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dealing with this same subject appearing Under this paragraph, Mr. President, I ask unanimous consent that tables in the House-passed bill.

note that it must be proven by "substan- showing these loans for steelmaking be The Foreign Assistance Act of 1961 al- tial evidence that competition in the U.S. printed at the conclusion of my remarks. ready has a provision aimed at cutting market will take place.” However, if The PRESIDING OFFICER. Without down competition with U.S. Industries there is a possibility that such compe- objection, it is so ordered. through loans abroad. I ask unanimous tition will occur, the loan may still be (See exhibit 2.) consent that section 620(d) of the For- granted. Apparently it must be proven Mr. GRUENING. Mr. President, the eign Assistance Act of 1961 be printed by the strongest evidence that there will gentleman from Texas, Representative in the RECORD at this point in my

my be competition. In these enterprises- BOB CASEY, has obtained from the remarks.

such as steel mills, for example-why Library of Congress a listing of loans There being no objection, the section should there not be the requirement that and grants to steel industries abroad, to was ordered to be printed in the RECORD, it must be proven by substantial evidence pulp and paper plants abroad, to petroas follows:

that there will not be competition with leum and related facilities abroad, to U.S. industries?

chemical plants abroad, to aluminum (d) No assistance shall be furnished under section 201 of this Act for construction or op

But this strange order weakens the plants abroad, to plastic plants abroad, eration of any productive enterprise in any congressional directive contained in sec and to rubber plants abroad. He is country where such enterprise will compete tion 620(d) even still further.

greatly to be commended for obtaining with United States enterprise unless such Paragraph II-B provides:

such a list. It is admittedly an incomcountry has agreed that it will establish appropriate procedures to prevent the exporta

B. U.S. market: The restrictive provision plete list since the Library of Congress tion for use or consumption in the United

applies only with respect to direct competi, forwarded it to him with this caveat: States of more than 20 per centum of the an

tion in the U.S. market. It is not designed The enumeration of total foreign aid to

to limit exports for use or consumption outnual production of such facility during the

specific industries can be undertaken with life of the loan. In case of failure to imple- side the United States even though such only limited success. * * The Agency itself ment such agreement by the other contract- exports would compete with U.S. enterprises does not compile aid figures according to in

in foreign markets. ing party, the President is authorized to es

dustry or by name. tablish necessary import controls to effectu Observe, Mr. President, the only con According to that chart, in the years ate the agreement. The restrictions imposed by or pursuant to this subsection may be sideration is the market for the particu- from

1945 to 1963 the United States has waived by the President where he determines lar product in the United States. The given or loaned for steel mills the total that such waiver is in the national security paragraph specifically decrees that ex

sum of at least $1,735,685,782. interest. ports outside the United States are not

Is it any wonder, Mr. President, that to be considered even though such ex- now-but a few years later-our steel inMr. GRUENING. Even a cursory ports would compete with U.S. enter- dustry is operating at less than capacity, reading of this provision indicates that prises in foreign markets.

that our textile industry is in difficulty, it is severely limited—more limited than It should be to protect adequately U.S. President, would have great difficulty un

The proverbial man from Mars, Mr. and so on?

Add this, Mr. President, to the facts business. As I shall demonstrate shortly, derstanding our actions during the past disclosed to the Senate by the distinmany industries in the United States

10 years. He would have seen the United guished senior Senator from Illinois have lost their foreign markets to a con

States of America, a great export nation, (Mr. DOUGLAS) on July 15, 1963, when he siderable extent.

deliberately using its funds to establish disclosed the shocking dual rate system It should be noted that the provision abroad, steel mills to compete abroad under which imports into the United on this subject in the present law--sec- with our steel mills, paper mills to com- States pay lower ocean freight rates than tion 620(d)—is limited to development pete abroad with our paper mills, textile must be paid to export the very same loans.

mills to compete with our textile mills, item from the United States. It has been further limited by the in- and so on and on and on.

