Page 37 from FO 371 110691 - Atomic Energy

The article discusses the British proposal for a new international authority to oversee atomic energy, which was informally presented during preliminary discussions with the United States regarding President Eisenhower's plan. The proposed authority would be modeled after the International Bank for Reconstruction and Development (World Bank) and operate as an independent specialized agency within the United Nations. Countries producing uranium or fissionable materials would contribute them for free, but the authority would not finance individual projects. The proposal includes safeguards against misuse of materials and suggests imposing sanctions on repeat violators. American officials, who are still working on their own plan, indicate that it should not be presented to the Disarmament Commission but ultimately submitted to the Economic and Social Council, similar to the technical aid program.