FRC Lot 53 A 278: ECA Cable Files
The ECA Acting Administrator (Bissell) to the Embassy in the Philippines
Subject: FY53 Budget Submission
Ecato 1577. 1. For your information: FY53 final submission Budget Bureau totals $50,129 thousand.
2. Dollar funds by categories as follows: Public Health 6,945; Agriculture 21,085; Transportation, Public Works, etc. 8,988; Handicraft, Manufacturing, etc. 501; Education 2,121; Public Administration 345; Maintenance Essential Supply 10,144.
3. Proposed loan projects discussed Ex–Im Bank officials who indicated general preparedness, without commitment specific projects, extend loans FY 53 aggregating $25 million or more. Further details separate cable.
4. Copies’53 presentation1 being airpouched.
5. Final submission in general is combination first and second priorities proposed by STEM,2 with minor modifications occasioned by last-minute cable and telecon exchange views with STEM which were most helpful.
6. Regret deadline did not permit further exchange. However before’53 program is finally firmed up there will be adequate time for further detailed review by you.