The wonder, Mr. President, is that our terpretation of its provisions by the

At the same time the man from Mars balance-of-payments problems is not Agency for International Development. would have heard the AID administra worse than it is. I ask unanimous consent that Order No. tors proudly proclaim that 80 percent of No, we cannot be complacent about the MO-1016.1 of the Agency for Interna- the AID dollars are spent in the United fact that 80 percent of the AID dollar tional Development Manual entitled States. Of course they are now. That

Of course they are now. That is spent in the United States when it is "Impact of Aid on the U.S. Economywas not so a few years back.

being spent to build up industries abroad Competition With U.S. Enterprise," ef

But even so, Mr. President, should not which will compete on advantageous fective August 1, 1962, be printed in full the AID administrators in the past have terms with U.S. industry in the years at the conclusion of my remarks.

considered the end result years from ahead. The PRESIDING OFFICER. Without then when the steel mills built with AID It is time that we stopped using tax objection, it is so ordered.

funds could compete abroad for steel or dollars from U.S. industry to build up (See exhibit 1.)

ders against our own steel producers? competition with that very same indusMr. GRUENING. This is a truly re- And with our steel mills operating well try abroad. markable document.

below capacity they are, in addition, But, Mr. President, let us continue to It is an attempt to give to the con- forced to compete with steel produced in study the amazing AID document issued gressional directive contained in section modern plants erected with AID funds. to implement the congressional directive 620(d) of the Foreign Assistance Act the

In the past 5 years the Export-Import contained in section 620(d) of the Fornarrowest possible interpretation.

Bank has loaned for steel mill construc- eign Assistance Act of 1961. In the first place, Mr. President, there tion and expansion of facilities the sum

Paragraph III states that the direcis a curious shifting of the burden of of $327.8 million-all U.S. dollars.

tive is limited to development loans and proving that the granting of the loan In the past 5 years the World Bank has only development loans for productive will lead to competition with U.S. busi- loaned for steel mill construction and ex

enterprises. It does not apply to comness. Thus paragraph II-A of this order pansion the sum of $380.3 million, a good modity import loans, loans to developprovides as follows: portion in U.S. dollars.

ment banks, technical assistance loans, A. Likelihood of competition: Section 620 In the years between 1954 and 1962

stabilization loans or program loans substantial evidence that competition in and loaned the sum of $249.3 million for which will compete in the U.S. market. (d) will apply in those cases where there is AID and its predecessors have granted where the loan cannot be clearly identithe U.S. market will take place during the steel mill construction and expansion of The paragraph does make a concession life of the loan. It should not be considered

facilities. applicable in those cases where there is only

for loans to development banks or proa possibility that such competition will oc

These three agencies alone account for gram loans by saying it is applicable only cur or where there is no reasonable expecta- loans and grants to erect and expand where it is known that the loan will tion that competition will develop prior to steelmaking facilities abroad of $957.4 be used to assist enterprises which will repayment of the loan. million.

compete in the U.S. market.

Note here, Mr. President, where the B. U.S. market: The restrictive provision development grants, technical cooperation, burden of proof is placed. It must be applies only with respect to direct competic and procurement outside the United States known that the industry aided by the tion in the U.S. market. It is not designed on the U.S. economy, “with special reference loan will compete with U.S. business in to limit éxports for use or consumption out- to areas of substantial labor surplus."

side the United States even though such exthe United States to have section 620(d)

ports would compete with U.S. enterprises of the Foreign Assistance Act of 1961 in foreign markets.

EXHIBIT 2 apply. But even if there is a possibility C. Nature of loan: The application of the World Bank loans for steel mills that the industry aided will compete with provision is limited to assistance provided in

[In millions of dollars] the United States in the United States the form of development loans rather than

30.0 that possibility may be disregarded. to all economic assistance under part I of the Colombia, South America ---act. It is further limited to loans for the op


13.4 Mr. President, it is time we went to the eration or construction of productive enter- Belgium..

12. 1 aid of the U.S. businessman. prises. It will not apply to commodity im- Italy----

1.9 We must do away with the warped port loans, loans to development banks, Yugoslavia--

8.7 thinking which seems to have all too technical assistance loans, stabilization loans many officials in its sway--the warped or program loans where the loan cannot be India (four loans):


