UNDS

80 rillion f or rilitarY WrPoscs.

)S

I
ullMi3iil,l
ltlei5p!:
I

t
I
I
I
i':
s i s t o ncc P rograt .
 PREFACE
i s l o ti u e ,8 o si s Counterpart funds were
the Economic Cooperation Aq
is provided by the Economic Cooperation
tion of internal monetary and
of 1948,.asarnended,and the Mutual Security
lization, for the stimulation
JUi {E t 9 5 2 t of 1951, as amended, bilateral agreements
activities, and for other pu
v e b e e n e n te re d i .n to b e tw een the U ni ted
-Europeancountries. with the Economic Cooperation
IOLLAR tes and participating
country amended. Ihe Mutual Secur
h recipient has assumedan obJ.iga-
expanded the uses of counterp
to d.eposit in a Special Account amounts
that the equivalent of not
its local currency commensuia_te
ii[i, tr,"
milliou-be used for mllltary
RATE Lar grant aid received. Theselocal cur-
struction, equipnent, and mat
ies are called counterpart funds.
.TlreMutual SecUrity Act
June 20, 19b2, requires that,
2 1.36 MSAnotifies each participating country wise specifically authorized
th e a mo u n t o f g ra n t e x p endi tures for i ts part 'funds may be used only
5O e fi t. T h e p a rti c i p a ti n g country then carry out the purposes for
its in its counterpart funds account an
6.907 authorized by the Act woul
,)\ t of local currency commensurate with the
available -- that is, primari
350. O lar grant aid furni.shed. Grant assistance
assistance and defense suppor
l u d e s , i n a d d i ti o n to d i rect grants from
c.z (and its predecessor ECA), certain credits The Act also provides th
l i z e d u n d e r th e E u ro p e a n payments U ni on part derived from
tr5,0Otl 9100 miltion

16.285"1
*i drawing rights exercised under the previous
ra- EuropeanPayment s and Cornp ensation Agree-
be used to stimulate free ent
expansion of the econonies of th
ts. countries with equitable shari
11. 4& flts of increased production a
For aid furnished participating countries
^/ between consuners, workers and
$2.80*/ a l o a n b a s i s , th e o b l i g a ti on to repay i n
J .a rs re p l a c e s th e re q u i r ement of l ocaL Use by the (Jnited Stctes
625
re n c y d e p o s i ts . S i mi l a rl y, no deposi ts
s -& required for conditional aid, l/ since the Counterpart reserved for u
try re c e i v i n g s u c h a i d i n turn extended States i.s placed i.n a separate
7.143 control of U . S . di sbursi ng of
i s ta n c e to o th e r p a rti c i p ati ng countri es
o u g h th e E u ro p e a n p a y m e nts U ni on or the funds may be used to defray
?8.75
re-European payments-plan. costs payabl e i n l ocal curren
GZ5 S ecuri ty P rogram admi ni strati v
Counterpart funds are divided into two certain technical assistance ope
2 .8
ti o n s : information program activities,
^/ n o t l e s s th a n 5 percent.?/ i s re-
$ 2.80' / ved for use by the United States, and the chase ofstrategic materials or t
i n g 9 5 p e rc e n t i s a v a i labl e for use of their production. Fundsnot
by r
300.0 for the above are turned ove
;.d_epositing country.
Treasury to be made available t
p o s i ti n g C o u n tri e s States Ciovernnent agencies.

:-.e-ounterpart can be withdrawn D oIl ar E qui ual ents

frorn the
ir.ll A""ounts only after MSAhas agreed to Dollar equivalents are used
proposed use.
on policy maf,ters concerning as an approximate measure of th
utilization of counterpart
i,
funds, MSA
r l l vr r con_
vvl t_ counterpart fund transacti ons
e-stvith the National
Advidory Council on actually in the local currency
ational Monetary and Financial problems.
i depositi.ng the counterpart fund
\
 CO I I V E RS I O
RAN T E SI H E F F E CT
DURI I { GJ U

U N ITSOF LOC A LC U R R E N C
PYE RU .S , D OL

U I {I T O F C U R R E X C Y

A u s tri a sehi I I i ng

Bel gi um frane

D e n m a rk krone

F ra n .c e franc

Ge rm a n y (Fed.. R ep. D eutsche i t| ark

C re e e e drachma

Ic e l a n d krona

fn d e n e s i a rupi ah

f rel and pound

I ta l y l i ra

Net lre rI ands gci l der

N o rw a y krcne

Portcgal sseuds

T ri e s L e ftal i an I tra

Tsnkey I i ra

U n i L e d td i n gdom pcu:nd ste r' l i ng

Yttgoslavia dl nar

^t fn U.S, doYl,ars f er unit af Locol. cu;rrency.

- [v-
 -z-

'fJi, i aq? JoJ lflolTsualxa pas

T o? sueol pu" soT?TIlceg:uo11€lrodsu€J
or ror suTsnoq
o?uT
pararrusqc
osr€
IJ,'#:'i"'i:^...::d*"::: l'ff"'"ff#:"
l;i:iF;;g*;;
"r"l',.1'l;iltT#t# -?j;"tiltill-"-
sBAruoT?rod "rofe^ - f,l-r
:'Tjji',"J -rng u.ralsefi 10-on-p1.oq
""
.tlasoIc eJaif, slcafoJal asaq
BuTJnp sas"alal l€lo1' aq?.
araa uoT?cnpord
.'sJa{Jo/r\lr)'pal6Tss€
uTsnog s?f osn .rofeu reql0ue :sasoalJntt;r,ri.-TrlsnpuT
Jo uoTl"rnurr?s
ITr[ JoJ paqJtsutJ"a s?fi pas"aIaJ X,Jed,/t "q
aII+ Jo Jl"r{-ouo lfIJBaN _ acrmu
.0g ormf
.saa8nJoJ Jaao 01. apTs? ?as l"lol aq?
Jo eJec er.l?r(
I puE gururu .eJn+IncTJE€ :296r J"a.f IBcsTJ SuTrnp saTrl,, 'ire1111u roJ uoTIrTu 0099 {
Jo SuTl.edIcT?JEd aq+ .(q spunJ a{? os?afal aJn?ru JoJ p
J Pasn sett acupl?q eQ? jsasn ?J?alJa?unoc i;,
o? palauusrlc s€ltl pas€oIaJ n Jof"u aql Jo aruosaJ? FuT,roIIod saTr+unoc 8uTl"dTcT?J€d aq
o spJrq+-oAt??noqy _ ,b4n1 Jio lua[aJncoJd aq+ pus :Ia
pu" sdTqs .uoT?Irmururs.sal
'uop8ury palTuo ag1 pug .,teaJoN.spu'r " a -"T" Jo uoT?cnpoJdaql :s
ulru JoJ pa{J€uu?a s?fi aqt uT sJ.unocc"I€rcads aql uorJ asod . i i::^::::1 'tr'?TrTu Jo uoT?
eq]. uorJ FuI?InsaJ sTI{1 roJ spunJ s+udlurq lui'rIp
11 JoJ spunJ X.J"dJa?unoc.fo
X.r"dJa?unoc.JoT€tisJDrrarar)L
l€risrpq+r,nirl^]]";j:::,'*:*!lrur
^J??TITlu
lceJTp
npoJ o? pasn sBAt
spunJ )AoJald? .s?.uarr+Tuuoc
JoIJ(t +no FuT.C,IJ€
rcJad .lf1auIu Je^O 'lqap proq-{u€q
ploq-{u€q T€r?uocJo luaurar."", aq.l.., aql Jo luacJact 6eee r(r
- touotr1 -tro?uaurarT?or ,=::-j_: ::i i".+udrrdu
y.,-T:':1'^''.HT
##T;'J.,'X ,*;il0:'-""Tilill;
;:::::::
z TI T?n s ?, f , e96I . J "ar t ;:::i;
"X;tou*ngg'r$
TecsTJ uT pas€ala' . r 'r a
vs.
^Ia

^ {6 +}l r u +i r d J ! p ro
'3ur ?r"(Ira?unocaql Jo ?uacracrIe ?noqv !1"i -uer1a^::"q_"n:c spunJ +red
I 'uor?cnpoJalJaaoalcIJ?caIa oIVN ar{? Jo dn-plTnq osuaJ
3 B '3 urJn?c€ J nu€uE uT pnI r u T uaaq sBrl .T96I Jaqo?co uI
l.
aq? Jo s?uau8as snoJournu01 .aso.rr o\'
nd"T.r+
Pun; l.reclralunoC _ Drrl.snv sEafal sear uoTIITru 0l,Ig ,tIJBou . ;:].jff::Tff ;X^,1,"""
Jo +ualf.l.\
ba aql pu" 'z96l r"af I€csTJ BuTrnpsponj ,,..i

