Foreign Relations of the United States, 1947, The Near East and Africa, Volume V

883.51/6–447: Telegram

The Secretary of State to the Embassy in Egypt

confidential
us urgent

Washington, July 23, 1947—3 p. m.

1076. Board Eximbank Jul 16 approved resolution establishing credit $5.6 million to assist Fertilizer & Chemical Industries of Egypt financing purchase US goods and services, (Urtel 655 Jun 4¹) Advances to be covered by notes Chemical Industries bearing interest 3½% to be repaid semiannually beginning Jul 1, 1950 ending Jan 1, 1953.

[Here follow further details of the credit and a statement that the matter was “not for public release at present.”]

Marshall

1. Not printed.