29.2 thinking that what helps business abroad clearly identified as aiding a productive en


75.0 of necessity helps business in the terprise which will compete in the U.S. mar

3. ket. In the case of most loans of this type

20.0 United States. That just is not so. it will be practically impossible to determine


32.5 Therefore, I hope that my amend- what particular enterprise will benefit. In ment-which is exactly the same as ap- the case of loans to development banks or a


156.7 pears in the House-passed bill—will be program loan where it is known that the loan adopted.

will be used to assist enterprises which will Japan (10 loans):
compete in the U.S. market, section 620(d)


5. 13 EXHIBIT 1 may be applicable. Determination as to the 2----

20.00 IMPACT OF AID ON THE U.S. ECONOMY applicability of section 620(d) will need to be 3_

8.00 COMPETITION WITH U.S. ENTERPRISE made on the basis of the facts in each such


33. 00 case.



6.----In the event a positive finding is made that

22.00 Section 620(d) of the Foreign Assistance an aided enterprise will compete with U.S.


24.00 Act of 1961 prohibits loans to productive enterprise, an agreement to establish proce


20.00 enterprises which will compete with U.S. dures to prevent exportation for use or con


6.00 enterprises in the U.S. market unless the sumption in the U.S. market of more than


7.00 country agrees to limit the enterprise's ex20 percent of the annual production of the


2. 39 ports to the United States to 20 percent of

aided enterprise during the life of the loan the annual production of the facility for the must be reached. This agreement may be


157.52 life of the loan. This prohibition may be incorporated in the loan agreement or take waived by the President where it is in the the form of a separate agreement. The Pres

Total loans made for steel national security interest to do so. ident is authorized to impose import con

mills by World Bank-------- 380. 32 II. GUIDANCE

trols necessary to effectuate the objective of Lines of credit extended by Export-Import All development loan proposals should be section 620(d) if the agreement is not Bank for steel mill construction and exreviewed to determine whether the provisions reached or implemented.

pansion of facilities1958 to 1963, inof 620(d) are applicable. In testing loan Section 620(d) expressly authorizes the clusive proposals for this purpose AID will be guided President to waive the restrictions of that

[In millions of dollars) by the following principles: section where he determines such waiver is Japan, 7 credits..

84. 8 A. Likelihood of competition: Section 620 in the national security interest. Authority Philippines, 1 credit

62.3 (d) will apply in those cases where there is to grant such waivers is expressly reserved Turkey, 1 credit-

15.0 substantial evidence that competition in the to the President under the terms of Execu- France, 4 credits.

6.4 U.S. market will take place during the life of tive Order No. 10973 of November 3, 1961. Italy, 4 credits..

83.9 the loan. It should not be considered appli

Spain, 4 credits..

30.8 III. U.S. AREAS OF SUBSTANTIAL LABOR SURPLUS cable in those cases where there is only a

Argentina, 3 credits..

19.4 possibility that such competition will occur Sections 2012, 211a, and 604a of the 1961 Chile, 1 credit...

8.3 or where there is no reasonable expectation Foreign Assistance Act require the President Mexico, 1 credit-

16.9 that competition will develop prior to repay- to take into account possible adverse effects ment of the loan. of the use of the Development Loan Fund,

Total, 26 credits.


AID or predecessor agency obligations for iron and steel projects by country and project, fiscal years 1954–62

[In thousands of dollars)

[blocks in formation]

Economic development projects from U.S.-owned foreign currencies, 1 July 1, 1954, to June 30, 1962

[In thousands of dollar equivalents)

[blocks in formation]

1 Represents the use of U.S.-owned foreign currencies derived from sales of surplus Law 480 loans to Japan are not in sufficient detail to differentiate any loans benefiting
agricultural commodities under sec. 402 and title I, Public Law 480. Data on Public the steel industry.
AID or predecessor agency commitments for aid to iron and steel industry, summary by country and fiscal year of supporting tables II to

IV, July 1, 1948, to June 30, 1962
[In millions of dollars or dollar equivalents)

[blocks in formation]

1 Represents the use of U.S.-owned foreign currencies generated by surplus agricul 2 Data on proportion for steel only not available.
tural commodity sales under sec. 402 and Public Law 480, title I; India includes the 3 Less than $50,000.
equivalent of $100,000 in fiscal year 1962; all other data are dollar commitments.

