Saturday, June 7, 1 975

THE MICHIGAN DAILY

Page Five


Saturday, June 7, 1975 THE MICHIGAN DAILY Page Five

Britain to stay in Common Market

New York faces
financial disaster

LONDON (P) - Britons have
voted overwhelmingly to remain
in the Common Market, offic-
ial returns showed yesterday.
The referendum tally marked
a major victory for Prime Min-
ister Harold Wilson.
With 65 districts out of 68
counted in Thursday's balloting,
the vote was 16,537,070 or 67.4
per cent in favor of staying in
against 7,988,797 or 32.6 per
cent for pulling out.
WILSON said the majority
was "bigger than that achieved
by any government in any gen-
eral election in the history of
our democracy," adding it
means "114 years of national
argument are over."
The count showed British vot-
ers had gone the middle way,
rejecting the antimarket views
of the extreme left and right.
The turnout for the referendum,
the first in British history, was
65.6 per cent of the 40.5 million
Britons eligible to vote.
In Washington officials learn-
ed of the British vote with an
unconcealed sigh of relief. There
was-no immediate official state-
ment, but those dealing with
European affairs were known to
be satisfied with the results.
AT COMMON Market head-
quarters in Brussels the French
president of the Common Mar-
Harvard
with hold
(Continued from Page 3)
concerned about Barry lying
under stress and they want to
observe him for a year or two."
"BUT MOST doctors lie like
hell," added Atkins. "I don't
know many that don't. They
tell a sick woman she looks
great when she looks like hell"
Striking chords with the uni-
versity, Atkins admitted that
there were other incidents that
catapulted Brooks into this un-
comfortable situation. One in-
volved Brooks taking a job un-
der a government grant which
wasn't supposed to be for full
time students.
BOTH BROOKS and Atkins
stated the grant job was also
given to two other Harvard stu-
dents under identical circum-
stances.
Brooks is hoping that his par-

ket Commission, Francois-Xav-
ier Ortoli, expressed delight
with the British vote.
"Like the great majority of
the citizens of Europe, I have
always been convinced of the
need for Europe to have Britain
as a full member and for Brit-
ain to play a full part in the ad-
venture of uniting Europe."
Market proponents in the La-
bor, Conservative and Liberal
parties, who teamed up to win
the campaign, hailed the out-
come. Some voiced hope that
the argument over membership,
which has split Britons for 14
years, now would cease and that
the nation would get on with the
job of beating inflation, unem-
ployment and economic stagna-
tion.
BUT SOME antimarketeers
vowed their fight would go on.
Right-wing Tory Enoch Powell
described the result as "pro-
visional with the British people
facing another Munich." He ar-
gued the British people did not
fully understand the implica-
tions of membership which he
insisted means a surrender of
B r i t i s h independence to
the nine-nation European com-
munity.
Wilson's rival, Conservative
leader Margaret Thatcher, was
quick to suggest the prime mm-
fficials
diploma
ents haven't caught wind of the
controversy. "I haven't told
them ... I haven't been in con-
tact with them at all. We lead
very different 1 i v e s," said
Brooks.
ALTHOUGH it is certain that
Brooks-who would be graduat-
ing in the top third of his class
-will not be in cap and gown
June 12, he is confident that
the problem will be resolved in
12 months. The Medical School
administration has agreed to
review the situation in one
year, and it is likely that
Brooks will receive his degree
then.
"But until then I can't be a
doctor," he said. "Now I'll just
look for a job as an extern in
a hospital around here. I have
no other choice."

ister should reshape his cabinet
in view of seven members hav-
ing campaigned for withdrawal
from the market.
The judgment of the British
people came on the 31st anniver-
sary of D-Day when their forces
joined with the Americans and
other allies in invading Hitler-
dominated Europe. Now Brit-
.ain has confirmed a partnership
with its former enemies, Ger-
many and Italy, as well as with
several of its wartime allies in
an economic and monetary
grouping designed to bring pros-
perity to the people of Europe.
ONE AREA of Britain that
came through with a definite
antimarket verdict was the
Shetland Islands in the North
Sea where huge oil and gas re-
sources are being exploited.
The islanders suspect that Com-
mon Market nations of mainland
Europe are greedily eyeing
those riches and want to share
in them.
The -referendum vote count
was a mammoth job. Up and
down the -kingdom, from Land's
End in the south to John O'-
Groats in the north, on wind-
swept offshore isles and in trou-
bled Northern Ireland, the bal-
lot papers were sorted and tal-
lied. Then the boxes were sped
to a London headquarters from
the 68 separate regions to be
collated and confirmed by 756
officials. They worked under
the gaze of 384 observers to in-
sure fair play.
Troops in Northern Ireland
and police in the rest of the
country kept order, and only a
few incidents were reported.
One of these was in London-
derry, thersecond largest city
of Northern Ireland, where 50
youths attacked soldiers and
police carrying ballot boxes
from a polling center. Troops
fired rubber bullets to disperse
the youths.

NEW YORK (AW) - The city's
latest exercise in fiscal brink-
manship moved into a final
weekend " yesterday, with a $3-
billion state bail-out plan to ease
the municipal debt burden still
up in the air.
Meanwhile, $792 million in
debts fall due Wednesday. A
default on the part of Demo-
cratic Mayor Abraham Beame
could lead to a financial earth-
quake that would shake every
bonded municipal unit in the
land.
BIG CITY bankers, Republi-
can state senators and Beame
were unable to reach an agree-
ment in three days of negotia-
tione on a proposed new state
agency to refinance $3 billion in
city debts and impose controls
on its future budgeting to end
a decades-old habit of spending
more than it takes in.
Republicans in control of the
statersenate were demanding
tighter limits on city borrowing
as the price of approving Demo-
cratic Gov. H u g h Carey's
proposed Municipal Assistance
Corp., or Big Mac as he refers
to the refunding agency. Mean-
while, the Senate recessed for
the weekend.
The MAC would refinance the

$3 billion in short term debts
into long term bonds, to avert
the threatened default on the
short term paper.
THE CITY'S giant banking
interests reportedly were con-
cerned about financial backing
for the long-term MAC loans.
They claimed the market for
New York municipal bonds is
glutted, and that without sound
backing they cannot sell their
because of the city's financial
crisis, its worst since the Great
Depression.
Beame's concern was how
much home rule he will be re-
quired to surrender to gain re-
lief through MAC in the latest
financial fiasco.
Meanwhile, the mayor's trou-
bles were only beginning - he
has to dig up $641 million in new
financing to cover a gap in his
$11.8 billion 1975-76 budget by
the end of the month.
BEAME HAS said that unless
he receives additional taxing
powers plus state aid to bridge
the gap he will be forced to fire
37,000 of the city's 315,000 em-
ployes.
Late in the day, the budget
bureau reported that pink slips
already have been sent to 6,407
of the 37,000 ticketed for dis-
missal.

- --- --

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