IurJoJ,fI IBdrauIJd por{J"urr

aulaJT+oJ ?qap JoJ pos"alej
Io ?noqy - wop?uty pal?un
V${ "salB?S pallun aql /tq
aq o? ?unoccB VOIW9 ewl o
.surEr8ord oX ?ual%Tnba) .
noq ,sJa{JOA JoJ pasn
1u'(uolIITtu 69$
IncTJS€ JoJ pas"afal spunJ ?JeetJolunocv',.r€Japod eql t(q palTsodop sp
'orn?€u ?roddns IoIIITU 69I$ ueql arou oq?
l!! v Jo rllnq oq? )r:i 9U pue sal"ls pa?Tun aq? ,
I uo!?cnporO a1epu11d: palunocce s?cafoJd uol?€urslcal pu€T -aJ s?ila (uorIITu gg$ q? lua
i?,t +J?alra?uno3- ttmutag aq? Jo .slunoc
.luacJad aATd
I"Tcads rTorl? uI uoTITIr! g9l
'salJlrmoc BuI?"d.,; aqX palTsodap uBJSoJd
r'd aq+ Jo sal?TrTq€at"aasuaJapaqr or 41"n
'sasodJnd fre?IIIU ?car uT Fu.r?edTclgeosal.rlunoc u
?I€q aql :uoT?€dnccoaq?
:jtj:l:"3113;Ti"""-11li1 t-l-o*oq'saI+ 'oe p"pu" a^Ta
cEJ uor??Uoclsu?Jl Jo
?.ua[aAoJdul aql JoJ, ,
"*r "q1uou
lnd ecnpeJ 01 pasn s€n uol?cnpoJd rardoal cfJ?cala Jo +uaE(tofaaap
o {Inq aqJ - splm.lreUlev Gg6T ,f',etr l

lii n3
soNnjluvdusrNn0c
krvugOud
NvSd0uni
 FUNDS
electric power production
lent of transportation fac
rhich contribute slgnifi
capabilities of the par
mation projects accounted :o stinulate
re nore than $159 milli
rds released for agricul
opment of housing facili released for debt retirement; the balanss 1r7i
lw-cost housing for wo
r inpor'tant.use of coun
ical year 1952, and the
$ 1 70 mi l l i o n was r el
to numeroussegmentsof the Austrian econ_-""r,
includingnanufacturing, agriculture, min-ia,rutl:1"
electric power production,
ereent of the counterpart
lal year' 1952 was utit
nancial stabilizati.on th
f central bank-held debt.
)rior conmitments, app
runterpart funds for this
lecial accounts i.n the Ne
nd the United Kingdon.
are some of the major
ds by the participating
ical year 1952:
tearly one-half of the
n'as earnarked for mi
er najor use was hous
ajor portion was earma
'ograns. Substantial
eled into housing for
tacili.ties and loans to
EUROPEAN PROGRAI"iCOUFj
TiRP AFT FUNiDS
Netherlands - The bulk of the counterpart rdetric power; Yugoelauia -- military
mate,riel;
sed was used to reduce Dublic debt arising:i1$Portugal -- Public buildings; and
Be tgiutn __
the occupation; the blance was applied {a agri.culture.
rect military purposes.
U ni tedS totes porti on
&rnany - Counter?artwasusedprincipal{ u, TheequivaLentof $g5million lyasreserv-
production in industries of/l{
l9
tTl the cog1t-erpartfunds deposited durias
nse--support nature. a suustantiai amount;-.:)lfiscal vear tgdt. 'eaaJ-io l]re unourtsated
ilso used for workers' housing. balances equivalent of $151million on July 1,
1951, thi s madea total of g236
m illion ayaif -
able for use by the United
States during the
[Jnited Kingdon - About one-half of funds,,,:{Je&r'
principally for military purposes.
[4S Aobl i gated the equi val e nt of gl1?
_i m il_
lion of these ,counterpart funds in fiscal
year.1952, earmarking over
Austria - counterpart funds were chanirel!-c) three-fourths for
o"t]tuer1 materials procurement
and develop-
proiects' The other one-fourth was used
production. transportatior, d It prrnclparry to cover [4sA
[4SA administrative ex-
-sfv'v^eaurvu'^Ftff:;:;r
tra.nsnnrfqfi^- .d
ousins. il ;"
ilr:?t;r* l"::1J"":T:"""f
t
Noruay - 0ver ninety percent of the relu;i, n.._j__
;!;,,"'iil;"T"^""'"T;;J;
":*:,"*:::$'i:it1j"n,,".iXll"'-'
,,'fft#"r::;o,:,""
resulting rron the occupation;thei:l--o=-"in"."u]i.-'ffiH::J:
) was earmarked for rnining Drojects' directly to the Department ""-""TJr";t"tt"iH::
of state and the
Department of Defense to cover
certain local
Turhey - About two-thirds of the counterf,..j currency costs connected with the Mutual
released was channeled to direct *iril.t:, , security prograrn or to ':the
u. s. Treasury.
uses; the blance was used for the
ororoj'r.l.
of agriculture, mining and nanufacturins.-
frc)
rr th e c a re o f re fu g e e s . The provi si ons coveri ng the use
of count _
erpart funds reserved for the
United States
ere broadenedduri ng the year to per m it
other Cowttries - The B^ principal
_ _j _,r, gr eat _
uses otrr.,i6ri"l;";;e local currencies outside the
erpart released by tUSa
in fiscal year-lsti.cottntry of deposit.
were as follows: Ttrrough June 30, local
Denmarh -- p"ototion rf p_urren"i"" nJ been
'-oc!qc'tion;Greece transferred between the
military purposesrj',fu.s. portion of counterpart
romotibn .of Droducti on; accounts in several
rcerand -- elec- of the participating countries.
- 3-
 -t'-
:-:'
,-H
;€.
;
.irll.s
..t,:l,i
, .-::-,+ .taao.co tlnd!.tuno.
VOIAyt .!t ot p.rr.lrril, tot117u 9.999 lo ,t.In^rnb. .I, ..pat.tg/!
, lz.. tn, o r i! . ln | !. ro |
"r""lilili '.pn! mrtoJd 6.alorng toJ! p.lsfua] pryF
y, tr. f z po-o1r.
"b )'rp"r", 4;;;f,:,:
. sput rortord. ar.ao,"x '000'09t eV ,ttT/F
.iu 1 pi\ji7,
(pr Drao lf: .ll Ij pc73.nb2r !..9 sturrrsirgirp Jzt!n tuu1'..r
,drv {rrV. tpuil ltorltztunot WIW) lo 2tuo'og ,uorllar'g,g2j 1o ,urlooro,l'itr:r:;:j\rO
:rorrord ,.rt J,J yS,, ot rreJrurjl
.a',!tto 'tuottz,l ul tnotre rJodr.rno. IOMJ 2\t o, p.Jr.lseJr lortlrr ,'60r! lo Tualodtnbc ,,q,
!"z.toraf ejr ,go ealrlii! "rpolrtg;6
.uotrDzrl!tr .\, tll^oJddn algastodt.J t! JoI srltod.p suolrtod p.rzjrntuzn zq1 I1l}..palrtlfr
rnb2) ,xrJt tt721zg pronoll fJX/Bn \t!\. lo
2|gi.1... ,rol
z. ,aO ,X)n.r .Jr .- .^
^.
-.- ;.,1, .; rl
''r. 1'o d.p t 't E rlE o'z 6'98 " 'v r^Yt s o e n 'r'h
tt Dq lo p. ^r .r.r rr rrr srJ , I r' 6e
6 '9 Zt 6'92I' l o'sez nootN l )'l o3t r Nn *'? : i
.... .. s '@
I e's€
,r J'{ !p 1o rrof 11;f 9' @ t'z 6'29 z 'z L I'liy
.. rpa"od ffi | 6'zs
t 9' e lo tpuotaoql . moelriil. € '0 9' 9 €'o 8',s |;-:t
| 8 's 'v9ru80d
,or r1 ,fo rpm rro g
!{: l:'z o't o'e 9' a
6 0' l ar rl yo ru orllr; .fi
I
... ..., r op'rr .
I
,6'9e lo titttta og _ l! o'€ 9'l L'l.z
I 0 'G I e' re a-pti
6' O 5 'O (P) 5'O
w'Lll Duorr lo ,p";,"b\i 'i | 6'0
i_ t' L6 l'9 s 'z ol t'98
.'... r yDrdnr I ilr6 I s'zol h'l',
zl'92 lo ryt ono1. l - r7y1 g L 'rtz t-ll 9'9Z Z z '061 | -t_L(
ZL , V L '., ,rrpttdt y, rp"'r,,i1 _ iixfl1 L r' srz .I3U
9' Ol 9'O
Is'z:l
zl
I
et rl lo tu o 111 il. t :- le' ol g'o
I , il
. .. . . .. . . .punod V'L 6'L -,7'n
/o rproraoq4 . fr I u' ' ."
G'91 .. ,...... Jnaor t lo tpu ono r4 I
-.i, t'ztz L 'Ol Z t'll 8't&
''L '\ u
:] | 8 't z z ,'ze. n'//i
E.9G .. ...'... 9' €r l 6'Ol o'8l z ,'z t.l {3 | 'rsnd3u rv83o:l ) svnufg
r er,t'Dlp lo iao t11 7l i. \ Ls' 8i l l i r '@ 1 € 'i 1 n
tz: r9? Jo , -q ! o .p.;',,;r . ( .du :;; ;l
ii
l' s0 ' L' e' F ' 6c ' I o'rst 0'tEt Z 'LQ 4 )l
'I
t8 8t ,.v,rf l& I '9S 6'l o'88 LIL
lo I :.9
iLu .. ',,'.'. -"!,t!r;l:.j
J.uor l 1o tp tota olj . fi L 'tz L ',l z z:l o e. 6'ZZ SUno8nfXnl-nn I 9'Ifg
I - ,'l
t g' lL .tvor! lo tpuD.aoq! -sUnOamXrn.; 6 'l 9l t' l s ' csr I ? '8 9 r g't9l z'w l
t0'919 "... rtr 1lr{r r [o .puo rno 1. l'. '.-.v) I i i:i)l
-
8'oZtTT /.nT s;IZsIT t'r8T I 8 'e s s 't $ s.zE'-lT tt:isg- | $
o'33
tsod30 :.='
:. .i :.'r
296| 'o o l Nnn- t9l 't l'rnc- 0 0 t u 3 d
rlNn lJtcruun3 ow A8riii4q o'z 6'98 :-tL n
'l I r' e noogN t)l o3ftN n
6' 00 8 'l 6 'O O8'l o'06 o'880'z t az
| 6'068'r
,' gz l v' &l o'9 ,'r gl L'E?I 1 1 'h 7l
I v'vel
I ]tg s 'o 8 '€ e 8'l t 'e '" l l s3l 8l " a- ' -' i '
t' 6r t' 61 z 'l
I e'se
Yl Yl Sq
9'@ z't z 1;'bl
0z
.L' ,T E e '19€ 6'tgg 9'99S l ^ '1e'*
,' E ' v' El 8't z 'w 6't l I 6'tt I
,l't q
o gll 6'SLL 0'0t 6 'S r 8 o'888 E'Z 06 't ). '-
JI z' zE t' I z'-ELl o' 6s 6 E '010'l g 'oto' I I '690'r
s 'a t 6'O z'al z '81 z '81 0Nv'l]U I
n Ll o
8't 0' 81 0' 81 ott o'61 t 'e 6'@ cNv't3J I iPi
6'e 9, :
.!'608 4'eo8 s '0p z'Lt| 8'e68 o'g06 i 'i ? ';
6 t'\-leor z'6t0'I I'09 z'w E . 'I z 'w t,'l (3r'tsndru ryu3oll) ANvnufe |', a , t a ]
/dJ'w t'l
6 lF.da,". E't o L' z t 's 6 s 'z 8'Z l I z'96'z z't E q'z v'i*'z 3f,NV8l '20 t.
ij
\ ' wt 8' S tZ i:'" 8' El Z s 'l t t'.922 e'lsz
1 c'
aL.. o'tz o'rz 6'EZ 9'92 98no8mXnl-nn| 9138
l 'ho
' 09 r(3trrflJlr'rvlrdlj, lxY|ll t>, o
.J ?4
'd.oa t' zl l c 'l oo 9',669 t' /is 8'l l 8 v I trsnv
t ' z ll 7. U ") Q . ' t zg
: lt J
" " eu|w:rnl'rntgt Ti ;-dTi , zo gi Fr'rn-6i ,'tdi ft oZe?6t s:66rElI 0'928'0r t lVtot q') i l
"t ' 141q.
z 96l ' 0f r xn f - 8t6l '8 "l rudv'3i rv'I0,{nc
s3 | atNno3 ;3fvts oll I l{]
lVfOl LN]t4t33U 1l 3H1 lA 'lvIoI
3 Sn 3Sn UOI rs6 fsn aol rs sr tsod30
lOHl' l/tt st lsod30 tavdu3fNnoS
r.81NnOf, UOi
0l 9NtUtfbfu AUrNnOtr
AUINNOJ 318V'I tVAV s r l s odSo l o o tv
N ddv Fsttvl slNf tv^ | nof, uvttoo oftsntov
s L l sod 3 0 , , P, ; y ^l
rol 'M01 tr t'tgnd
UAHIO z Li i',V"l I I l8nd
1)1 '
(s r r l top l 0 s uo!l [!r ul s al fuar r nc [E3ol eq] ]o s l uel e^l nbe r " t1o0)
T\J
,r^ -\- z96t '0t lHnnJ0 sv
OJ 3HI U3ONTI
j\'r'
4)qw 688 0NV 't(8 'ezt S,,lV'l3l'l8nd U3oiln
intvls r d'll r \
\ *.,,tl' slNnoccv IUvdulrNnocIoNSuunclvcol Nv3doun3J0 sntvls
I l'lEv
tl t N n
stNiiocivs0NnJ
rgvdulrNn03
J0 snrvrs
]CO.U.N
TS
U NITEDS T A T E SPORTI ON CUMU
LATI VE

