ARGENTINA SEEKS. ANOTHER CABINET

BUENOS AIRES, March 3—Argentina's 12 Cabinet Ministers and the president of the Central Bank resigned today, leaving President Alejandro A. Lanusse free to form a new government.

General Lanusse, who is commander‐in‐chief of the army as well as President, is seeking Cabinet that will be able to control a serious‐economic crisis and carry out plans for election of a constitutional government next March.

The major political parties, particularly the People's Radical party and the Justicialist, or Peronist, movement, have declined an invitation to join the new government. Therefore, the new cabinet, like the old, will be mainly technical.

The cabinet Is expected to retain officials such as Francisco Manrique, Minister of Social Welfare, and Ruben Sebastian, Minister of Labor, who are identified with General Lanusse's decision to hold elections for president and congress next year.

Infiation Accelerates

General Lanusse has reportedly decided to keep Cayetano Licciardi, a budget expert, as Minister of Finance, but to make changes in other economic posts, such as commerce and agriculture.

The economic team will face an inflation that increased prices 40 per cent last year and accelerated in January, when prices rose 11 per cent. The price increases have produced strong labor protests, which took the form this week! of 48‐hour general strike.

Carlos Brignone, president of the Central Bank, announced yesterday that he had obtained promises during visits to the United States and Western Europe of credits to ease Argentina's balance of payments deficit, which totals $960‐million. But these credits are con7tingent on Argentina's defining. an economic policy satisfactory, to the International Monetary, Fund, one that will contain inElation and generate greater., exports, while keeping imports, under control.