SURPLUS U.S. PRODUCE
Use As Foreign Aid Proposed
(N.Z. Press Association—Copyright) (Rec. 11 p.m.) WASHINGTON, Jan. 23.
The State Department is studying a plan to use the United States 8,000,000,000 dollars worth of farm surpluses under its foreign aid programmes, Mr Herbert Hoover, the Under-Secretary of State, reported today. He gave this information, but no further details, in an appearance before a session of the Senate subcommittee on technical assistance programmes, during which the organisation and administration of the programmes were studied. Senator Homer Capehart (Republican, Indiana) suggested a “point five” programme of United States technical assistance to the Middle East and Asia under which the United States would distribute the 8,000,000,000 dollars worth of cotton, wheat, fats, and oils and other farm products in surplus supply.
He said there must be millions of people who could use these surpluses and world trade would not be disrupted because they would go to people who would not otherwise be able to purchase the goods.
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Press, Volume XCIII, Issue 27875, 25 January 1956, Page 13
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163SURPLUS U.S. PRODUCE Press, Volume XCIII, Issue 27875, 25 January 1956, Page 13
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