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COMMITTEE ON FOREIGN AFFAIRS

JOHN KEE, West Virginia, Chairman

JAMES P. RICHARDS, South Carolina
JOSEPH L. PFEIFER, New York
THOMAS S. GORDON, Illinois

HELEN GAHAGAN DOUGLAS, California

MIKE MANSFIELD, Montana

THOMAS E. MORGAN, Pennsylvania

LAURIE C. BATTLE, Alabama

GEORGE A. SMATHERS, Florida

A. S. J. CARNAHAN, Missouri

THURMOND CHATHAM, North Carolina

CLEMENT J. ZABLOCKI, Wisconsin
A. A. RIBICOFF, Connecticut

OMAR BURLESON, Texas

II

CHARLES A. EATON, New Jersey
ROBERT B. CHIPERFIELD, Illinois
JOHN M. VORYS, Ohio

FRANCES P. BOLTON, Ohio

LAWRENCE H. SMITH, Wisconsin

CHESTER E. MERROW, New Hampshire

WALTER H. JUDD, Minnesota

JAMES G. FULTON, Pennsylvania

JACOB K. JAVITS, New York

JOHN DAVIS LODGE, Connecticut
DONALD L. JACKSON, California

BOYD CRAWFORD, Administrative Officer and Committee Clerk
CHARLES B. MARSHALL, Staff Consultant

IRA E. BENNETT, Staff Consultant
SHELDON Z. KAPLAN, Staff Consultant

GEORGE LEE MILLIKAN, Staff Consultant

JUNE NIGH, Staff Assistant

WINIFRED OSBORNE, Staff Assistant

DORIS LEONE, Staff Assistant

MABEL WOFFORD, Staff Assistant

MARY G. CHACE, Staff Assistant

HC59

A3 153

1949

CONTENTS

LIST OF WITNESSES

83

Tuesday, September 27, 1949:

Hon. James E. Webb, Under Secretary of State---

Page

4-9, 21-41

STATEMENT SUBMITTED FOR THE RECORD

Text of H. R. 5615, Eighty-first Congress, first session__
Private Enterprise and the Point IV program (recommendations of the
National Foreign Trade Council Inc.).

Page

1-3

100-110

United States loses in United Nations on a Point IV move-Economic Coun-
cil bars plan to have experts draft lines for development aid (article
in New York Times, July 29, 1949).
Report of special committee on Point IV program, Chamber of Commerce
of the United States___

149-150

154-162

Text of H. R. 6026, Eighty-first Congress, first session___
Summary of tax treatment accorded by other countries to business income
of their nationals from foreign sources.

174-180

182-183

227-236

Letter of August 23, 1949, from Hon. Spruille Braden to Hon. Christian
Herter, Representative in Congress from the State of Massachusetts-- 221-224
Point IV by private enterprise (address by Hon. Spruille Braden)--
Statement of Benjamin C. Marsh, secretary, Peoples' Lobby, Inc----- 270-272
Statement of the Secretary of Labor on the International Technical
Cooperation bill

273-277
312-314

330

Statement on H. R. 5615 on behalf of the Detroit Board of Commerce.
Memorandum concerning technical-assistance program of the Economic
Cooperation Administration

Statement of H. A. Howard, national director of the bigger-and-better-
business program of Phi Beta Sigma, a national collegiate frater-
nity-

330-332

Statement of Robert E. Rodes, representing the American Trade Asso-
ciation of Morocco and the Morocco Post of the American Legion___. 332-335
Letter of June 2, 1949, from Robert E. Rodes to Assistant Secretary of
State Willard Thorp_.

334

335-336

Joint Statement by Morocco Post No. 1, American Legion, and Ameri-
can Trade Association of Morocco_.

State Department hearings on Morocco-French proposals for continued
suppression of independent American business--

336-338

Letter of September 7, 1949, from Robert E. Rodes to the Secretary of
State_.

338-339

Recommended terms for negotiation relative to concessions requested by
French officials in Morocco---

339

Letter of September 30, 1949, from Albert Mevi, president, Tartaric Raw
Materials, Inc., to Assistant Secretary of State Willard Thorp_‒‒‒ 339-342
Letter of August 28, 1949, from Robert E. Rodes to Assistant Secretary
of State George McGhee__

342-345

343

Page

Article by Albert Ravenholt, from the Chicago Daily News of December
9, 1949-

379-381

Table I. Total United States direct investments abroad, by area.
Table II. Net United States direct-investment capital movements, by area
and industry, 1945-47-.

491

491

Table III. Income on United States direct investments abroad, net capital
outflow or inflow, and reinvestment earnings of foreign subsidiaries__
Table IV. Proposed first-year technical cooperation program by func-
tional category, estimated costs to recipient countries and to United
States or international agency--.

492

492

Table V. Geographic distribution of proposed first-year technical CO-
operation program by functional category (total cost, including esti-
mated amount to be borne by recipient country)---

493

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