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677
PREPARING OFFICE WILL
PREPARING OFFICE
TELEGRAM SENT
WILL INDICATE WHITHER
TYPE HERK CLEARLY THE
Collec
CLASSIFICATION OF THE
18/
MESSAGE:
Department of State
Charge Department
secret 677
Washington
Charge to
Re
Council is now consimering the following general policy:
A. The United States is desirous of partipating to
the greatest extent practicable in sound programs of recon
struction and development.
B. It is placing primary reliance on the International
Bank for Reconstruction and Development for financing such
programs. In addition to this Government's large capital
subscription to the Bank, it is anticipated that nearly all
of the Bank's funds will be raised by placing its debentures
and guarantees in the United States money market.
C. The International Bank will probably be in a posi-
tion to make only small commitments this year, and these
in the fall and winter.
D. However, the Exi mbank will be used to meet interim
urgent reconstruction needs requiring commitment of funds
in 1946, and deliveries until about the middle of 1947.
The necessity of requesting Congress to provide additional
funds to the Eximbank to meet the purposes in D above is being
8 tudied. In this study we have suggested a top figure for China
of $500 million. In the absence of substantial additional
funda from Congress for the Eximban k, the rigid application of
cannot
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"ocrText": "677\nPREPARING OFFICE WILL\nPREPARING OFFICE\nTELEGRAM SENT\nWILL INDICATE WHITHER\nTYPE HERK CLEARLY THE\nCollec\nCLASSIFICATION OF THE\n18/\nMESSAGE:\nDepartment of State\nCharge Department\nsecret 677\nWashington\nCharge to\nRe\nCouncil is now consimering the following general policy:\nA. The United States is desirous of partipating to\nthe greatest extent practicable in sound programs of recon\nstruction and development.\nB. It is placing primary reliance on the International\nBank for Reconstruction and Development for financing such\nprograms. In addition to this Government's large capital\nsubscription to the Bank, it is anticipated that nearly all\nof the Bank's funds will be raised by placing its debentures\nand guarantees in the United States money market.\nC. The International Bank will probably be in a posi-\ntion to make only small commitments this year, and these\nin the fall and winter.\nD. However, the Exi mbank will be used to meet interim\nurgent reconstruction needs requiring commitment of funds\nin 1946, and deliveries until about the middle of 1947.\nThe necessity of requesting Congress to provide additional\nfunds to the Eximbank to meet the purposes in D above is being\n8 tudied. In this study we have suggested a top figure for China\nof $500 million. In the absence of substantial additional\nfunda from Congress for the Eximban k, the rigid application of\ncannot"
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