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...Legislation widening the lending authority of the Export-Import Bank so that the Bank can advance dollars needed to buy Canadian and Latin American goods for Europe...
...Export-Import Bank authorized France to use $93 million (and Italy $32 million) in untapped reconstruction credits for emergency purchases of fuel. The Army bought $50 million worth of French francs to pay off the first installment on wartime debts for rent, transportation and food. The biggest lump sum was a preliminary divvy of $360 million in gold looted by the Germans: $104 million to France, $29.4 million to Austria, $4 million to Italy, $40 million to The Netherlands...
Despite pep talks to labor, Argentine factory production is down 40%. Despite import curbs, gold and exchange resources are dropping at the rate of about $2,000,000 a day. Shortages multiply in such essentials as oil. Last week, in his own way, President Perón explained what all this meant to his Five-Year Plan: Said he: "Other governments . . . when they initiated a project calculated whether they could finish it in four or five years' time so that upon completion they could install plaques with the names of the President and his ministers. ... I have projected...
...control the inflation China needs now a portion of the credits we have envisaged, perhaps $75 million. The remainder of the $200 million for the first year of our Three Year Plan can await action by the Congress; but either from the U.S. foreign relief program or the Export-Import Bank, or some other source, this $75 million must be obtained in the next 30 days...
Queen Mary gave a matronly shove to a campaign to export ladies' handiwork (and thus import U.S. dollars) by contributing six flowery chair-covers which she had embroidered herself...