Foreign Relations of the United States, 1948, The Western Hemisphere, Volume IX

710.J/4–1448

The Secretary of the Treasury (Snyder) to the Acting Secretary of State

Washington, April 14, 1948.

My Dear Mr. Lovett: I refer to the message which I received from Secretary Marshall on April 13 (Niact, Martel 46, April 12¹).

Will you please inform Secretary Marshall that the National Advisory Council, at a special meeting on April 13, approved the granting of a $10 million emergency reconstruction loan by the Export-Import Bank to finance U.S. equipment and materials to repair the recent destruction in Colombia.²

Very truly yours,

John W. Snyder

Chairman
National Advisory Council on International Monetary and Financial Problems

1. Not printed.
2. For a statement on the authorization of a credit to Colombia of $10 million, see the sixth semiannual report of the Export-Import Bank of Washington to Congress for the period January-June 1948, p. 6.