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United States Department of State / Foreign relations of the United States, 1947. Eastern Europe; The Soviet Union
(1947)

Finland,   pp. 256-259 PDF (1.2 MB)


Page 256


FINLAND
EXTENSION OF ADDITIONAL EXPORT-IMPORT BANK CREDITS TO
                           FINLAND
860D.51/1-746: Telegram
  The Minister in Finland (Hamilton) to the Secretary of State
CONFIDENTIAL                   HELSINKI, January 7, 1947-5 p. m.
  13. It is of interest that Soviet Minister2 at social gathering Jan-
uary 3rd asked me about accuracy of press report he said he saw that
USA would grant additional credit to Finland. I replied thaat Finns
had wanted and been talking about additional American credit for
6 months. Finnish Legation, Washington and American authorities
were now discussing matter, and nothing definite had yet been
forthcoming.
                                                       HAMILTON
 'For documentation on the extension of credit by the Export-Import Bank
to
 Finland in 1946, see Foreign Relations, 1946, vol. VI, pp. 242 if.
 2Alexander Nikitich Abramov.
 860D.51/1-2247 Telegram
         The Secretary of State to the Legation in Finland
RESTRICTED                  WASHINGTON, January 22,1947-9 p. m.
  23. Eximbank approved Jan 22 credits Finland $20 million interest
3½/2 percent for purchase in US principally equipment rehabilitation
lumber pulp paper industry including $5.5 million for coal and petro-
leum repayment begin 1954 and 1958; short term $10 million interest
21/2 percent for purchase foodstuffs repayment before end 1947; short
term $2 million to finance shipments cotton; and approved participa-
tion with suppliers in exporter credits up to $5 million to cover pur-
chases industrial commodities. Bank announcing to press for imme-
diate release.
                                                       MARSHALL
     256


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