Summary of increases and decreases Decrease in appropriation for sale of surplus agricultural commodities for foreign currencies under title I, Public Law 480 Decrease in appropriation for commodities disposed of for emergency famine relief to friendly peoples under title II, Public Law 480 Increase in appropriation for long-term supply contracts under title IV, Public Law 480 Project statement (on basis of appropriation) -$136, 804, 000 -34, 549, 000 +39, 000, 000 Sale of surplus agricultural commodities for foreign currencies (title I) Estimated, Estimated, Increase (+) decrease (-) or Expenses of shipments: Commodity Credit Corporation stocks. Ocean transportation Total, expenses of shipments... Interest expense on unrecovered balance.. Total expenses.. Recoveries from sales of currencies and rental receipts (deduct).-262, 500, 000 Net expenses current year's costs recoverable from ap- Unrecovered costs financed by Commodity Credit Corpora tion: 1961. 1962. Total appropriation or estimate....... +42, 500, 000 -$7, 110, 000 -13, 375, 000 -1, 515,000 -22, 000, 000 -800, 035 -22, 800, 035 +262, 500,000 -42, 500, 000 1, 254, 800, 035 1, 452, 000, 000 +197, 199, 965 Status of foreign currencies for which dollar recoveries are anticipated and its impact on CCC borrowing authority. Estimated Estimated 1963 1964 Amount recoverable from currencies to be sold, beginning of year: Military housing.. Total........ Estimated use of currencies for which future recoveries will be received: 1 Receipts applied against Commodity Credit Corporation balance rather than against appropriation Commodities disposed of for emergency famine relief to friendly peoples (title II) |