Editorial Note
On February 11, 1948 the Board of Directors of the Export-Import Bank approved the application of Nacional Financiera on behalf of Guanos y Fertilizantes de Mexico, S.A. for a credit of $6 million under the $50 million commitment authorized to Mexico on April 30, 1947, to finance the construction of an ammonium sulfate plant (airgram 72, February 18 to the Embassy in Mexico, 811.516 Export-Import Bank/2–1848, not printed).
On September 15 the Board of Directors of the Eximbank approved a $1.5 million credit to La Consolidada through Nacional Financiera on the guaranty of the Government of Mexico for the purpose of providing additional working capital (airgram 622, October 18 to the Embassy in Mexico, 811.516 Export-Import Bank/10–1848, not printed).
For documentation on amendments with respect to previous credit authorizations (1) Eximbank credit 427, November 21, 1947, $5,000,000 to Nacional Financiera, S.A. to assist in financing the purchase of United States agricultural equipment, and (2) Eximbank credit 392, February 13, 1946, $3,000,000 in favor of the Aeronautical Radio de Mexico, S.A. to finance the installation of equipment necessary to establish an integrated airway meteorological and communications system, see memoranda by the Associate Chief and the Acting Chief of the Division of Investment and Economic Development, June 2 and June 21, in Department of State file 812.51.