860D.51/1–2247: Telegram

The Secretary of State to the Legation in Finland


23. Eximbank approved Jan 22 credits Finland $20 million interest 3½ percent for purchase in US principally equipment rehabilitation lumber pulp paper industry including $5.5 million for coal and petroleum repayment begin 1954 and 1958; short term $10 million interest 2½ percent for purchase foodstuffs repayment before end 1947; short term $2 million to finance shipments cotton; and approved participation with suppliers in exporter credits up to $5 million to cover purchases industrial commodities. Bank announcing to press for immediate release.