ACCOUNTS
' ' ft'-;
,\ ST AT USOF U .S. I(5') P OR TIONOF E U R OPE A C N OU N TER P A RFU
T NDS
3$*r UNDERT HE FOR EIGNA S S ISTA N C EAC T OF I9!I8 - P U B LIC LAl {
472, AS AMEN D E D
AS 0F JUI|E30, t952
dol I ars) ^d
ls'
(Doll.r cqulvalcnts of thc locd ermclr in thou!!ndr of dol tarr)

OTHER AVAILABLE FOR

TOTAL UN!TED sTATEs USE OBL I GATIONS
PUALI C
DEPOSITS
lrwsd AVA I L ABLE COTjNTRY

I UsE
P I€N]
ilE S
f { 7T,5't2 t-- tl!:!-t2 130f,06? 15l ,3 t7 $t68,ts 9 12,092 162' '199
,JUlrr30, t952
wl Ifr.LUXENORG
32, t t8 32,I t8 6,621 1,44 I, l 5l 4,000 t4,o22 I 5,073
r4 . 8 f597.5 s 9 ,S 5 2 . 3 I .451 824 t5
il, 342 84 | ..
11,342 4. 568 990 2,662 82
..nio ' 834 t,79r | --
il2. 1 77 e ,F . | 16,795 et,7st!/ n,653 3l , 093 1,276
t 4 .o 24,O ?r,3 {FEDEnALREfuBLtc)r......,.... 60,749
/D,5t5
-?'Tl 58, t58 38,69t n,851 7 7,9n
B,s?f:/
2,o1s
|
I
998
3.3t I
J .6 :: 2 r3.6 :4,'
o.515 6,810 16,791 | 2,059
5. tl 08.9 2,704.3 ":li 962 962 ilo t0t 2
9. 2 t,o tg ,8 / 915 7
3.0 8 0 9 .7 /oo
915 sl .: 17 ,t8 25
t"
| lo4
. 51,712 43.9n 5,456 t6,806 tff) 4,Ss I sc/
- l,5/9 9,417 14,O6 10,971
8. 0 l 8.o 4,836 3,283 | 192
4!8$ 4, S5
:: t7. 3 t6, 5 t .: l , 170 s l2
9. 0 ,rr |,13 2 .2
l6;55/ r 4,553 727 itg 253 I :.
l,2l al / ',oii
5.9 -1 Tt5.9
1.779
200 1,4t8 88s 572 44 a6 I ..
43.4 t.c/9 47 25t 216
334.1 .
89.9 S
2,5S ;; ;; 457 ,.'i | ,'i
8 l. 170 75,197 349
).4 r9.4
:: 312 na
| ,874
24
z,s*:/ | 1.087
t4t | .,
t::
3. 4 l?a.4 LOC ALC U R N Ei l C OF
Y R ESPEC T IVE
C OU XT R IES
I,8 0 0 .9 AVAILABLE FOR
1. 4 s7 .4 UNITED STATES USE OBL I GATI ONs

tE 30, t952
STR ATEGI C
M ATER IAL S
l-0. 7 | |, 57 0 .8
t'. rhoa.o^d, ol tchittingt.....1

t .7
,-! t5 1 .9 llJIilBoURc - Thotta dt of frcact!
-- fiol.sdd. ol lroacr ,...... ..i
6-rs.on
jl,SUS/
675,O77
7l ,54ti
I 31..526
4,234
24,57A 8,744
4.187
to8,351
21.7. Tt,7* 3t,096 l8.3IlO
:lirrioar of trd c............1, 12,28
35 .1 36,87s 1.385 i O,2O 28,006 lo,8s9
.1FED. REP.).7 ou'dtr1, ot 8,363r/ 3,t9
t .4 {5.7 .; r ilr i"". - 10,8{ 243,4 161,628 1 t6,986 8,455 13,$6
o! &cchr cs .........1 m s.zo a 606.204
1.5 14 .5 I S,530 251,0$ o,882
t .7 ;.; 212.4
- Tiootaa& ol ,|onw.........1 15.$4 t5,s 4 1,622
i Thottandt ol po! d, . . .. . . . . .1 6.674
t .4 7.4 ttiou ol tir a ..,..........;l
3Zl 3n l& ::
:: l o .5 i,r Tloitan.t. ol stildcr s...l
sr .sS e
l{ €JA
2S
.6.OOO
31,,806 26,9/O to ,24 2,472 211
i. I 143,7A 51. I t5 12,4n
214.7 '-
Tfrouroadr
tL^- - - - ) -
of
-r rupiah....,.l I
26.12r
t:
2A,121 8,713
9 7 .4 !lg4'and. ol Lrotcr..........l tv,44s 117,445 103,5,2 96,61O 7.243
.9 0.9
.0 r.o , -. rlorrradr ,r"oa., .. .. , ..1 34,9441/ i$,686 25,36I
. Iiltior r oJ"11ir c.......,....1 7,609 8-,2A
1.o9 2 - 2F 442 289
.:| 2.7 ,L tg r iir a ' o / tir cr ...........1
. Tfourcadr of poando
r c1 6 16,726 7, 136 l7p
479
6,O10
o. t 5.8 .,1 29.0/o 29,6/D 26,9 t 24,451
ot titert....,.l | .o57!/
.5 60.5 592 592
t26.9 Jitcr.t a rcc.it.d .r r"^r r"r;rrr".
.4 97.1
,^ran.t.r. to lI. S. t.crurr, bil e r c l a d c, t..p o r o r y td vo tcce to ID tp ca d U SIS.,
ili za t i o n. B . _ t t i 'D tra^c. (cqtioztent to tts2 th o u to a d ,) h c,cc., of sr to ta r co d n t.r p d r t d "p o ,* r .
i : i l \ - r i *. *:
.rpe^tc, ol th. Euop.a^ olfic..
rsa Far Eitt Prosrat: Frarcc '
ts riiclr lraua 6cc^ rcqucstcd bt thc r0r rillion fr6nc. (ts6t thoutaad) nd u^it.d Ninsdor 7ts t^ou,ru!
lil::fi;.t' pocnd.

f r ot Bar opcan'pr o$r.

