No. 921
Editorial Note
On September 3, President Eisenhower signed into law the Mutual Security Appropriations Act of 1955, Public Law 83–778 (68 Stat. 1219). Included in it as Section 109 was the McCarran Amendment, which provided that $55 million be made available to Spain to finance the purchase with pesetas of surplus agricultural commodities in fiscal year 1955. The amendment further stipulated that 80 percent of the pesetas generated through these purchases “be used to strengthen and improve the civilian economy of Spain,” thus providing an additional source of aid, beyond that agreed upon at the time of the signing of the September 1953 agreements, for the Spanish economy.