The Wilmington morning star., 1947-11-11

OCCll Q1opOoCV VI. oA1OAAANAoA SotA
mates have indicated he may ask
81, 500, 100000 for China.
Marshall devoted the bulk of
his 4,000-word statement to an
explanation of his long-term Eu-
ropean recovery proposals. But
he emphasized that emergency
help for France, Italy and Aus
tria must be acted upon first at
the special session if those ma
tions are to Survive the winter. :"
His requests, which won eau
tious commentator and promises
of speedy cooperation from COM
mittee members, were delivered
to the joint House-Senate delega-
ton in the Senate caucus room
under blaze of newsreel camera
lights.
The secretary, who will return
for detailed questioning by the
committees tomorrow, highlight-
ed these points in his message:
Am immediate appropriation
of $597, 100000 will be asked to
provide food, fuel and other
emergency aid for France, Italy
and Austria until March 81, when
the long-range program is ex-
pected to start functioning.
2-The army will ask about
$500,000,000 more as a supple
mental appropriation to take care
of its occupation needs until
June 80, of which about $780,
100000 will be spent in Western
Germany.
/ 3-The long-term continental
recovery program in which 16
western European nations are CO.
operating will cost between $16,-
600, 100000 and $4,000, 0,00O,0 900
over a four-year period. But
Congress will be asked to vote
the necessary funds on a year-to-
year basis rather than for one
lump sum, because of changing
conditions"
4-The administration has de-
cided tentatively to ask for about
$7,500,000,000 for the first Is
months of the program, includ-
ing $1,500,000,000 to cover the
last three months of this fiscal
|year-April, May and June 1948.
5-Handling of the emergency
aid program should be left to the
State department, but it will be
up to Congress to decide whether
a new government Fgency should
be created to administer the
long-range plan. Some Congress
sional leaders strongly favor
keeping control in the hands of
the legislative branch.
6-The emergency help is to
be an outright grant. Long-term
aid will be IN the form of grants
or loans, depending on ability to
repay and the type of help ex-
tended. In general, food, fuel and
essential raw materials will be
considered grants, while capital
equipment and materials which
can be used to raise a country's
productive capacity will be loans.
No stipulation was made as to
what percentage would be loans
and what would be gifts.
7-American private capital is
to be encouraged to take a hand
in reconstruction of the continent.
8-Insofar as possible, sup
plies for European aid will be
bought outside the United States,
with a view to curbing infla-
tionary pressures in this country
and encouraging other nations to
help out.
each of the Is nations in
line for help would be required
to negotiate bi-lateral agreements
with this country setting forth
the steps each promises to take
to speed it's own recovery. These
steps are expected to include
currency and price sterilization,
increased production of coal and
basic foods, and promotion of
reciprocal trade.
10-All emergency help grant
ed France, Italy and Austria
must be properly labelled so that
the recipients will know it comes
from the United States, and full
information must be available on
it's distribution.
1.-THE three countries will
deposit local currency in a spec
ial fund in payment for Ameri-
can commodities, thereby pro-
viding basis for financing fu-
ture relief or reconstruction pro-
ljects.
Marshall said the $597, 10000
of interim aid comprises $42,-
100000 for Austria, $227, 200, 900
for Italy and $328,000,0O0 for
France. He warned the commit
tees that American funds grant,
ed Austria under the last foreign
aid bill will be exhausted Short
ly after the beginning of 1948;
France will be unable to continue
essential imports after the end
of this year, and Italy's starva-
ton deadline is Dec. /.