lwdr.
': : ': : . *" : ctcadot (cquitorcnt to ttl t t^ o u a a d ) i ^ .,c... ot 5* o, .o t,t co t..r p a r t t!.p o ,i ,..
u t 'c n t ' ln"riolt
'e P r c c t t 'r 'n t A g .n cr ( D tl PA) fo r tr r a t.r i c r cr e r i cl 'h i ch h .r . b .cn o Qa r a a a .d ,
^ o t,.t

-5 -
 -9 -
' : ::il
' D ! tt ! r
.4Mm2- rww laror aVf 31,irO
"
-.W
ar] p.so?lar t1l^t_ ,prit.
P al n q lJ 1 B t pu n l *
. .: . . .. . . .. . . .. . P'ro tll90 tzzg tzr lou .4t\ \..r!' tl'rr,r,r ttt.rorrt t'"5 1rnxg1 t.u.9v tu.r zr ntoJd tttr J.r nt 2r uz!.0
us t rn o l ir,1 o, ,::i r :'":;i "":,;:i t":!r.
J o o x3 u pu a g o l s l ua u , (l d r:, ::r1: '(paotnoir.zzo'It) tpnnod puor noqt r D! o, .r .!r u er,
99e - r nr to) d ,.D? vsl ,rprtruf.-
. lt:. ,ij '
le t l e y po o l g tl. ' 3r!so d zp ,Jo dJzltnot roro, ro rg !o tt..r2 ur qgl!
{ pr or ooqr o1 1tz1t1ab.) , .opac.. ptor no\t oot.g ,rpn1ru1/rl -
,! ..plnl rorto)d uo.dolnZ ,oJt p.V.lun!
l. U I o u o' ! t ot ro d s wr J, prV,/F
u ol l D t l @S ' P @ q rl o? H t::
.::. .srs,
. .. ' . a er ta J a sr puo 4yqtro1 iztrtnpo rJoJod,.t ,::;:1::1 i'lyr"t'l;
l D rrq s , ",r,r",,'::;tt,or,:::::;'1;.;i.!:
y pn l o e to g "r . "oar p l uot r o pr ^ r zr . J , r r r"r", ::l :' r:i !/rj
s t oa ! ^oJ t edz8 n te g
. l a! la U lE !o a ds
:$ o o8 98 z 6s r'.tl
' . . .. s ? ut p 1t n g a ! lg ra ' .....' r r Dclp Io tcol l l r l _ ytA vtS OrnA
, L8Z 9 Zl
. ., . . . ?! 6 8t 99S' 6 L6E'Z '.. spunod lo spur r no.tu . noogN tx ofl tun
X uz c no g o r gs'l ii''' c o/' r b fi-
s I L'9 el t'9 '. totr l !o - 13ygi 1
"'. s a l l! I 1 c e3 6 ug s no g . --. . : - 6S i: "pu o' no,11
6Z 89 99- osz. t8l .Jr l l o tuo.!tt,!, . 3IS sral
0.Ltt7,9
I l l l q n d l o u o ll ) nr ls u o f, 08€ .. . ....
ooo '9 0 6z 's e q i 'o r z v L's .6 sopnr sa /o r puqsaovJ - tvgnl rod
'. . a:s-o-tTiT-Efiii 7i t L 9'
o6z E' E s o 8' 0r ,62-', I OEL'Z L z oE' I I z oe'l I tzrotl spbrro{J .L e r 'l
.u o ! lo . lytuoN
u o! l f n Jl s u o3 l 3n p oJ d o0l 9 rz 1 99'6 900'ol teg r e9 ..... r { 'r dnr to ,puo..ol J :/FvtS j N oON l
sgToiundluyli-iT o a g'z LLZ I 60' t 6 6r ' I ttt'8 oo0'9. "' tJtPlta,
- :.eo9'61 lo .ptD .aoql . soN vtu3H l l N rr-b
e6€ 'z t6 o' o €66 v eg'L ts e 'l osz ,ot' L .Jr l /o
. . po l n q :: ' uoi Jl rt. l tvtl
t Jl s l pu n L 9 zoz spwod
L.nn
I
u puP 93J aUUOC 01 SuBO.] gol z oz lo..spuornovJ - ONyf3Al
,z 9 Zt ts 9 t06'a ,06'L JauoJl Io ,pt'snoqJ
"' e 3u E l s ! ss v l B rl uq o a l - qilytt3l p cL 'L
"' s lp l J al p y { f fu e !o i }e O 8l sz 8' 8 € tL' 89 s8 0'6 LZ V' 991 LZ t'991 tDtqr D r p l o..!oll l tt
I t z L 's L - 3l l l U 9
. . .. .
9 6 0' L 68r 'l I ' 6 8 S't 696'tS ot8'ot 661.'9t tpuDsnoyd _ ( .d38.o3.t
cg.Ot1* i
s lJ O d J' l Y I r o o 's 6 tJor - 0 lo
Lvv z v L ', 6 9 0'e t?6'8 988'l s.!o) l . ^N
j Cmul
N yUgl
8 ra t s ls ' J el e l l i t 6 t 'o l Io r u o!l l tf
999 s o9' tl 6E Z 'Z 901 'E I 901 'e I r.uorl
55L
I I r P '5 1 lo sptornoqd - Iaymlo
! r ?l l e o J u o al t c ru n rro J os9 '€ t 9L FC a 'C I s 9e '4t
' 8 J og J o H p u o t A o tt e To a I r r o 'e l s s € 'l .t s. uoJI I o rpurrroll, . gunognfxn-t.nn | 9.I3g
LOI L 9 ',IE 69S 8L9 'r Z 68 e '6 I LE,.ZLI I Le'z Ll ..,.. sr r tllr { r 5 L 8t'1'1
prtg doaqltp pn spooy l s 8 6 's e l o r puo.no\I - yrU rsnv
tr Euttlstg pue tutqrJotl
Y'bL! LaI
N39! u3Hto cNv s N ots s | l r
NOu, s3sN3d( .stv I affvv NOltvur 'lvLor 3t8Vt MV
' '" f P o o JT ' !o Y t{ 3 l931VUJ.S .stNt}ro! f3N N33Al3S I sod3o
.YilUOJN I suSJsNvaI /;sl
J ?t o d A ' s sg , or Jt t . l g iOo
r?I un u o C' u o 11 c 1 : o d su e : 1 n 1lNil /A':)Nluutp oNv U].NIK):)
tt D I nu o fl 8 n o" w l l re i l n OI sNotrv9 | "lso rsn s3lv.r_sc3l.tNn
oo r d r. g gn a r" qg t u W.UI uol l'rsvltv^v rli "t'4
P w ''
oJ d l l rf a Ds j / Je' !
P u e J" g . n 1 s3 ru ri l n0c 3 Al rS3 d sru J0 l cN S uunc1V301 . o ,if "at)'
, . uo t 9 ".. 1.\.1\"9
d s8 D l 0 t ' I o lX
or d 1 oo 3 P w rn . lo J t .d
"' J ?2 7 71 1 J .i
,t 882 €zo'z EZO'Z ,.' v t Av t s o 9 n ^ tnt
s rz n P oJ d P O O I
z08 6r€ zs 6' e z 6 8 o.'l l l L'9 u 4'9 i l og9 f , , x 0 l t t N n
l J? l , dz J r, ' sl o 2 l re{ C ss9 os9 l oz 'l ED E 6 'i9 v'l
" " "' r "l . l t r. J J a s tg :: LV 601 901' oot ' v 6z 3l s3 | ul ,
t ?d o d p w ' J ? d od ' d l nd c
st 9Lr . t8 l sts iLEE
" " f,teurgcop
" " "' s l ? t? f l f ro . l Jd w It 6t0 0 z9 l z 8 t 'o r 299't ::' z 8s 'l "' ' A V tU Of,
' ' 6u ; . rn 1: e ; ,n u e y1 lt os 'rro' sg 6 666 It It
/l ;v
I ssN oox I t 2'
LL9 , s6 e 6as 'r ' h3:
tr or t p w , ur u rn J 2r lt 7
ogt LS t' 9 06 9 't tg o'z t s 9t' r I l " rYr I L JJ
" Eututll loeS
Ir l s gl 99S 99S
' ' s e lJ + s np u l 0 ^ l 13 E J 1 x 3
7 ,E s 8t :i 98t
tt4 Totnllncttiy nlto "'
laL
t 50u I I s 60'l I 3f,t3U 9
"'" t t lt e t oT atJj LI
06 9 ' t L z ot '6 1 It o 'I ?r l '27 ,zt' I 185'Z ' 906'O I ( 3 | r 8nd38 1YU r 03l ) l rY X U se
t o1 6 u" r ll P w q cJ o t ae u g8 E' 9 9 LZ ' I t9 9 Ll L 9 L'8 8r9 'SZ 88S.'I Z 3JtrV U I
€t
;296'6e
' " " u o ? rD nl ' .u PaI 0 >a
o'l e z8 ,7 8 9t 8'Z Abu I ' 168'r " t { Yt x l o
"""""' er nl l n 3 lJ 6 v st 3:','' ::' gr l 't 1b
aL z l 9s 8tt'l 9 U nOA,NXf n f 'n n l 9 l 3 9
' ' x 0 l l cn 0 0t d l 0 l l 0 l l .0 t l 0u d 9@ 'r L7 l5l' l 8S S W L, L pP
W L'L " v l a rs n Y
"" " ' l ua u eJ l l e u 1q e 0 h h ). h
tz-f e60ltf ss-z-rTlOI3]TTT 6t fziB e-itresT --t s t;?rel
l8 lYtSltYtti 0x Y A U Y J 3l 0 l l rgL
'.." i f i 6l
)N39V
u:Iuo oirv slrot ss rfr
}N NOlfvut ]]AYl I YAY
I YfOL tll3rI3€
.woj}ll )NttvtS dc I It3iVUrS -s r Nt x6v t3N /;srl sod?o
noo sg3lsxvul AUl.NnOC
s0dund 'n
) or
wuJ. 3Sn S3tVl.S (BttNrl
sNolrvg t'180
uor 3-lsv-llv^v
spcanoql
A oQ ' 9' A
(sJellop ,o u! FlcE/lF lBcol atg ,o r lsls^ !nbc JRlloO) J "i .i T"/WV
)4v n +*!attl
z96t ' 0t ri l nr - ts6 t ' t A ' l n f
030ll 3t'{SV
V ' ZZtt ,, M 3t' l gnd - 8t(61JO ItV l S N V tS tS S vN g t3 U Oll H l u l o N n
vc3/vsfi . s oNnj l uvdu3l N l l ocN V 3d0U n3 J0 N 0l 1 U 0 d(4 S ) ' S ' n J0 S IU V 1 S
31s
vu lls vI
/1OU
dJ V
eq 6 r lv3stJ N0rluod s3lvls 03II Nn
\i l
)5 2
A P P R OVALS
AND l,l|ITHDRA!' ,ALS P UB L
I C L A v ll4 7 2

IPARTFUNDS
\72, AS AME}IDED

,l I rr!)