NOTE.-There were no commitments in fiscal year 1953 and fiscal year 1960. European iron and steel projects financed in part by the United States under the European recovery program, by country and project,

fiscal years 1949-51 1

[In thousands of dollars)

[blocks in formation]

54, 769

32, 390 7, 408 1, 649 4,502 2, 131

2, 538 1, 315

1,067 1, 569


Total, all countries.---

VOEST (Vereinigte Oesterreichisch Eisen-und
Stahlwerke A.C.) Linz.

Apr. 1, 1949 VOEST, Linz.-

do. Do ---

Apr. 6, 1950 Alpine Montan (Oesterreichisch Alpine Montangesellschaft), Donawitz..

Feb. 25, 1949 Alpine Montan Bonawitz.

May 26, 1949 Do.---

Apr. 27, 1950 Belgium..--

S.A. Metallurgique d'Esperance-Longdoz, Liege. Apr. 1, 1949 S.A. Qugree Marihaye, Ougree.

Feb. 9, 1950 Phenix Works at Flemmale-Haute, near Liege- Apr. 1, 1949 France --

SOLLAC (Societe Lorraine de. Laminage Continu),
Hayange and E bange.

June 14, 1949 USIÑOR (Union Siderurgique du Nord de la

France), Denain (Nord) and Montataire (Oise)----| Apr. 1, 1949 SIDELOR (formerly Societe Lorraine des Acieries de Rombas), Rombas...

Sept. 2, 1949 Sto. Anonyme des Forges et Acieries de Dilling, Dillingen in the Saar...

Dec. 21, 1950 Acieries de Longwy, Mont Saint Martin.

-do. J.J. Carnaud et Forges de Basse-Indre--

Feb. 25, 1949

207,565 || Italy ------
25, 119 FINSIDER.

Aug. 18, 1949
FIAT, Turin and Avigliana..

Aug. 4, 1949 Acciaierie e Ferriere Lombarde FALCK, Milan. June 30, 1949 2,887 Do.

May 18, 1950 8, 362

Cantieri Metallurgici Italiani (FALCK subsidiary), 2, 169 Castellamare di Stabia

June 30, 1949 SISMA, Soc. Industrie Siderurgiche e Affini, Villa4, 147 dossola

do.. 3, 346 TERNI, Societa per L'Elettricita, Terni,

Apr. 6, 1949 4, 208 RECAELLI, Giuseppe e Fratello Redaelli, S.p.A., Rogoredo

Aug. 17, 1950 8, 343

Ilssa-Viola, S.A. Pont St. Martin, Aosta Valley. Aug. 30, 1949
Ferrotubi S.p.A. (FIT), Milan..

July 12, 1949 2, 329 2, 866 Netherlands. 3, 148

Royal Dutch Blast Furnace & Steel Co, Ijmuiden -- Dec. 1, 1949 75, 475

Portugal. 56, 164 A. J. Oliveira Filhes & Co., LDa., S. Joao da Ma Feb. 14, 1949

deira. 11, 919 1, 301 Sagunto Steel Plant ?-

June 23, 1952 2,038

United Kingdom.--1,959

Steel Co. of Wales, Ltd., Margram and Troste, South Apr. 1, 1949

Stewarts & Lloyds, Ltd., Corby, England, and May 26, 1949

Clydesdale and Tolcross, Scotland.

