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Minutes, Agendas and Correspondence - 1948

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- 2 - TRUMAN NARA Local Currency The bill should provide that the local currency equivalent of goods or services provided on a grant basis should be held by the participating countries and used for mutually agreed stabilization and productive purposes. The local currency should not be owned by the United States and should not be used to pay for goods that would otherwise be paid for in dollars, Cooperation with UN and other International Agencies The bill should authorize full cooperation with UN, its affiliated agencies, and other international agencies including the continuing organization set up by the participating countries. Encouragement of Private Financing The bill should provide for the fullest possible use and encouragement of private financing and the International Bank. Necessity for Prompt Legislation Prompt Enactment of the Legislation should not be prevented by protracted debate over the form of administration.

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    "ocrText": "- 2 -\nTRUMAN NARA\nLocal Currency\nThe bill should provide that the local currency equivalent\nof goods or services provided on a grant basis should be held by the\nparticipating countries and used for mutually agreed stabilization and\nproductive purposes. The local currency should not be owned by the\nUnited States and should not be used to pay for goods that would\notherwise be paid for in dollars,\nCooperation with UN and other International Agencies\nThe bill should authorize full cooperation with UN, its\naffiliated agencies, and other international agencies including the\ncontinuing organization set up by the participating countries.\nEncouragement of Private Financing\nThe bill should provide for the fullest possible use and\nencouragement of private financing and the International Bank.\nNecessity for Prompt Legislation\nPrompt Enactment of the Legislation should not be prevented\nby protracted debate over the form of administration."
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