BL I GATIONS

$ l ,613.7
---26'-dl
2e.4
759.0
16t.6
118.i
10.2

90 a

19.I

I t0.0
53.5
11.5
10.5
<9
4.0
10.4
2.3
-0.1
C TIVE C O U I I T RE5
I
0.3
3.4
0.1
3L IGATIONS 8.9
174.5
53.5
56.7
22.0
14.1
10.5
7.2
11.3
-0.8
0. I
o- /
t54.5
139.4
356.0
190.u
2+ 7.3

209,3
195.0
14.3
r9.0

10.8
1.4

r rt d.posits. b-4

h hatc not lct bc.n obl;gdt.tl 7.3

I t.7

-7 -
 - 8-
.slm! *n\o ag Jlrc ;m1oq clQt lo wt1oz11!$ yw.l'titocco Ziti 'l'il dll ol P.rJ"LslDrl
tr;elretwo" (Jrt..7.d q!.
'ml! 9'01 to acuoloq a4
68t pn r78 "lld nlt ritS wtpliTr- tu (wtl|tt E'tl ot tutToalnbc) s8tt711trr1ts w!11!r
"o,7 "1-or-
'N0'091 . u o rt D t ! l ! t n
lwozrD 61, ,7.d eq, ot suorltod asall 9'pttlculF
tanuddo to! f,tryrgzwdsar Ull/Vgt xlt tD P?J2qmNem eJsq'up strr!,dtp lo 'eluo
t 9'61 lo acwpq Pmss, "\t
Pas'tlrr eti
t'0 ' saJl AJas. l E l 3os snoau P l l €os l ri
ur4EJPql
l'0 ' ' sl s0dul l d u3l l l 0..
;. . . ''; r uE + sl ssv lel !uq3al
c 'n
s l J OOJI V
;- :: . '. : a: n 11nc 1r6Y
8' I ' x0l r 3n00l d l 0 l { 0l r0n0ud
t' z lt' I - ilflYu0Hrn{
rs 0r
.p atnqr ..l l # z'o L'l e'o l. ' P al nq !r + s I pun
8'0 l, ' uol l El l uPs pu e q l l e a H
r lsn pu I puE ac-r ouuo3 ol bijpli 8 '0
9 '0 0'l l' ' s a.l ^r es l P!c os s noeu Pl l s s s l y i
. af , u pl s 0 'l
I ss V | €f , ! ur lJ b f.
t'l l.' " us l rnol
!l a0
" -. . s J og J D H pu o sf o at a 1 ol a'tt n't l' ' sO ut pl t n g r11qn6
. . . .. . _:^ 6' t Z. g Oul s nog
s ua ; s ,f s , J a lD l L9 l ": '
. sa 8 pt t g t o aq ? t g ''sl sodl nd ul rl t0
p ro 8 '6 r9 :- 9 'n 6-st- 6'8t l.
. . s a l rl l TJ b l u oa l D )Tu n u" puroc o[
.' .. . . 6'99 l.' ' ' ' pat nq l i + s l pun
: . .. s P D o Jl l b u r. _ 6' 99 8 ' t?
, o l J e ^ o <] , Jr Jr J ei f l 6' f t' z 6', I' '- ' af,ue+s l s s v le3luqf,al
PUD'SOJ.
; 6 pu e ' u o I l p o I un u uo 3 , . sup j I '9'0
t '0
s a tn 1 t o ! nu o y l s n o au D l ar s! r f
I
i:o t '0 E '0 0'9
: . : :'. .' ")r)r"r'r;"r;;;';E:;I:!
'"... . .e l n . s t ?n p o rd :- ,', 0' , s JoqJoH puo sf,osJeloll
po o i
,7'19 ' " st1ll?1tDl uol Io2'!un suaJ
st r nP o J d J a gg n u P U D r ag j nv
' ' t"?lll tur r lsr g pul Tu oqor"l l
t z Tl rl J ? l 7 d eJ r" . s I D" l . J a qr . ov 0 't | 0 '9
c' oc , ' 6r I '7 6 8'916 s Poo J l a p u
J ?z t l 7 tJ . i l. t-'-8,/
l-tt ' s?a7r 7a?ol Jedod Puo 's r r 'c aJ l " al X
, o rd s s D ?, pu o ,X o\ g , eu o lf - . ,' 69t 9'tt
t 't gz 0' 9 E a'zot ' Mn puP suo !+ 83 ! unuuoS 'uol l euod s u Prl
" , . ., { .t a u tq t D il o' 29
l e JT Jt rz l g
tz n P o rd 8'.0 ' ' ' ' 's .2J nl c oInunfl s noeuoT Te o s Tl {
ll r e4 D s ' P U D r ag rn ? ' 8' 0 l'
rt J t ra If l , t , ti u l y co ry !'0 l' ' ' ' ' r a?l 7!tr ?l l d" z r ? 's IDrTu a q ?
ld a c ra l '0 t'0
' . . . s a l 7 7r zJ z 1 so g 6' 0 6'0 l' ' ' s tonpoJ d s s D l g PuD '[el 7 '? u o t s
o rd r" d Dd p uo , ta d o 4 , d1 A4 tt', f' ' Jez77 71J?l
t'0 . . .
6'17 l. s ID t?l I f , , ro u a rd
"'. s I ot e N f ,t o t tt 4 6' rl
0'g l '''' " ''''l tauul toy l e" a rt " e l g
6 u1 -r n1 e e .t n u ey1
l 'l L' l 'l l. ' s Z c nPr d 7oo9 PU D an?l o rl e d
E u rt : to n j pu o . . . 6u1:n 1 c e l n u e y 1
8 u tu t 14 t aq t 6 t' ta 8 't v 'l z l.
" "' t. t i l. . . 6u1u1y 11eo3
E utu111To og t 't f . 9 'L --
"" " s a l J ls n p ul e ^ r1 3 eJ l x3
f 't, s tottot1 7otnl 1nc r tty taqtg
I Ol
v ot S o t 4 Tt t nl T nc t t? y t e q lo t '0
c '0 t'6 ..''uoT T ouol J ev PueT
' ' ' S u rrl s l d' -:
ttPeJ9 al od
' u o tT ot o 1c a g pi i j , 't n: ,
o ' lz t 'l 8'r l ar n11nc1.rby
/ as ' u o ls u a lu S P uD q cJ D 2 sa v
9 'r L , .
' f,t 7sa totr n 'o e T 6' 808 r89 L 't e 9'l t0 I 0t r cn00ud l 0 x 0tl 0t{ 0td
" a r nl l n ? lJ 6 V a! 9 'ZL 0'92 L l l t S l { 18l 13u t8l 0
o rd ] l o ,u o l
:'IY^{VUCtll
lti{ l0 3S0dUn
"." "' l ueuai l l eu lq
:s l ?A pJP ql !f i .,o es od
e' 69| 0'801 6 '80e 8' 89 8 '8 0 1 t'880'l 0 ' /s9 l . . .' s' r Y i l Y uor i l l
" "' s l PA e tr'trOl 6'808 L UV 8 '8 0 1 I'880'I
9'rzl e ' 6 8 9 l . . . . . .' ' tvt{ vu 0 t{ l u ,t uol 03^0uddv' t Y
' le^rPrprllrl{.lo} pa^orddv I
.
snv^ssonrui0 lsn
;'o/n fi' 901 o'e08$ r89 ht'zt tl 7 -6 r' l
" el r l sn v J ol ac u e l /stur t I r{re
' 's'n ro] ps^/es9u ' $ ''
s s or l l !t,
lo slue lP^ !nb] rE I lo0. p,ql*s{ ltrt€u8n3
""l un oc cv l er sa ds u ! sl ! so ' 'lvlol
e96t '00 lilnr J0 sv
zl.fi l,tY'lct lsnd
F688 oN Vtr8 S A V ' IC l l 8 n d
s0NnJ luYduSlNnocAcll3uunclv90:l J0 snrvl$
Yt 3'lsvl
088 oNV hE sl,lv'l c I lgnd stvi/tvucHl
| 1,1
0ftv stvA0uddv
 8 Il AN D3 B g
S TA TU SOF A U S TR IA N
C OU N TE R P AFU
R TN D S
JUNE30. | 952

INDS O..IMJLATIVE APR I L 3. I948 . I

J U N E 30, t952 J U LY 1' l 95l JUNE 30, l9s2
I

PUBLICLAl{ I+72 LocALcuRRENcy .0"* cuRRENcy

| .o11t"il8-r, | I .*o,oliT*",
( M tL L to N s oF (MrLLroNs oF
FRAI{CE I TALY (Mr!Ltoxs oF
SC H tL L r N 6 5 l IMT LLT ONS
DoLLARS} scH I LL tNcs ) DOLLARS

OOTLAR LOCAL DOLLAR , os it s in Spec ial Ac c ount .

