Foreign Aid Appropriations for 1951: Hearings Before the Subcommittee of the Committee on Appropriations, House of Representatives, Eighty-first Congress, Second Session |
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Page 14
... balance amongst the 17 countries today - not a bilateral balance but a multilateral balance and an essential element to that is the payments union which merely will provide the mechanism by which the merchant in Greece who wants ...
... balance amongst the 17 countries today - not a bilateral balance but a multilateral balance and an essential element to that is the payments union which merely will provide the mechanism by which the merchant in Greece who wants ...
Page 16
... balance . Accordingly , it is time to take a further step through the creation of a European Payments Union which will make European currencies freely convertible into one another ( for current as distinguished from captial transactions ) ...
... balance . Accordingly , it is time to take a further step through the creation of a European Payments Union which will make European currencies freely convertible into one another ( for current as distinguished from captial transactions ) ...
Page 17
... balance will be paid for partly out of the dollar resources of the countries themselves and partly out of funds loaned to the pay- ments union by the creditors , without any relation to ECA aid . Whenever a country turns out to be a ...
... balance will be paid for partly out of the dollar resources of the countries themselves and partly out of funds loaned to the pay- ments union by the creditors , without any relation to ECA aid . Whenever a country turns out to be a ...
Page 19
... balance at a pretty low level . Mr. GARY . To close the dollar gap ? Mr. HOFFMAN . To close the dollar gap . Mr. TABER . You mean in addition to what he exports currently ? Mr. HOFFMAN . No ; that is total . That is pulling this down to ...
... balance at a pretty low level . Mr. GARY . To close the dollar gap ? Mr. HOFFMAN . To close the dollar gap . Mr. TABER . You mean in addition to what he exports currently ? Mr. HOFFMAN . No ; that is total . That is pulling this down to ...
Page 20
... balance temporarily has to be taken up by getting dollars abroad by investment abroad . That is a sound basis . But if we had better conditions in Europe , I think the slack will be taken up by 1953 plus this fact , that when this ...
... balance temporarily has to be taken up by getting dollars abroad by investment abroad . That is a sound basis . But if we had better conditions in Europe , I think the slack will be taken up by 1953 plus this fact , that when this ...
Common terms and phrases
activities administrative agricultural products American amount appropriation Army Austria balance of payments Belgium BISSELL British budget BYROADE capital coal commodities CONGRESS cost counterpart funds currencies deficit Denmark Department deutschemarks dollar area DRUMMOND economic employees equipment ERP aid estimated Europe European expenditures exports figure financed fiscal year 1951 FITZGERALD food and agricultural foreign FOSTER France French GARIOA GARVIN GARY Germany gold and dollars Government Greece HANES HOFFMAN included increase industrial imports information program investment Italy Japan Japanese JEFFERS June 30 KENNEY Marshall plan McCLOY ment military million dollars mission months Netherlands OEEC Office operations over-all overseas territories participating countries payments union percent personnel PORTER prewar projects raw materials recovery requested ROONEY Ryukyu Islands Ryukyus set-up shipments situation steel supplies surplus TABER ticipat tion tons Total imports trade Trieste United Kingdom VOORHEES western WIGGLESWORTH WOLFE ZELLERBACH
Popular passages
Page 532 - Ryukyus for the movement of supplies donated to or purchased by, United States voluntary non-profit relief agencies registered with and recommended by the Advisory Committee on Voluntary Foreign Aid or of relief packages consigned to individuals residing in such areas ; Provided further.
Page 532 - ... without reimbursement and without regard to the appropriation from which procured, such property as the Director of the Bureau of the Budget shall determine to relate primarily to any function or functions so transferred...
Page 31 - States and particularly to small independent enterprises, information, as far in advance as possible, with respect to purchases proposed to be financed with such funds, (2) by causing to be made available to prospective purchasers in the nations receiving assistance under this Act information as to commodities and services produced by small independent enterprises in the United States...
Page 31 - The Secretary of Defense shall assure that there is made available to suppliers in the United States, and particularly to small independent enterprises, information with respect to purchases made by the Department of Defense pursuant to part II, such information to be furnished as far in advance as possible.
Page 530 - ... such minimum supplies for the civilian populations of such areas as may be essential to prevent starvation, disease, or unrest, prejudicial to the objectives sought to be accomplished; and such supplies, commodities, and equipment as may be essential to carry out the purposes of this appropriation...
Page 31 - Act — (1) by causing to be made available to suppliers in the United States and particularly to small independent enterprises, information, as far in advance as possible, with respect to purchases proposed to be financed with such funds.
Page 356 - The information requested was not supplied at the time of printing and may be found in the appendix appearing at the end of the printed hearing.
Page 554 - What has been accomplished in other occupied areas, at substantially greater cost, was because of an earlier large direct outlay plus billions of dollars of aid in contiguous trading areas which contributed to the recovery of Germany, and multiplied the effectiveness of our direct aid to Germany. Germany was integrated into the European recovery program. This has not been true in the Far East. A growing market was created for German production while Japan continues to exist in an area of political...
Page 14 - This new payments union will be an improvement over the old intra-European payments plan in two important respects. The first is that it will permit trade to be conducted within Europe on a truly multilateral basis. The payments union will be, in effect, a clearinghouse of which all the central banks of the participating countries will be members and through which they will be able to settle their accounts with one another. Even at the present time, individual private transactions between the citizens...
Page 201 - Bouches du Rhone Department with the help of the Ministry of Agriculture and thanks to the generous aid of ERP funds by the United States of America.