
had a close brush with disaster
yesterday when their Sabre jets
scraped together 20,000 feet over
the desert.
Lts. George Mattison and Wil
liam Walsh landed their planps
at the base and walked away
without injury after their dog
fighting maneuvers came close to
the real thing.
Instructor Mattison and stu
dent Walsh suddenly found their
canopies only a few feet apart
while flying. They could see each
other from their cockpits.
Both whipped their planes into
a half-roll and came around belly
to belly.
The planes crunched , together
and then bucked free. The Air
Force said the jets’ bellies were
“pretty badly banged up.”
NOME TAXI‘
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GREEN’S
CITY FUEL & TRANSFER
1200-Mile Underwater Cable System
Between Alaska And United States
Will Provide Better Communication
SEATTLE, OP — A 20-million-<
dollar, 1200-mile underwater
cable system was put into service
between Alaska and the United
States Tuesday to provide more
and better communication facil
ities between the two areas.
The new cable, streching from
Port Angeles to Skagway, Alaska,
was opened officially with cere
monies in Washington, D.C., Se
attle, Ketchikan, Juneau, An
chorage and Fairbanks.
Hatfield Chilson, assistant sec
retary of the interior, and 3.
Frank Heintzleman, governor of
Alaska, made the first call over a
4,650 - mile telephone network
which utilized the new cable as
well as existing lines.
The new facility is the result
of a joint venture by the Long
Lines Dept., of the American
Telephone & Telegraph Co., and
Alaska Communication System, a
branch of the Signal Corps of' the
United States Army. ACS built a
shallow, 395-mile single cable
from Ketchikan to Skagway at a
cost of six million. AT&T con
structed the deep water, 877-mile
double cable between Port An
geles, Wash., and Ketchikan at
a cost of 15 million.
The northern terminus of the
cable at Skagway hooks into ACS
land lines to Anchorage and Fair
banks. The southern terminus at
Port Angeles is relayed by radio
Frozen Water Supply
In Virginia Cty, Nev.
Is Cause of Emergency
CARSON CITY, Nev., Ofi—Gov.
Charles Russell has declared Vir
ginia City an emergency area as
the first step in seeking federal
aid to halt the historic town’s
week-long water crisis.
The wooden flumes carrying
water from a mountain reservoir
froze because severe cold wea
ther came ahead of snow cover
to insulate the flumes.
If the Department of Interior
approves, the governor’s office
said Stead Air Force Base will
be asked to lend the state its
weasels to help jar loose the ice.
And federal funds would be
asked to pump water from near
by Silver City and American
Flats.
In the meantime, many Vir
ginia City residents go to Carson
City to take baths and bring
home buckets of water. The
water company is helping by
trucking water in.
Fine Job Printing at The Nugget
to Seattle and the nation.
Doubling the present capacity
of radio and land circuits be
tween the United States and its
important bdses in Alaska, the
cable can carry 36 conversations
at one time. It will perform, of
ficials said, with the clarity and
reliability of the best states-side
telephone lines.
A single copper conductor run
ning thBough the center of each
cable transmits all voice signals
simultaneously in one direction
in the Port Angeles - Ketchikan
cable. Requiring protection
against possible damage, it is IV4
inches in diameter and weighs
about one pound per foot.
The Ketchikan-Skagway cable,
in much shallower water, re
quires heavier armor to protect
it from ice floes, fishing trawlers
and turbulent waters. It is more
than 2V4 inches in diameter and
weighs nine pounds per foot.
Each deep water cable has in
tricate, costly repeaters spaced
about 40 miles apart. Each re
peater amplifies about a million
times the voice currents that pass
through it.
The shallow water cable has
11 land - based, unattended re
peater stations located about 40
miles apart.
Cost of a three-minute call be
tween points in the United States
and eastern Alaska varies be
tween $5.25 and $8.25 during the
day hours, depending upon where
the call goes in the U.S. Night
time and Sunday rates vary from
$4.50 to $6.75 an hour.
A three-minute call to western
Alaska is either $8.25 or $9.00
during the day and $6.75 or $7.50
at night and Sundays.
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