I OD J
:AUI VALENTS OJRRENCY :CLJI VALENTa
(tillioat (Billions (trlillioat ir is t ed Dollar Equiv alent s of D e p o s i t s 1l-.ll-'-:3 $8't7.I
6e[t;6 1::11 $ t 61. 3
t 58"2
uc r) tf Dollarc) of Litc) >f Dollart) if Reservedfor u.S. 671-9 , 32.t , t69.3
lilanc e f or Aus t r ia 7. 7
12.766.0s/ 667.5sl 3,21[-5 150. 5
.3 $308.9 !9!=-!.. 1173.2 USEO F FUNDS
BY. AUS T R T A

f or lVit hdr awal . . . . . . . ;. t+l 8 5

? 3 08. 9 t04.rt t 7t . 6 "ilppr o"uA 7, tllt6.5 2,300.0
hdrawal s r+17o
7.436.I 2.+ 2]-2
3 308.9 ios.o 169. 3 poceof l{ithdrawals:
c bt Ret lr em ent. . . . . . 125.0
i on' of Pr oduc ti on | 2.5
r or not 6, 590. I .7
Agr ic ult ur e t,04ID :3,o.u
67 2,22E . I I 0q:;
308. 9 q7.2 For es t r y 594.4 td..,
fgg:g 180.4 9.8 59.8
_ 2l.O : Resear ch and Eztension Ser uic es . , 2 .8
i3.6 1 7 2 .4 8.6 at 7 4 .2
,Land Reclar ation ,.
'_2 2.4
-: ' f i shing
Other Agr icultur al Pr ogr ans
65.5
4.3 0.1
J.4 17. E
1.4
4 .8
(b)
...... R ,to 2 34.9 224.5 1 0 .7
19.5 31.2
Extr active Industr ies .....
4t5.O .24,3 150.7 l 0
5 3 4. l Coal Ilining
I 2t . 4 _ Other M ining and Quar r ying .......
243. 0 14. 6 9A"0 4
170.0 9.7 60-7 2
7 7. 7
I 5. 0 M anufactur ing 't7
2,507 .3 4 o 36. I
7 4. 9 Pr itar y M etcls .
862.5 47.4 971 I 10. 9
1. 4 Pvlp, Peper , and, Paper pr odu c ts
nq Basic Tezti les . . .
.. 5 34.3 27-1 201 \ 9.4
2
218.1 11 .0 63
2 0. 7 M achiner y, except Electr ical ,. 169-0 8.5 .84 I 'P
2 0. 8 Lutber end Scuaill pr oducts ... t25.0 6.4
Electr ical . 7A' I
3 .4
0 253. 4 ,r._? 55.6
$tone, Clay,
M achiner y
cnd Glass pr odu c ts
85.4 5.8 9? 0
1 69. 4 Fer tilizer 84. 7 4.3 ao 11
J O. J 2 8. 0 46. t 75.0 4 .O 4 4
- - o- hpr iccls, 0.2
0 ,r_r- 4.0 6.9 except
lJ?ubber and Rubber
Fer tilizer
pr oducts
..... tl
45 T
Food Pr oducts, M fe. .
26.7 2.1 0 , (b)
0 4. 4 8.9 0.7
o:9 r fliqeeJ lcneous M anuf acr ur es
44. 5
1,
t6
(b)
0.6
tr ans., Com m unication, and Uti I i ti es
EIectr ic, 2,654.6 | 54.8 782.
1.9 Gcs, cnd pouer Facil i ti es
I , 1t07.3 to-J 55tt, 0 26. A
4l.B 66:s icilr ocds.......
Cotauni cat ion Fac i I i t i e s 804.0 52.3 12q 4 6-1
5.8 9.3 rl Rocds and llighuay 210. 4 12.9 3 0 .I 1.4
t Br id,ges
llater Sys ter s 20 8.0 11 .7 o4. 1 ?t
3.9 6.2
. llater uays 18.3 no 6
and, Har bor s
6.6 0.5
OB l.t
,Tqch' nical Ass i stance
0.6 t.0 25.3
Com m er ce and Industr y, N 6
u.o !9]1s,to 4 t.0 )A
Uqdistr i buted . 6.0 0

2. 3
I i o7. o
721.0
EN

37 .7
l o7 .0 t 0
l.rt 193. I
a F, I
,.1 18. 6 tt4-5 ta
t.3
257.2 8.0 ,,:
u .b 1A a 10
o. t n.o
o.8
t0.0 0.5
d.l a.t 4n l.u (;
AA
u. I
l 0. r+ 4.6 -t21.2
tle uused balnce of 70.6 nillion
- 5 .5
u d r e sp o r u i b i l i ty for qpraring sclril lings (equiaalent to 93.3 nillion)
s to tAe P.L. 472 qccwt. trasferred. fron the p.L. 84
$5a,000.
P.L., ]lt arld 31I cccomts hos I
t i t h P. L . . 4 7 2 c o rmternart fwds,

-9-
 ! ':i -.01 -
'00A'A99 w \r s s .7F
f:l''::ill
_"*,Gi:
r:l::: s' 88E zl se s'88E
i. l i !-. t'nt 6 ' 0- af,u" +s l s s v I sc I u q f a l
. ,:.i 8 ' 28 9 ,t'9 I I '899
H# :u$Erptlllfi eq ol
4' to$ pasoe1atftt-r-.d
0'l
nba ,snmt! uoq17l S.O z 'l t'6
"rp11;lu. = t'z o-'Ei
8't9
t'0 L'Z " '- " aow l s l s s v lE3tuq"al
OU
f''o
E -- l '0 0'l ... " " '.' s tT tr l aT nl uol l oJ l uarro Q
t'0 0'l ' :'" " ' " '- s J oqJ oE Pw s l terz l o h
a. .....
9'0 6'tr s er t!l 7J D t J aaod Puo 's o? 'tr r i r 2 l g
F'-
B LG f '9r " " '" t2el l ?ur r l s r g Puo l uot q 2 J . l l
b- -
9'ZZ s a!l l | !}n pue'uo11er 1unuuo3'uo!l P+r ods u e rl
F._
E! O L'
ol nw 11 'c s r1 1
tr- -
E t '0 ' s l enPoJ d J aggtu t J a g g t ru
lD)
t, ., s l ,npoJ d s s D l t P@ 'f,ol C 'l u o t s
c,uo,J,'u o !T a.n, potd G'0
tj'0 ,'6 " "' J 2z !'l !l J al l der r e's T o.ateq 7 _
: " ""
9'0 0', '............. s l J npor d l l l r dr s ' Put J. . q n 7
' ' ' ' p a +n q ! r l s r! p un )
.. . .s 1 l '0 " " " Bl n 's tonpoJ d p o o l
e ! Ja l p yt , f c ue ! ol J eg ' s l z npoJ d r " dod PtD 'J adnd 'd l n d
0'l DY
......- ...... T dac ta'[,J eu7\a o t !
t'T 0'8 IootJ l t.l g
.. ' . . .. s l J od J l y
9'9 ,'9t
oz t g f , on q ?t p p uD s p@ U r " " "' tu i { s t J
. t'0 0'c
'srogrDfir ptD stoeralDt '0'9 s aJ r 4J as uol s uaT ti l Pw V.JJ D 2 5 a V
8'0
a,79. ?uttSstg g l!Dq:or"t{! _ "' ?aP.t9 rJ o l
.' .' .. s P o ar .l B '8 6 '09
l . DU
, ." a l g tr-Tt o'76T- uo!l r npor d j o u o l l o ro i d
ol ra e od g ," o g t' 0 6' 0
g / uo 1 1 e c 1 u n u uo J . .d s ue : 1 . L E6 6'609
:s IPAE.r pql r l i ] o a s 0 6 J n d
tc o l nu o y s no e ff i I Ie c s tN
6'0 6 '8 t I 6'l z8
,o rd re q qn v : l' 0
P u o r eq g n u 8' 88S l'trOZ 1.'9l tt'l ' l e^ r er pql ! f l r o, P a^orddv IE ]ol
ta d o 4 pu o , t ad o 4 ,d 7 n4 , z' 9 9
, z u ol g
) uvH l l 3o 18 s0N f l l l 0 3sn
ts D ? , pu D ' f . oq g
| ' 98 0'6tZ 8'ilz E 'U , n 'l ' l r Puue0 , lo+ ac uE l eg
rt a g Td a c ra ' s l D J a t. q S 's'0 r o5t p3 ^res eu /9
6'r t'i l rrl 8 'U
, Jd To oJ P uD un e lo rI 2 d s1! sodao + o sl uel e^ l nbf r P l too pal s n[pY
0' 8e t'9zz
" " 8 {n ' st r Tt po rd p o of E'r.sz$ r '9 9 9 'I . . . Tunocsv l P! 3eds u! s + !s odao
0' 8e$ t 'z9z
" Lt a u t y to l y ID a r t r. . l g
( suvilod ( af ,x ot t ( sr tl l o o .( u tto g )
" sN o l r r l h )
' s 21 7 1r e l rT so g to sf,olrrrN) s 6 N Ottttff) JO Sr Ol ff!ff) ,o
" " . J ez 7 77 l J ?l slN3TVA lno! uVlloo Af,N3UUnf,'lvf,Ol
Z/n /llYl Cl'180d
IYAtm3 uvrloo 3N3UUnf, 1Y301
' s' lo l ef t f t o : z t 4
z 96l '0€ l N nf
'" "'' " 6 u 1 .. n
r 1 ce 1 r' rue 1 4 , 6l 'o g 3 N ff - t s6l 'r A" l nf
" 8t6l ' 'e
'l lU dV ) '34 lJ-Vlnl^lfo
" " 6 u 1u 1 1 4
tJ d t a ql g z96t' 0t rllnr
ID r nt l n tt t 8 y
' " " ' u or lD r D lJ e V
PuoT H S T N VJ0
s0Nnrluvdu3rNnoc o sru vl s
r n. r r n*r r fiu '
.@ .slriodap uoalTa! 9'l sePnl"ulh
lo %g t" ssaet, ul sc@Jt @7i1.9
'0 00' 0gg @ \1 s s z ?F anoquamT nj paltwtoa (uot11tu T 0f)::v!.u:'!111u-8', sePqtulfD
'' '1u e !|er tle u lq e c
:steAeiPqlil +o asodr z '0
( r) '--o l_'' " " aguel s l s s v l ef , ! u q c a 1
a' l z 'l ' s al !^r €s uol s ual x 3 puE r -l 3 J € e s a 8
"slens'lP$+ ..'
r c l l c npotd
n-'''i 6-50 E-T T=37 r o-u n t l o rc i ;
,rPrPq+]fr .lo] pe^orddB lelr :uAerPq + ! t e q o l
( t) 9'O s a6e1c e3 J a! taU +o uo!tp+J od s u p J I
YUrAS-SotmJ
l0 lsn ; w 9U
- 0'| | s ac l AJ as uol s ual x 3 pu€ q3 J Pa s a u
a 'o
z' o Ub t 'a a 'tol "i"""' af,u€l s l s s v lPcluqsal
" " "'asuerJ ro5t ecl,tleg . uo!l c npoJ d
TN i-T E-Z Z-TI J o u o l l o ro rd
:6 l P,.r s r pql r f i J 'o e s o d rn d
""'s 'n ro+ pe^rese8trg
sluelP^JnbfrEI Io0 Pa+snft z'0 8'8 e'z l . '9 | | :::::::::.:
.9 '
I L ' 81 8' e I 'Z 6 l ;"^",;;l;,
;",;;^;i;fiJi;l
lunoc3vletcads u! s+!sod. 9Un08HlX01-ilnr9'118
A8 Solrnrr0 lsn
L'tz z ' 68 0' I 0't'Z o '! & 'l ' 0rnoguaxn'l-urn
! 6 leg ro' ecuplpg
z 'l tr "29 9 'l /42_t_!___
8'ZZ 9'92 s1! sodao + o sl ual e^ ! nbf r e I l o0 pal s nIpv
...
zFTnTn€n-d 6'ZZt l' l. f r l' I /i6-sz$ /i 9'ql t'I + unocJY t el cads u! s l !s oda0
(swtl@ - ( st N vtl { s u vl l o o ( scNvrr
JO sNOtlttr) , o s N otl ttB) JO SN Otl tl A) ro sf,orlfln)
l.lv^ | rbr uvrtoo A f,muu n f,'lY3 0 f sLNS'lv^ | m3 lv'lf oc 13Nf,AU0tr lv30'l
zl,fi r{v] c ll8nd
'l zsql 'oe l N nf
6l 'o € SN n r - 19 6 l A "ln r 'e 'l l udv 'l A l -Lvl nhl r D
8t6l
z96l '08 lNnF
SONNJ l U V d U S r N n o cg u n o s f f i x n l - hl nl 9'l 3s l 0 s nr v l s
___ _, . :-1
 STATUSOF FREIICH.
COUIITERPART
FUTIDS
JUIIE
fl),'1952
JUL Y r , t95l - JU N E 30 , I

