ITALY SAYS G-7 GIVES CHANCE TO VERIFY TOKYO ACCORD

  This week's Group of Seven (G-7) meeting in
  Washington provides an opportunity to verify an accord reached
  at the Tokyo summit last May to include Italy and Canada in
  Group of Five (G-5) talks on management of the international
  monetary system and related issues, the Italian Treasury said.
      It said in a statement the G-7 meeting, which Italy plans
  to attend, will provide a forum for considering the Tokyo
  accord in the light of events in Paris in February this year.
      On February 22, Italy boycotted a meeting in Paris of its
  G-7 partners - the United States, Japan, West Germany, France,
  Britain and Canada - after being excluded from an earlier
  session of talks involving G-5 members.
      Today's statement from the Italian Treasury said-
      "Nobody denies the existence of G-5 but we should like it to
  be remembered that the Tokyo accords provided for the
  enlargement of the group to Italy and Canada whenever "the
  management or the improvement of the international monetary
  economic policy measures are to be discussed or dealt with.'"
      Italy refused to attend the Paris G-7 meeting on the
  grounds that G-5, grouping the United States, Japan, West
  Germany, France and Britain, had reduced Italy's role to rubber
  stamping agreements already taken.
      The Italian Treasury said today that Italy was "certain that
  this time incidents would not occur."
      But it said it would be opportune to look in depth at the
  role and the procedures of G-7 in relation to those of G-5.
  

