No. 523
Editorial Note
In response to a request for advice from the Export-Import Bank concerning a proposed $200 million credit to France, the National Advisory Council approved consideration of this credit at its 194th meeting on June 9. On the recommendation of the Staff Committee, contained in NAC document No. 1325, the action was approved without discussion. The minutes of this 194th meeting and the Staff Committee document are in NAC files, lot 60 D 137.
On June 25 the Export-Import Bank announced its decision to extend a $200 million credit to the Republic of France in order that France could receive immediately dollar proceeds of contracts being placed in France under the provisions of the Mutual Security Program. For the text of this announcement, see Department of State Bulletin, July 21, 1952, page 105.