Word: imported
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President Truman's proposed $7 billion limit on foreign loans and stiff Congressional opposition to foreign lending were the obstacles Blum faced. But Washington observers thought France might get up to three-quarters of a billion through the Export-Import Bank...
Like men who came to dinner and wouldn't go away, foreign purchasing missions have long since outstayed their welcome in the U.S. Last week the Export-Import Bank asked them to go home...
...first semiannual report to Congress, the Export-Import Bank said that foreign trade should be returned to private channels as rapidly as possible. It feared that continued buying by foreign missions might lead to their permanent establishment in the U.S. This would enable foreign governments to 1) use their mass purchasing power to by-pass ordinary trade channels, 2) squeeze U.S. brand names out of foreign markets. In effect, the U.S. hope of free trade would be smothered by the state traders...
...taxes and continued shortages. Reparations in kind from Japan will eventually help. But Manchuria, once the white hope of China's reconstruction, has become a liability instead of an asset, thanks to Russian stripping of Japanese-built factories. A $33,000,000 cotton loan from the U.S. Export-Import Bank promises to ease the textile situation. Most effective will be UNRRA's $562,000,000 shot in China's economic arm, but this will only start the job of rehabilitation...
...animal prices sky high. In Burma, the war had killed off many elephants. The remainder were being used for reconstruction. In India, wealthy anti-British natives had been investing in elephants rather than war bonds, had driven elephant prices up to $2,250. Expenses of transportation and the 15% import duty on animals would bring the cost to the dealer up to $5,000 in New York. Prewar price to zoos: $2,000 to $3,000, f.o.b. New York...