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9:55 AM Meeting with Herman Kleine and Russell McClure [Notice to Press]

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7 October 1974 Office of the White House Press Secretary NOTICE TO THE PRESS 9:55 AM Meeting with Herman Kleine and Russell McClure Mr. Kleine and Mr. McClure returned Wednesday from Honduras where the President had sent them to survey the damage caused by Hurricane Fifi. The report concludes that the devastation was great and the country's economic capacity severely set back as a result of the storm and subsequent flooding. A substantial portion of the banana trees, on which the country depends for its major export, have been destroyed and will take eighteen months to two years to replace. Damage estimates are $500 million in a nation with an annual GNP of $1 billion. U.S. emergency relief efforts were significant but are now phasing out, and AID is planning a $5 million grant and $10-15 million concessional loan rehabilitation program. ### Digitized from Box 3 of the White House Press Releases at the Gerald R. Ford Presidential Library

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Type
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Media ID
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Size
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Document data

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    "ocrText": "7\nOctober 1974\nOffice of the White House Press Secretary\nNOTICE TO THE PRESS\n9:55 AM Meeting with Herman Kleine and Russell McClure\nMr. Kleine and Mr. McClure returned Wednesday from Honduras where\nthe President had sent them to survey the damage caused by Hurricane Fifi.\nThe report concludes that the devastation was great and the country's\neconomic capacity severely set back as a result of the storm and subsequent\nflooding. A substantial portion of the banana trees, on which the country\ndepends for its major export, have been destroyed and will take eighteen\nmonths to two years to replace. Damage estimates are $500 million in a\nnation with an annual GNP of $1 billion. U.S. emergency relief efforts\nwere significant but are now phasing out, and AID is planning a $5 million\ngrant and $10-15 million concessional loan rehabilitation program.\n###\nDigitized from Box 3 of the White House Press Releases at the Gerald R. Ford Presidential Library"
}