14, 935

[ocr errors]

14, 935






27, 224


25, 373


1 List includes 1 project approved in 1952.

2 Financed under Spanish loan program, Public Law 759, 81st Cong., approved Sept. 6, 1950.

U.S. and international agencies aid to the

steel industries of the world, 1945–63 EXPORT-IMPORT BANK CREDITS TO FOREIGN STEEL

INDUSTRIES, 1945–63 Africa:

Amount Liberia:

authorized Liberia Mining Co., 1949--- $4,000,000 Liberia Iron Ore Ltd., 1960 5, 625, 000 National Iron Ore Ltd., 1960----

6,000,000 Liberian Amer-Swed Minerals, 1960.-

30,000,000 Asia: Japan:

Fuji Iron & Steel Co., 1957. 10, 300,000
Yawata Iron & Steel Co.,

Toyo Kohan Co., Ltd., 1958. 7, 100, 000
Toyo Kohan Co., Ltd., 1960 3,000,000
Japan Steel & Tube Co.,

6,500,000 Fuji Iron and Steel Co., 1961----

15, 600, 000 Sumimoto Metal, Inc., 1962 8, 100, 000 Yawata Iron & Steel Co., 1962--

26,000,000 Kawasaki Steel Corp., 1962. 18,500,000 Philippines: American Wire & Cable Co., 1957----

Ysmael Steel Mfg. Co., 1957 68,000
Jacinto Steel, Inc., 1958---- 58, 000
Central Bank of Philippines

for steel mill construc-
tion, 1961---

62,300,000 Turkey:

Vulcan Iron Works, 1946--- 5, 341, 014
Vulcan Iron Works, 1947--- 2, 521, 469
Republic of Turkey, 1950--- 681, 563
Republic of Turkey, Kara-

buk Iron & Steel, 1959--- 15, 000, 000 Canada:

Steep Rock Mines, Ltd., 1948_ 5, 700, 000 Europe: Austria: Oesterreichisch-Alpine, 1957----

28, 150,000 France:

Union Sid du Nord, 1960--- 1, 036, 000
Union Sid du Nord, 1960--- 1, 142, 000
Union Sid du Nord, 1960--- 3, 536, 000

Union Sid du Nord, 1961--- 842, 000
Germany: August Thyssen-
Hutte, A.G., 1956---

10,000,000 Italy: Instituto Mobiliare Italiano, 1947---

9,000,000 Instituto Mobiliare Steel

Alti Forni, 1947----

3, 634, 000 Terni, 1947----

1, 350,000 Dalmine, 1947----

1,300,000 Cornigliano, 1947---- 3,000,000 Equipment for steel mills, 1955_---

2,000,000 Equipment for steel mills, 1955---

5, 000, 000 Equipment for auto and steel, 1956----

10,000,000 Innocenti, S.P.A., 1956--- 1,500,000 Equipment for steel mill, 1958.-

7,000,000 Blast furnace and rolling mill, 1958----

6,500,000 Itatsider steel plant, 1962-- 25,000,000 Spain: Union de Siderurgicas Asturians, S.A., 1958

6, 800,000 Empress Nacional, 1959 4, 400, 000 Empresa Nac Siderurgica, 1960----

2, 300,000 Empresa Nac Siderurgica, 1961----

13,000,000 Altos Hornos Viscaya, 1961. 18,000,000 Empresa Nac Siderurgica, 1962--

6, 600,000 Yugoslavia: Government of

Yugoslavia to purchase
original U.S. steel mill
equipment, 1961..

15, 000, 000

U.S. and international agencies aid to the

steel industries of the world, 1945-63—Con. Latin America:

Amount Argentina:

authorized Soc Mixta Siderurgia, 1955. $60,000,000 Acinfer, S.A., 1959

700, 000 Socie Indus Argentina, Tubos Acero, 1959.

1, 710,000 Acindar Ind.

Aceros, 1960---

5, 645,000
Dalmino, SAFTA, 1960.--- 1, 842, 000
Soc. Ind. Argentina Tubos
Ac., 1960---

1, 675, 000
Industrias Puerto San Mar-
tin, 1958---.

90,000 Somisa, Steel Mill Equipment, 1960---

12,000,000 Acinfer Ind. Arg. Acero SA, 1960--

170, 500 Acinfer Ind. Fundiciones SA, 1961---

105,000 Rycsa SAM Steel Shear, 1961--

9,000 Est. Metalurgicos Santa Rosa, 1961.

241, 660 Dolmine SAFTA, Equipment, 1961--

21, 000 Acinfer Ind. Arg. Fundiciones, 1961.-.