OOLLAR EqJIVAI.
C LMU LATIVE , AP R IL 3, t948
(Mt LLtOn S OF ( M t LLt O ilS
FRAilCS) - &LW S)
OF
JU N E 30, t952 JU LY |, t95t - J U N E 30, t952

1,1{7. 1 $22.9 PUBLTC

UlW{72
22,5
57.r+ t.2
I , 089.7 2t.7 ( atL!r offs or r ntttc s ) l ( x tLLl ox s or oor r r ns l l {r r r Ltox s oF
FRlrcs, o{ 5 0F OOLLAAS

geposits in Special Account. 777.3 $2,533,2 , | 50.9

78.7 t.6 $ttg| .o
8. 8 0.2 . usted Dollar Equivalents of Oeposits 2,509.2 rt31.0
for U. S.....
5trSeserved .38.9
I t2.8 7.6 2 t.6
E. 8 0 .2 Ealance for France.
o_1 738.r+ 2,395-{ I rl3.3 qog. +
'_!
USEOF FUIIDSBY FRAIICE
Tot al appr ov ed f or llit hdr awal.. . . . . . . . . 737.9s/ 2, 393.9s/ | +8.7 1125.0
. l .q
dldrawals. 737.9 ' 2, 393.9
' t.2 l'{9.? It25.0
(")
of l{ it hdr awals :
0 a b t Re t i r € n e n t. $5.0 t7l .rt
Pr o n o t io n o f Pr o d u ct i o n . . . . 5t0.7 t ,69|l.9 {8. I t3 7 .7
-.
ffi 234. I -;--;
lLT
.L a n d Re cla ta tio n . 23.5 79.7 4.7 7 7 .8
, Oth e r Ag r icu lt,u r a l Pr o g r c es...... 54.7 154.4 0.1 0 .3
M ln i,n g . 86.2 306.5
J ULY 1 , l95l - JU N E 3 0 . ..:.iM a n .u fa ctu r i n g .. . . 17 |
227.A FI

Pr ita r y M e to ls. 58.8 1 8 0 .5

'' 6.2 17.5
(rrLLton S t x t L! t or 5
F e r tilize r ..,..
Bo sic T e ztile s....
4.2 13.4 o ,,:
ino{ER )
s
ooLLARS
2.0 7.1
' ' EIe ' ctr ica l
' ltr a ch in e r y 1.6 5.4 -1-
?21:-! $ 3s.0
3 8.0
F o o d Pr o d u cts, llfg ,.
' Pe tr o le u a . e n d Co a l Pr o d u cts.. .-..
1.4
1.2
5.3
4.0
t3. I t.9 ' Clr e ^ r ico t.s, ..r ce p t F e r tilizer.....
2r+9.0 36 .1 7.0 J.3
" Sto n e , CIa y, cn d Glcss P rod,ucts.- ,4.6 7.8
Pu Ip , Pe p e r , o n d , Pe p e r Products.. 0.3 7.0 ::
588.8 8 5.2 ' R.u b b e r a n d Ra b .b e .r
Pr o d u cts. . .. . . . 4.2 0.7
0.9 0 .1 ,' llisce llsn e o u s M a n u fa ctu r es....... 1.8 <a
-1.3
' T r r a n sp .. .Co m m u n ic4 tio n , 'v 7 9 . 2
& U ti I i ti es. 2.t 6.4
EIe c., Ga s, & Po u e r F a cili ti es.-. 170.,8 569.0 0.1 0.1
iRcr Ir o cd s. 34.3 124.8
' ;trle.rchant & fi.silring Flec,t. 0-6 1.6
1 3 "0 4 8. 4
Pa te r vo ys o n d . Ha r b o r s. '5 . 7 18.9 ' 0.6. 1a

',
fr o cd s e n d Hig h u a y Br id g e s.
Air p o r ts
4.t
1.4
14. !.
4.0 '_! ,:1
' ,6ef i c,i ency Maiter i a I s.. .. ,t0.0
;Un dist r i b u te d . . z7 E 't 0 9 . 2 #t

ilit ita r y Pr o d ,u ,ctio n , .Co n ,3 .t.ru,ct'i

on,.and
7 2,.oh/ 205-7by' 72.0
0 t.h e r Pu r p o se s.
t '1 0. . 2 22t .9 28.6
Ho u sI n g . fo[:B )v9.D
Pu b l lc Bu i ld in g s.
: lo u r ism .
8.9 o.9
t-6 4.1
' .:He a lth a n d Sa n
ita t lo n .. lA
l.fa n sp o r ta t io n o f Re lie f p ackages.. n< t..4

