Word: importance
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Dates: during 1940-1949
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Nevertheless, in Haiti, a new Government development company, with a $3,000,000 Export-Import Bank Loan, is so fascinated with its $25,000-$50,000 perfume experiments that Nelson Rockefeller's tropical agriculture expert Atherton Lee says "they have to be reminded about the rubber program." Haiti's President, silver-haired Elie Lescot,† negotiated this loan himself last spring, when he was still Minister to the U.S. Longtime (1922-30) Minister of Education & Agriculture, he has for years taken a keen interest in developing new farm products and markets for his small, crowded, beautiful country...
...Government's reply to Labor's rumblings was entrusted to the Lord President of the Council's committee (headed by crusty Sir John Anderson) which coordinates the work of the import and export executive. Sir John, placating the Laborites with the assurance that the Government "will not be timid or halfhearted" about conscripting any property likely to help the war effort* offered a rather undiplomatic explanation of what he meant. Bumbled he: "All property is not equally valuable for the purpose of the war effort. For example, Old Masters, or stocks of wines and cigars...
...future allocations will be based, SPAB is compiling U.S. Army, Navy and military Lend-Lease requirements; OPA the U.S. domestic requirements; EDB, the requirements of the rest of the world. If, as subordinates suggest, EDB gets control of Lend-Lease and RFC foreign lending powers (especially of the Export-Import Bank), it will be the distribution center for all U.S.-controlled materials throughout the world...
...Export-Import Bank agreed to put up $30,000,000 in credits-at the rate of $10,000,000 a year-for roadbuilding...
...Metals Reserve Co.'s original 10? a lb. offer (delivered in New York) did not encourage all-out production in Latin America. So Jesse Jones's Deputy Will Clayton late in September raised his ante to 11½?a lb. By last week, the latest import figures made it appear that he had also licked the other big Latin American copper problem: shipping space. Chile alone (counted on for 80% of U.S. copper imports) shipped 54,000 tons to the U.S. in August, more than twice last February's low. OPM now counts on Latin America...