Export-Import Bank Loan Guarantyauthority: Hearing Before ... , 81-1 on H.R. 5594 ... , August 17 ... 24, 1949, Opseg 1

1949 - Broj stranica: 160
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Stranica 31 - Fourth, we must embark on a bold new program for making the benefits of our scientific advances and industrial progress available for the improvement and growth of underdeveloped areas.
Stranica 66 - Bank shall be to aid in financing and to facilitate exports and imports and the exchange of commodities between the United States or any of its Territories or insular possessions and any foreign country or the agencies or nationals thereof.
Stranica 84 - Bank be authorized to guarantee United States private capital, invested in productive enterprises abroad which contribute to economic development in underdeveloped areas, against the risks peculiar to those investments.
Stranica 81 - At 12 :53 pm a recess was taken until 2 pm of the same day.) AFTERNOON SESSION The hearing was resumed at 2 pm, upon the expiration of the recess.
Stranica 66 - In connection with and in furtherance of its objects and purposes, the bank is authorized and empowered to do a general banking business except that of circulation; to receive deposits; to purchase, discount, rediscount, sell, and negotiate, with or without its endorsement or guaranty, and to guarantee notes, drafts, checks bills of exchange, acceptances, including bankers...
Stranica 121 - ... and all fees collected hereunder shall be available for expenditure in discharge of liabilities under guaranties made under this paragraph until such time as all such liabilities have been discharged or have expired, or until all such fees have been expended in accordance with the provisions of this paragraph; and (Hi) as used in this paragraph, the term "person...
Stranica 86 - ... (C) when any payment is made to any person pursuant to a guaranty as hereinbefore described, the currency, credits, assets, or investment on account of which such payment is made shall become the property of the United States Government, and the United States Government shall be subrogated to any right, title, claim or cause of action existing in connection therewith...
Stranica 66 - Federal; (2) to adopt, alter, and use a corporate seal, which...
Stranica 66 - It is the policy of the Congress that the Bank in the exercise of its functions should supplement and encourage and not compete with private capital...
Stranica 31 - I believe that we should make available to peace-loving peoples the benefits of our store of technical knowledge in order to help them realize their aspirations for a better life.

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