AID FOR FINLAND
AMERICAN FINANCE
NON-MILITARY LOANS
(Received January 25, 2.20. p.m.) WASHINGTON, January 24.
The Senate Banking Committee approyedan increase of 100,000,000 dollars in capital of the Export and Import Banks. This will permit a non-military loan, to be made to Finland, although Finland is not mentioned. .
The. committee approved a revision of Senator Prentiss G. Brown's Bill fixing the,maximum current credit to any one nation at 30,000.600 dollars, and amended the Brown Bill to forbid loans for the purchase of arms. The practical effect of the Bill will be to limit future credits to Finland to 20,000,000 dollars.
Senator Brown's Bill, introduced earlier this month, would have authorised the' Treasury to lend 60,000;000 dollars to Finland through the Reconstruction Finance Corporation.
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Bibliographic details
Evening Post, Volume CXXIX, Issue 21, 25 January 1940, Page 12
Word Count
123AID FOR FINLAND Evening Post, Volume CXXIX, Issue 21, 25 January 1940, Page 12
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