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AN EDUCATIONAL EXCHANGE PROGRAM TO BE FINANCED OUT OF PAYMENTS TO THE UNITED STATES ON FINLAND'S DEBT

REPORT

OF THE

COMMITTEE ON FOREIGN AFFAIRS

ON

H. J. Res. 87

A JOINT RESOLUTION TO PROVIDE THAT ANY FUTURE
PAYMENTS BY THE REPUBLIC OF FINLAND ON THE
PRINCIPAL OR INTEREST OF ITS DEBT OF THE FIRST
WORLD WAR TO THE UNITED STATES SHALL BE USED
TO PROVIDE EDUCATIONAL AND TECHNICAL INSTRUC-
TION AND TRAINING IN THE UNITED STATES FOR CITI-
ZENS OF FINLAND AND AMERICAN BOOKS AND
TECHNICAL EQUIPMENT FOR INSTITUTIONS
OF HIGHER EDUCATION IN FINLAND

AUGUST 5, 1949.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

UNITED STATES

GOVERNMENT PRINTING OFFICE

WASHINGTON: 1949

AN EDUCATIONAL

EXCHANGE PROGRAM TO BE FI

NANCED OUT OF PAYMENTS TO THE UNITED STATES ON FINLAND'S DEBT

AUGUST 5, 1949.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

Mr. RICHARDS, from the Committee on Foreign Affairs, submitted the following

REPORT

[To accompany H. J. Res. 87]

The Committee on Foreign Affairs, to whom was referred the joint resolution (H. J. Res. 87) to provide that any future payments by the Republic of Finland on the principal or interest of its debt of the First World War to the United States shall be used to provide educational and technical instruction and training in the United States for citizens of Finland and American books and technical equipment for institutions of higher education in Finland, having considered the same, report favorably thereon with amendments and recommend that the joint resolution as amended do pass.

The amendments are as follows:

Strike out all below the resolving clause and insert in lieu thereof the following:

That any sums due or paid on and after the date of enactment of this joint resolution by the Republic of Finland to the United States as interest on or in retirement of the principal of the debt incurred under the Act of February 25, 1919, as refunded by the agreement dated May 1, 1923, pursuant to authority contained in the Act of February 9, 1922, or of any other indebtedness incurred by that republic and owing to the United States as a result of World War I, shall be placed in a special deposit account in the Treasury of the United States, to remain available until expended. This account shall be available to the Department of State to finance by contract, grant, or otherwise

(a) studies, instruction, technical training, and other educational activities in the United States and its Territories and possessions (1) for students, professors, other academic persons, and technicians who are citizens of the Republic of Finland and, (2) with the approval of appropriate agencies, institutions, or organizations in Finland, for students, professors, other academic persons, and technicians who are citizens of the United States to participate in similar activities in Finland, including in both cases travel expenses, tuition, subsistence, and other allowances and expenses incident to such activities; and

(b) the selection, purchase, and shipment of (1) American scientific, technical, and scholarly books and books of American literature for higher educational and

H. Repts., 81-1, vol. 589

1

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