20, 400 Tinigal SRL Equipment, 1961--

5, 000 Est. Metalurgicos Santa Rosa, 1962---

91, 700 Est. Metalurgicos Santa Rosa, 1962--

225, 900 Est. Metalurgicos Santa Rosa, 1962_

100, 600 Est. Metalurgicos Santa Rosa, 1962--

127, 100 Est. Metalurgicos Santa Rosa, 1962_--

26, 200 Metalurgica Tandil, 1962--- 114, 500 Brazil: Cia Sid NAC, 1950--

25, 000, 000 Cia Metalurgica Barbara, 1952---

2, 185, 000 Cia Siderurgica Belgo, 1955 780, 440 Cia Sid NAC, 1956..

35,000,000 Acos Villares AA, 1957----- 2, 320,000 Soc Tecnica Fundicoes Gerais, 1957---

2,558,000 Cia Vale Do Rio Doce SA, 1958.

12,500,000 Chile: Corp. De Fomento Prod., 1951.--

58, 000, 000 Cia de Acero del Pacifico SA, 1956----

3,550,000 Cia de Acero del Pacifico, 1957----

16,000,000 Cia de Acero del Pacifico, 1960---

15, 574, 000 Cia de Acero del Pacifico, 1962---

8, 300,000 Mexico: Cia Fundidora de F.Y.A.

Monterrey, S.A., 1945---- 800,000 National Financiera S.A., 1951---

5, 000, 000 Cia Fundidora de Fierroy,

Acerode Monterrey S.A.,

4, 500,000
National Financiera S.A.,

3,600,000 La Consolidada S.A., 1955_ 662, 000 Hojalata y Lamina S.A., 1955_--

2,055, 000 Aceros de Chihuahua S.A., 1955---

720,000 Cia Fundidora de Monterrey, 1956_

46,500,000 National Financiera S.A., 1957----

16,000,000 Altos Hornos de Mexico S.A., 1960.--

174, 000 Aceros de Chihuahua S.A., 1960--


U.S. and international agencies aid to the

steel industries of the world, 1945-63—Con. Latin America-Continued

Amount Mexico Continued

authorized Altos Hornos de Mexico S.A., 1960

$1, 479,000 Altos Hornos de Mexico S.A., 1960--

443, 850 Tubacero S.A., 1960-------- 4,000,000 Altos Hornos de Mexico S.A., 1961.--

120,000 Manufacturas Metalicas MSA, 1961---

113,500 Altos Hornos de Mexico S.A., 1961.--

290,000 Altos Hornos de Mexico S.A., 1961-----

345,000 Altos Hornos de Mexico S.A., 1961----

51, 886 Altos Hornos de Mexico S.A., 1962-

1, 850, 000 Peru:

Marcona Mining Co., 1953_ 2,500,000
Marcona Mining Co., 1957-. 10,000,000
Marcona Mining Co., 1961_ 6,500,000
Marcona Mining Co., 1962- 6,000,000

Metalurgica Pervana, 1962 1,950,000
Cinoca, S.A., 1961.----

65,500 Cinoca, S.A., 1961-----




Indian Iron & Steel, 1952--- $31, 500,000
Indian Iron & Steel, 1956--- 20,000,000
Tata Iron & Steel Co., 1956. 75,000,000
Tata Iron & Steel, 1957---- 32, 500,000

Indian Iron & Steel, 1961--- 19,500,000
Japan Development Bank:

Yawata Plate Mill, 1955- 5,300,000
Yawata Steel Production,

Kawasaki Strip Mill,

20,000,000 Kawasaki Steel Production, 1958----

8,000,000 Kawasaki Steel Production, 1960---

6,000,000 Sumitomo Steel Production, 1958---

33,000,000 Sumitomo Steel Production, 1960----

7,000,000 Kobe Steel Production, 1958---

10,000,000 Nippon Kokan Steel Pro

duction, 1958------ 22,000,000 Fuji Steel Production, 1959--

24,000,000 Europe: Belgium: Equipment for steel

and power industries, 1949, 16,000,000 France: Miferma, 1960---- 66,000,000 Luxembourg: Steel mill and railroad, 1947----


