SOVIET-U.S. TRADE
PROVISION of MAIN PLAN OUTLINED - NEW YOftkji Dec. -3.,1 The New York Times’ WasKirigton correspondent states that the- establishment of a £40,000,000 institution) for discounting Russian trade acceptances; is being considered by the Reconstruction Finance Corporation and other Gpyerriifiefit agencies concerned, as one of several plans for facilitating the financing, of’ United (States exports to Russia. , Funds for the institution would- be supplied by the Arrierioan. Government, American and the 'Soviet, the Reconstruction -Finance Gorpbfhtioh "supplying £20,000,000. *’ f;~r .. f The proceeds of the - first £o,GCO,OOO worth of Russian exports tobthh United States during the first twQ. years would be retained with the institution-‘*as a continuing security Against ■ all- other discounted obligations and' as additional working capital.” > • .. ~
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Bibliographic details
Poverty Bay Herald, Volume LX, Issue 18262, 4 December 1933, Page 5
Word Count
118SOVIET-U.S. TRADE Poverty Bay Herald, Volume LX, Issue 18262, 4 December 1933, Page 5
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