U.S. HELP TO ALLIES
Effect On Home Economy (N.Z. Press Association—Copyright) (Rec. 8 p.m.) WASHINGTON, June 15. The Foreign Affairs Committee of the House of Representatives voted today to suspend the overseas procurement programme if unemployment in the United States began to outweigh the advantage of helping its Allies. Some members expressed concern that financing military production abroad rather than buying goods in this country was a contribution to American unemployment. The committee, by an overwhelming vote, adopted an amendment to the 3,497,000,000-dollar Foreign Aid Bill directing President Eisenhower to hold up the programme if he found adverse effects on domestic economy outweighed the strategic and logistic advantages to the United States of procurement abroad.
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Press, Volume XC, Issue 27378, 17 June 1954, Page 11
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115U.S. HELP TO ALLIES Press, Volume XC, Issue 27378, 17 June 1954, Page 11
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