WORLD BANK

HEARINGS

BEFORE THE

COMMITTEE ON BANKING AND CURRENCY

UNITED STATES SENATE

EIGHTY-THIRD CONGRESS

SECOND SESSION

ON

S. Res. 25

A RESOLUTION TO AUTHORIZE AND DIRECT A THOROUGH

STUDY OF THE OPERATIONS OF THE EXPORT-IMPORT

BANK AND THE INTERNATIONAL BANK FOR RECONSTRUC-

TION AND DEVELOPMENT AND THEIR RELATIONSHIP TO

EXPANSION OF INTERNATIONAL TRADE

42493

PART 1

JANUARY 25, 27, 28, 29, FEBRUARY 1 AND 2, 1954

Printed for the use of the Committee on Banking and Currency

UNITED STATES

GOVERNMENT PRINTING OFFICE

WASHINGTON: 1954

CONTENTS

S. Res. 25.

Statement of-

Page

3

158

Anderson, Arthur, Assistant Treasurer, Export-Import Bank--------

Arey, Hawthorne, Assistant Director, Export-Import Bank---- 86, 133, 170

Beretta, Francis, assistant to the general manager, Empresa Sider-

urgica Nacional de Paz de Rio, Bogota, Colombia

Boettler, Herbert F., vice president, First National Bank, St. Louis,
Mo..

Campos, Roberto, Banco Nacional do Desenvolvimento Economico,
Rio de Janeiro, Brazil...

Carlton, O. L., vice president, Central National Bank of Cleveland,
Ohio..

Chadsey, Horace M., vice president, First National Bank of Boston,
Mass

359

227

376

260

195, 200

Christie, Lansdell K., president, Liberia Mining Co., Ltd., New

York, N. Y.

Corea, Luis F., vice president, Riggs National Bank, Washington,
D. C....

Crockard, Merle R., assistant vice president, Second National Bank

of Houston, Tex.

302

271

186

Dewey, Chester R., president, Grace National Bank, New York, N. Y-
Edgerton, Glen E., Managing Director, Export-Import Bank--
Eisenmann, Roberto, president, Hoteles Interamericanos, repre-
senting El Panama Hotel, Republic of Panama...

Faulk, E. W., senior vice president, Merchants National Bank,

Mobile, Ala

250

59

345

190

Frey, Henry A., Jr., assistant vice president, Philadelphia National

Bank

222

Garza, Virgilio, Jr., Kojalata y Lamino, S. A., Monterrey, Mexico---

Gomory, Andrew L., vice president, Manufacturers Trust Co., New

York, N. Y..

390

Grenas, Eduardo, managing director, Corporacion Mexicana and

Associacion Mexicana de Importadores de Maquinaria, Mexico

City

Grove, Curtiss C., vice president, Bank of the Manhattan Co., New

York, N. Y.

Huggins, E. V., vice president, Westinghouse International Electric

Co...

167

393

219

76

Hwoschinsky, Basil, senior vice president, Hanover Bank of New

York, N. Y

213

Jaramaillo Ferro, Roberto, general manager, Empresa Siderurgica

Nacional de Paz de Rio, Bogota, Colombia - -

354

Long, Albert L., vice president, Republic National Bank of Dallas,

Tex...

264

Machado, Oscar A., Jr., general manager, Compania Anonima la
Electricidad de Caracas, Venezuela--

291

Maffry, August, vice president, Irving Trust Co., New York, N. Y.- 174, 224

Maiwandwal, Mohammed H., counselor of Afghanistan Embassy,

Washington, D. C...

308

McKenna, Norbert A., Reynolds & Co., New York, N. Y.

Meili, Ernest H., senior vice president, J. Henry Schroder Banking

240

Corp., New York, N. Y.

279

Noriega, Manuel, Compania Fundidora de Fierro y Acero de Monter-

rey, S. A., New York, N. Y..

304

Pape, H. R., general manager, Altos Hornos de Mexico, S. A.__-----

Pinheiro, Jose G. de A., Compania Siderurgica Nacional, Rio de

324

Janeiro, Brazil.

371

Rovira S., German, Corporacion Boliviana de Fomento and Yaci-

mientos Petroliferos Fiscales Bolivianos..

368