811.516 Export-Import Bank/10–647: Airgram

The Acting Secretary of State to the Embassy in Mexico

restricted

A–770. Credit application for $3.5 million behalf Nueva Compañía Electrica Chapala, S.A., to finance purchases in U.S. of equipment and materials for Colomilla Hydro-electric Power Plant, [Page 769] two associated transmission lines, and the pumping station was approved by Eximbank Board of Directors October 1. This is the first specific credit approved under the $50 million commitment made to Mexico in April 1947.

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Lovett