No. 645
Editorial Note
On April 14, the Export-Import Bank announced that it had authorized a short-term credit of $40 million to assist in financing Japan’s imports of United States cotton from the 1952 crop. An annex to the minutes of the 198th Meeting of the National Advisory Council on International Financial and Monetary Problems, held May 18, indicates that this credit had been approved by a telephone poll of the Council prior to the announcement. (NAC files, lot 60 D 137)
For a description of the credit, see Department of State Bulletin, May 11, 1953, page 681.