India: Republic Forge Co.,

$1,500,000 Pakistan: Steel Corp. of Pakistan, 1958__

680,000 Latin America: Argentina: Acindar Industria

Arg. de Aceros S.A., 1960--- 3, 660, 000
Compania Findidora de

Fierro y Acero Monterrey,

1, 126, 000
Tubos de Aceros de Mexico,

400,000 Venezuela: Siderurgica Venesolana SA, 1960.-


U.S. and international agencies aid to the U.S. and international agencies aid to the U.S. aid to specific foreign industries, steel industries of the world, 1945–63—Con. steel industries of the world, 1945–63—Con.



Amount of Europe: Amount Europe-Continued Amount 1958:

aid grants Austria: authoriaed Austria: authorized India:

and loans Voest, Linz, 1949 $2,887, 000 Steel mill, 1957, Public Law

Oil and Gas Commission----- $41, 000 Voest, Linz, 1949--

8, 362, 000

$1,346, 000 Fuel Research Institute -- 25,000 Voest, Linz, 1950.2, 169, 000 Steel mill and tool manu

Israel: Oil field conservation
Alpine Montan, 1949

4, 147, 000
facturing, 1958, Public


6,000 Alpine Montan, 1949..

3, 346, 000
Law 480---

846, 000 Taiwan: Alpine Montan, 1950.- 4, 208, 000 Steel and malleable found

Petroleum refining-

145,000 Belgium:

ry, 1958, Public Law 480_ 577,000 Petroleum products diversiS.A. Metallurgique d'EsperFabricated structural steel,

fication -

97, 000 ance-Longdoz, Liege, 1949. 2, 329,000

1957, Public Law 480---- 385, 000 Bolivia: Ministry of Petroleum. 83,000 S.A. Ongree Marihaye, OugYugoslavia: Niksic Iron

Argentina: Petroleum asphalt ree, 1950.-

2, 866, 000
Works, 1958, Public Law


289, 000 Phenix Works, Flammale


5, 610, 000 1959: Haute, 1949.3, 148,000 Latin America:

India: Oil and Commission.--

12, 000 France: Brazil: Minas Gerais Steel

Sollac, Hayange and Ebange,
Plant, 1961, Public Law 480_ 6, 831, 000

Oil field conservation tech-
56,164,000 Asia:

niques --

6, 000 Usinor, Denain and Monta

Petroleum facilities.--

367, 000 India: Bokaro Steel Plant, taire, 1949.

11,919, 000
1962, Public Law 402------

Argentina: Petroleum asphalt

91, 000 Sidelor, Bombas, 1949------ 1, 301, 000


83, 600 Ste. Anonyme des Forges,

U.S. aid to specific foreign industries, 1958-62 Spain: Petroleum production
Saar, 1950-----

2,038, 000


8,000 Acieries de Longwy. Mont,

Amount of

Petroleum regula-
St. Martin, 1950.-
2,094, 000

tions study----aid grants

16, 000 J. J. Carnaud et Forges de

Greece: Petroleum facilities. 500,000 1958:

and loans Basse-Indre, 1949–

1,959, 000
Taiwan: Papermill expansion.


$162, 000 Italy:

India: Oil and Gas Commis-
Iceland: Wastepaper pulp
Finsider, 1949---
32, 390, 000


42, 000 equipment-----

2,000 Fiat, Turin and Aviglina,

Israel: Oilfield conservation Yugoslavia: pulp and paper 1949--7, 408, 000


38,000 Acciaierie e Ferriare, Milan,

manufacturing equipment.. 21, 000

Panama: Petroleum laws 1949------

Israel: Paper plant------
1, 649, 000


1,000 Acciaierie e Ferriare, Milan, Finland: Wood pulp equip

Italy: Petroleum and chemical 1950---

4, 502, 000


2,890,000 Cantieri Metallurgici ItalArgentina: Pulp and paper

Argentina: Petroleum asphalt iani, 1949.2, 131, 000 mill----7,600,000 plant.

