Foreign Relations of the United States, 1946, General; the United Nations, Volume I

Department of State National Advisory Council Files

Memorandum Prepared by the Staff Committee of the National Advisory Council for the Council

NAC–59

[Washington,] February 5, 1946.

In connection with NAC Document No. 58,³⁷ the Staff Committee recommends consideration of the following alternative lists of probable loan requirements for the Export-Import Bank during calendar 1946. Alternative “A” is presented on the assumption that the Council may consider it inadvisable to recommend any increase of the Export-Import Bank’s lending power.

Alternative “B”, incorporating recommendations of the State Department, is presented on the assumption that the Council may find it advisable to recommend a $1.5 billion increase in the Export-Import Bank’s lending power, which would include provision for a $1 billion loan to the U.S.S.R.

	Alternative “A”	Alternative “B”
	(in millions of dollars)
Europe
Belgium	50	50
Czechoslovakia	75	100
Denmark	30	30
Finland	65	65
France	500	500
Greece	50	75
Italy	100	100
Netherlands	100	100
Norway	50	50
Poland	50	100
U.S.S.R.	—	1,000
Yugoslavia	50	75
Middle East
Turkey	25	25
Egypt	—	—
Saudi Arabia	25	25
Far East and India
China	300	500
Netherlands East Indies	100	100
Philippine Islands	—	50
India	50	50
Latin America	150	200
Other Countries and Other Programs	300	400
Total	2,070	3,595

37. NAC Document 58 is an early draft of the loan statement and is not printed.