Financial plan for the utilization of foreign credits and currencies owed to or owned by the U. S. Treasury during the fiscal year ending June 30, 1954-Continued 1 Excludes collections by other agencies which may become available through the U. S. Treasury. Includes unpaid obligations outstanding on June 30, 1953, and obligations for the fiscal year ending June 30, 1954. Includes "Salaries and expenses, Department of State" for prior fiscal years; "Government in occupied areas"; "International information and educational activities"; "Representation allowances"; "Contributions to international organizations"; "International contingencies"; "Emergencies in the diplomatic and consular service.' 4 Utilization estimates are based on anticipated availabilities in each currency. Total foreign exchange requirements, including reimbursable activities and payments for other agencies approximate $100 million. These estimates of availability may be altered by liquidation of indebtedness by payment in United States dollars; utilization by other agencies; revision of credit agreements; additional sources of foreign currency to the U. S. Treasury or the Department of State; and economic or political factors which may affect the ability of the United States to draw local currency as accelerated payment of indebtedness. • Amounts are rounded to the nearest thousand and will not necessarily add to totals similarly rounded. Financial plan for the utilization of foreign credits and currencies owed to or owned by the U. S. Treasury during the fiscal year ending June 30, 1955 Esti mated availa bility after June 30, 1955 American Republics: Argentina.. Bolivia. 1,357 Europe: 3, 338 3,922 4,989 19,469 27, 110 165, 071 12,924 5, 208 114, 293 1,372 63, 151 6,957 33, 495 ..................... Financial plan for the utilization of foreign credits and currencies owed to or owned by the U. S. Treasury during the fiscal year ending June 30, 1955-Continued 1 Excludes collections by other agencies which may become available through the U. S. Treasury. Excludes obligations incurred in prior fiscal years except in cases of deferred funding. *Includes "Salaries and expenses, Department of State" for prior fiscal years; "Government in Occupied Areas"; "International information and educational activities"; "Representation allowances"; "Con tributions to international organizations"; "International contingencies"; "Emergencies in the diplomatie and consular service". Utilization estimates are based on anticipated availabilities in each currency. Total foreign exchange requirements including reimbursable activities and payments for other agencies, approximate $86 million. These estimates of availability may be altered by liquidation of indebtedness by payment in United States dollars; utilization by other agencies; revision of credit agreements; additional sources of foreign cur rency to the U. S. Treasury or the Department of State; and economic or political factors which may affect the ability of the United States to draw local currency as accelerated payment of indebtedness. Amounts are rounded to the nearest thousand and will not necessarily add to totals similarly rounded American Republics: Analysis of foreign credits owed to the United States-Balances estimated as of June 30, 1955 [In thousands of United States dollars] Haiti. Mexico. 1,357 $1,357 1,725 1,535 Belgium and possessions.. 3, 922 1,943 $ $1,979 $90 Germany. 165, 071 2,000 163, 067 Hungary. 12, 924 12, 924 Italy. 114, 293 14, 488 99, 805 Netherlands and possessions. 63, 151 3,250 8,700 50, 745 456 Norway. 6, 957 6, 646 310 Poland.. 33, 495 33,495 Sweden... 2 2 Analysis of foreign credits owed to the United States-Balances estimated as of June 30, 1955-Continued 1 Amounts are rounded to the nearest thousand and will not necessarily add to totals 2 Amounts shown include maximum potential availabilities in the case of amounts 3 While amounts representing credits may be drawn in accordance with the terms of the agreements, economic or political conditions may preclude drawings. 4 War assets agreements are administered by the General Service Administration and accelerated payments are not requested. 5 Negotiations with Belgium are being concluded to make this amount available for any United States expenses. Account inactive; no drawings being made. 7 Available for building program or educational exchange. Expendable for scientific, educational, and cultural activities. |