10,000 Sisma, Villadossola, 1949- 2, 538, 000 Colombia: Papermill.---- 5,700,000 Pakistan: Petroleum gas treatTerni, Societa per L'ElettriMexico: Pulp and paper mill

ing plant.

1, 994, 000 cita, Terni, 1949

1, 315, 000

333, 000 1961: Recaelli, Rogorado, 1950.- 1,067, 000 1959:

India: Oil and Gas CommisIlssa-Viola, Aosta Valley,

Vietnam: Pulp plant


31, 000 1949--

1, 569,000 Ferretubi, SPA, Milan, 1949

Israel: Oil field conservation
Yugoslavia: Processing pulp- 47, 000


6,000 Netherlands: Royal Dutch Argentina: Pulp mill expan

Greece: Petroleum facilities- 836, 000 Blast Furnace & Steel Co.,


2, 220, 000

Finland: Petroleum facilities-- 1, 750, 000 1949.-

14, 935,000
Philippines: Pulp and paper

Chile: Petroleum plants--

34,500 Portugal: A. J. Oliveira Filhos

mill machinery---

5, 400,000

1962: Co., 1949.

Colombia: Pulpmill machin847, 000

Colombia: Petroleum asphalt ery--

180,000 Spain: Sagunto Steel Plant,


31, 000 1952--


Greece: Petroleum facilities- 570,000 United Kingdom:

Finland: Pulp and paperboard

machinery--Steel Co. of Wales, Ltd.,


2, 056, 000 1949.

1958: 25, 373, 000

Argentina: Pulp and paper Stewarts & Lloyds, Ltd.,


9, 190, 000 Taiwan: 1949.

Caustic soda----
Venezuela: Papermill

144, 000 1, 851, 000


198, 000
Urea plant--------


Japan: Chemical plant expan-

Tanganyika: Pulp and paper


2,300,000 Europe:

Mexico: Chemical production. 460, 000 Egypt: Pulpmill.

6, 700,000 Spain:

1959: Altos Hornos de Viscaya, Yugoslavia:

Taiwan: Urea plant expansion. 189,000 1954.

$4, 460, 000

and paper products Pulp

India: Phosphorous plant.-- 21,000 Empresa Blast Furnace,


Korea: Soda ash plant--

5, 600, 000 1954.

3, 100, 000
Pulp and paper mill.

3,093, 000

Colombia: Chemical plant fa-
Yugoslavia: Sisak Iron Works,
South Africa: Pulp machinery 61,000


460,000 1961.

8, 500,000
India: Pulp and paper mill--- 18,500,000 Peru: Chemical plant..

700,000 European Coal & Steel Com1960:

1960: munity: Contribution to

Finland: newsprint machinery- 5, 203, 000 Taiwan: capitalization loan, 1954.-- 100,000,000 Israel: Pulp and paper ma

Urea plant---

1,884, 000 Far East:


670, 000
Sulphuric acid plant..

74, 000 Republic of China: Greece: Pulp machinery for

Indonesia: Nitrogenous chem-
Ya Tung Tube Mill, 1955_ 466, 000 fiberboard---

ical plant------

33, 200,000 Tang Eng Ironworks, 1957 229, 000 Argentina: Pulp and paper

Argentina: Phenol plant.----- 2,000,000 Korea:


80,000 Mexico: Citric acid plant... 800,000 Wire Rope Mfg. Co., 1956. 122, 000 Colombia: Cellophane paper

Israel: Chemical facilities. 258, 000 Chain Mfg. Co., 1956.---- 111, 000 machinery

196, 000

1961: Pusan Iron Works, 1955_- 1,955, 000 Panama: Paper bag machinery 17,000

Israel: Chemical plant.------ 7,150,000 Near East and South Asia: 1962:

Mexico: Chemical plant equip-
India: Bokaro Steel Plant
Philippines: Pulp and paper


58,000 1962. 750,000 mill machinery

100,000 Peru: Chemical plant equip-
Turkey: Eregli
Eregli Steel Mill,

Egypt: Cellophane plant
3,000,000 ment.----

508,300 1959

129, 600,000 Venezuela: Bagasse plant ---- 1,450,000 Turkey: Chemical plant------ 2,800,000

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