Word: eca
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...European newspapers played up the Ferranti story as a prime object lesson to "prove" that the U.S. was not practicing what it preached. Biggest complaints came from continental businessmen who have resented ECA's constant pressure for freer trade and from Britons who have persistently ignored the requirements of the U.S. market. They complained that Americans were not permitting free competition in the U.S. by Europeans. Sir Cecil Weir, chairman of the British Dollar Export Board, even hustled over to ECA's Washington office to protest that Seattle had discriminated against Ferranti...
...week's end, after an investigation, ECA concluded that all such charges were eyewash. Said ECA: "The British didn't meet the specifications, that...
...Chinese students here now, 23 are receiving aid from the U. S. government. This money comes from two ECA grants made by Congress last year, the first for $500,000, the second for $4,000,000. The first checks from these funds were received by applicants in December...
...order to be the recipient of ECA money, an applicant 1) must be a Chinese citizen; 2) must have engaged in a course of study during the academic year 1948-19; 3) must be enrolled or doing work on a full-time basis to meet academic requirements during the period for which aid is requested; 4) must be in need of financial assistance; and 5) must be and remain in good academic standing...
...buyers may export the foodstuffs to any country they like, provided no ECA funds are used in payment. Because of high shipping costs, CCC was not at all sure that much would be exported even at the low prices...