Evening star., 1946-07-15
TVBIV1I VII Nv O01VuJ kVOIS
.By.Congress This Year
Considered Unlikely
BY the Assoeio:ed Pres.

bf the AsSoe'o:ed Press
Russia probably will have to
wait until next year at least for
a loan even a fraction of the size
of the $3.50, 900, 900 credit Con-
gress approved on Saturday for
Britain.
The Kiemlin is reported TO be in
tereSted in borrowing about Sl,000,-
100000 from this country.
! Little has been heard of a Rus
sian loan since the United States
some months ago notified Moscow
of willingness to discuss it-pro-
vided Russia would agree to talk at
! the same time about her trade re-
| lations with the Balkans and other
areas within the Soviet sphere of
influence.
Any such loan would have to come
through the Export Import Bank,
unlike the one to Britain which
! late Saturday won 2l9-to-l55
House vote Of approval. following
Senate clearance previously.
Loan May Start Soon.
Only President Trumans sigma
| ture is needed before London can
start drawing on the money. in re-
turn for which the British have
promised to work for freer world
trade. The loan is to be repaid BY
the year POOL. Some officials believe
the first money will be advanced
this week.
The White House said the bill will
be signed with some ceremony
probably TODAY.
Among those expected to attend
the signing are Secretary of State
Byrnes, Secretary of the Treasury
Snyder and British officials.
The British credit will come di-
rectly from the United States Treas
ury. but any money Moscow might
get would be from the Export
Import Bank-a Government agency
with considera bly, leis than $1,000
600 900 left in It's till
Action This Year Unlikely.
No formal administration request
for additional Export-Import funds
has been made, ana with Congress
striving hard for adjournment. pros
poets for action his year appear re-
mote
Russia. however, figured promi-
nently in the British loan debate
Proponents argued that the credit
would establish Britain as bulwark
against the spread OF communism
Speaker Rayburn appealed person
ally for ratification OF the loan. lest
England and Western Europe be
pushed into an ideology ! despise
Representative Wolcott. Republ-
can. OF Michigan who leo Republl-
can support Of the British loan, told
reporters today 1T would be mosr
unfortunate" If the administration
asked for an increase in Export I'm
port Bank funds at this time.
Wolcstt Cites Opposition.
Congress would treat such a pro-
posal as if 1t We're voting OF a di-
rect loan to Russia, Mr.. Wolcott
said All the arguments used for
the British loail-that it would pre-
vent spread of communism would
be used against a Russia loan.
+ doubt If An increase in Export-Im-
port funds could get through Con-
gress now"
Whether the administration will
ask for an increase In the bank S
money will be decided by the Ma
tlonal Advisory Council comprised
OF the Secretaries of State. Treas
ury. Commerce and other agencies
dealing with foreign questions. The
council may meet this week.
During House Banking Committee
hearings on the British loan. ad-
mlnistratlon spokesmen indicated
that the request would be for ST.
$50 1000 900.
However, Chairman Spence said
today he has no indication whether
the admlnistra ton will follow
through. His position on any such a
request If made. Mr.. Spence said
would depend on the evidence sub
nittnG "