CONTENTS

H. R. 6228. A bill to permit national banks to make 20-year real-estate

loans and 9-month construction loans; to amend sections 5136 and 5221

of the Revised Statutes; to amend the Federal Reserve Act; and to

provide for the participation of the United States in the International

Finance Corporation__

S. 1894. An Act to provide for the participation of the United States in

the International Finance Corporation..

Statement of—

American Bankers Association.

American Paper & Pulp Association_

Bell, George L., executive vice chairman, Committee For a National

Trade Policy..

Craft, Robert H., chairman, foreign investment committee, Investment
Bankers Association of America

Edgerton, Maj. Gen. Glen E., President, Export-Import Bank_
Humphrey, Hon. George Magoffin, Secretary of the Treasury.
Lynn, John C., legislative director, Ámerican Farm Bureau Federation_
National Foreign Trade Council, Inc...

Tenenbaum, Dr. Henry, chairman, Special Committee on International
Finance Corporation, Washington Board of Trade-

United States Council of the International Chamber of Commerce, Inc.

Waugh, Hon. Samuel C., Assistant Secretary of State, accompanied

by Hamlin Robinson__.

Additional data submitted to the committee by-

Edgerton, Maj. Gen. Glen E., President, Export-Import Bank:

Statement of development loans authorized January 1, 1953, to
June 30, 1955, inclusive (table).

Morse, Hon. True D., Acting Secretary, Department of Agriculture,
letter of July 8, 1955.

Patman, Hon. Wright:

Senate To Study Trade Loan Curb-Administration Order Giving

World Bank Control Is Said to Handcuff United States

Shippers, article from New York Times of April 15, 1954-----

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Waugh, Hon. Samuel C., Assistant Secretary of State:
Illustrative examples of investment proposals___
Securities and Exchange Commission, letter of May 24, 1955, to
Elting Arnold, Assistant General Counsel, Treasury Depart-
ment, in re International Finance Corporation___
Memorandum of May 16, 1955, from Division of Corporate
Finance, recommending that the Treasury Department be
advised that no question need now be raised under the
statutes administered by the Commission concerning the
proposed organization and presently contemplated activi-
ties of the International Finance Corporation__
Memorandum of May 10, 1955, from Division of Corporate
Regulation, in re applicability of the Investment Company
Act of 1940 to the International Finance Corporation.

Taxation on salaries of officers and employees of IFC (opinion)__ 54, 57

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