tliides 0.6 |iLlion frurcs, equiualent to g3.7 dllion tronsfemed frol-p. L. Jgg.
'uat act,rnllt rclcdsed, frot tlu spcciol acc@nt as part of qr apprwecl progrun of
nyl nllia.
r': r:
'4:l
 -al
,
slJlu?oa Eut lodtctg
-od JaF o
peddnls epoo9 ,tot stegtdra rarJag f,Dd ot p.sn etaa T.ndtzgunw lo tgtsodeplornltlppoes.!I'6r76,
o7 tottd p7o lDuortrpuot qctaar o? tutrortD WI Uodr?ruroc ut paltsod?p N uoTllTr V6!7 sery1sul
fr,
'_-1
z '0- I rl 8'n .'
tTJCr8'0'/ srlDts
P.t?ut|
'n YOruFJox Plvder eq 9' 0
;;;';', j";il,:l:::':o ' s 6ul pl l ng 3 l l q n d
lunocro YoIllrJ oi | r'l L 'L
sznJzsa.rJ"tlo o' t I t '9 9 '9 z - !Jn 0 1 '
w u77.Jr, '',,;;i';:,
9 't | 9 'L t't, '. ' ' s e6el c ed J o, ! | aU J o uo I 1e1r od su e j l i
u"tl Tmdtag,rlot ItPnl
8 't | | 9' 9 6 t'zw
/;pue[ uo sou{ I L 't t l o' t6i
::::.:.::';;;;;;;';;';";;;;;;
:li;l;, i
ae=
'z n Z' LLI I t r' 9 9 2
. :: :T:i:::i: ::::: . :P!! :l,+::'xf:d-
'. . . . 3. s b. drnd te q l 0
t' 196
l
'et l 'L t t | 8' E 6 8' ZOt t
rlls uodxl rol secusAF ..... as uE +s ! s s v
I 9'- 9 | Z' 9 9' E Z l v c l u q ce l t
ue^ogu!tra8 lo uod.qj i
9'0, | g' ,9 8' 96 puo s x oa':o'0 1
'" s8urpl rng ct1qn4.'..1' '9 - :. : : : : :...: : : . : : : : : "n
i ... .. r .. ...g uts nOg, .,:, t 't G - | l 't / , G"t,
'c 9'G 6 | 8' " 0' 09
'''"''" '' '' serrrrr"u,,;'"'rr:;l"r:;L:# i
r" * t r lr d , " , p o . . . . . '. 1 . . . . r . . . . , . s l el s rg
o 8'6t | 6' t' t' 91 ea 1 0 ,1 tr :
""' Pa l nq r.r ls rp u2 l ', '0 , s 'r t I e' ss 6' S ttl " ': " "' t eel l ?ut r l s 1g puo tuoqrJe n
i
I e zJ ?tto c ol su D o? '9 t 6't9 | 9'68' , ^8rt ' s r l t ! 17c ot r t eod I , i ag .c rr7c .lg rl i
'Eu rr l sr g g tuD l tre n 'B t 6'091 | t'692 ?' 960 ' l ' s a! 1! l l +n | 'uo11er 1unuuo3 "dsu e .l 1
..r sPr ro Jl l ou '0r , /' 6, . . . s i r nt r D {nuoy . cst1 1
I l' 9t G' ,€9' il
..... ,
sra ts,( g. ra 1o 1 . '0 t'0 l 6' , 6' 9 '. . . s t r npor d r eqqnu I req q n u
1 7 co tr uo Tto cl un tu oc 'r- 6' 9 - | 6'9 sl.?nPold s'',t9 I 'Io1.3 .ruots: t
9' 96 l
" " "t l r npo, . t 4 t c do6 q ', t t do4 '.d 7 n 4 il
{nuoy saoeuol I ?os rlu.... , 9't I t'8 t' 9t rl
or d r eq qn [ g ta ? qn g ': '8 t't t | 8 '8 tl '9€ "' '?t n '87c nP oJ d ?oo l i
'tly1 ' s7 cnpord pool ,0 9'6 | 0'0r ' ' ' s al ! l r . tr tl so g
E ' G' l
ss Dl , ? ,[o1 3 ' 'au o 35 '0- t'0 - 6'0r "' s t r nP or d l D ac B an)l oJ l .d iil
| ,' trt
"" sl ol e tl f,tor tt4 't t 'r, | 8'66 "' . t "z ?l l t t eg'r o's l ', . t i r r l g l
il
9' 96 ill
tJe tr ' re ' sTo ctta tlX 'g ,'t r | € 'Tt 8 ' rt , "' l o?al l i el g
. t e 'Ltautqc o y
'tI
r
tad o 4 4 ".te do d ''d ln d 0' 06 | ,'l t 8' 19' " f , , t aul qc ot l oett J rt.lg
l
,6,
'... se l !1t,J ? !s Dg .. 6't9 | .0' rt6I iiI
'zt t' LLt '' 9 t 7 z
I L'gt ..... 6ul J nl c pl n u e n r
l o.l g 'r e fteu ttlt oy t ' 816 ,i
. 6ugul n ,
t' 6t I B' t6 L' egt lpo3
'0 7.t I t.n t el n11n o 1 .16 y
r +s nP or d J o uo ! lo u ol d L' 862
0'zz9 | s'z9L fonT uo ! + anP oJd ]o uo I l outo.td
r d + u e u 4 s a ^uu l!l
:6lP.AsJpqllt lo asodJnd
u l J a ! la u + u au r r o l
'''sesuedx390.1l z'6 6 9 I 0 : 8 0 0 ' I ..... sl Pr {€Jpq}! t
l'zlo'h
0'66 9 | t 'OO O'I 6'920'fi lPfiBJprl+!t .ro;. perro.rddv lplol
oJ eql lB slueula6Jnqs ArivilUto
fE Sotrnl-1o]Sn
L'lLe'h { { D u u e g Jo} oouel eg
Fert n'69tl .. .. .. .' . l:......
unocavY ol uv9ol erel susr l
:.
6'01
0' 8tz ::l:1-- 'sl l eoda0 to sl uel s^!nb! rpl l o0 pal snr pv
0' 8lz $ Fh'980'9
r.lunoscv le!cads ut sltsode0
lr
{ suY.r"rOO s ru v lr 3 H rs r n3 o l (s u v' r. r oa ( sxaYfi !Htst.n!o
sNo rl 'rtx ) r o sxo l'r 'rrx) | Jo sx orr.rrnl r o s N o| .r - r r x l
sl.Nr1vA I ml
av -l-loo
z 9 6 l 'o g lN n F z9 6l ' oe S N nf
' t s 6 t ' t / \ ' ln f gt6l 'g 'llud 'ilAllv-lri{D
296| '08 3]tnn
uY.ts soilnJluvdu3$tnoc
(otlsnd3u1vu30lJ)xYlnll9 J0 sntvJ.s
IRPARTFUNDS STATUSOF GARIOACOUNTERPART
FUI{DSFOR GERMA}IY
dl[E S; tBE2
r48 - JULY I, 1 95 t -
JUNE 30 . 1 95 2 CUtvluLATlVE,
qrK tL J. t94g J U L Y I, I9 5 I
,R DOLLAR
LOCA- qJRRENCY J U N E 3 0 . t9 5 2
EN TS E q JI V A LE N JU N E .30. | 952
(H r L L r o N s o F (rrL L roi l s
DE U T SC HT EI AR IS D OL L A RIS LOCAL D OLLAR LOC AL DOLL AR
CURRENCY EqJ I VALENTS C U R R ENC Y EqJ I VALENTS

2 I e r6 . 0 $ 2t s . 0 MlLLtOits oF r al LLtoN s oF

'8l Il 2t 8 . 0 DEUTSCHE 0oLLAR S)

UILLIONS
D EU TSCH E
OF
'l i i Jl l l "'
r+ 5 . 8 t0.9 r^R K s ) lrARxs l

rt | 2'+5.9 58.6 posits/......, r-.. | , 667.6 $3e7.0 230.7

2 | 62[.3 lrt8.5 $54.8
sbursementsat the request of the s. | ,337.3 3 t 8 . rt 3{q,6 82:0
r .| | 699.0 166.!t
.0 | 6ee.2 t66.5 COGExPenses..... It63.0 t lg . 3 10_8.0 | 25.8
I employment Relief in Berl in... r+25.0 t0t.2 t 3 5 . 0 I 32.2
.6
I 522.0 t2'1.{i rrl in InvestmentProgram 2n.0 59.5 1 5 0 .0 | !!J
| --;--x |
.7 t.2 ,.zi Pr onot ion of Pr oduc t ion 2tcb 55.7 - .0 | 3t . 9
t3r+
|
.B
|
3 e.l e.4{ ., . Elec t r ic dI M dc hine r y 54.9 13. I s4.s I 13.I
.1 | t77.1 42,fr. llac hiner y ez . Elec t r ic al ... 22.2 5.3 22.2 | 5. 3
.1 53.2 fi.74 Bas ic Tez t iles 17.2 4.' ,l
| 17.2 | 4. 1 |
.1 | 2 0.0 4 . s1 PulP, . Papc r , l& Paper Pr o d u c t s 8.5 2.0 8.5 | 2.0
2.61 , Chet ic ols , er . Fer t ili z e r . . I
.3 | 1 1.4 7.5 1.8 7.s I 1. 8 |
.8 | 1 4.7 3.d D.i-art ltatal a
1.0 4.4 1. 0
, St one, , Cloy , i& G lc s s Pr o d u c t s . | |
.2 | -0.4 - 0.1€ 1.8 0.4 1.8 0. 4 |
.0 2 .6 , . Food Pr oduc t s , M f e. . |

l,$
[ 1.6 0.4 1.6 0. 4
.8 3 3.1 ' , Rubber & Rubber Pr od. uct s | |
I 0.3 0.1 0.3 0. 1 |
.3 4 .6 : ' M is c i llaneops M anuf ac t u r c s . . . |
| 18.6 4.4 18.6 4. 4
.2 -5.2 ' . Q onnuni c at ion Fac iI i t ie s | |
| 10.0 2.4 10.0 2. 4 |
.2 0 .7 : . ' Vat er Sy s f et s |
| 8.0 7.9 8.0 1.9
.7 4 2.4 :,'Rci ! rocds
6.0 1.4
| I
| . t er c hont 6.0 | 1. 4 |
.4 r6 0.e & f is hing Flee t 1.6
| . loans t o Cot aer c e & f nd i s t r y ,
0.4 1-6 | 0.4 I
.6 | 67.s N.E.C.i. . 71.4 17 .0
.8 41.5 U n d i s .tr i b u t e d . . 71,4 | 17. 0 |
| | -- -100.0 |
.e | 3e.8 0 t r P u rp o s e s | - 23. 8
.8 | 22.s 3.8 16.0 I 3. E
r. Ifo u s i n g ....... I l 4J 3.5 14.s
.7 | -2 1.3 ' Publia
Bnilr linto | . I J. 5
.6 10.5 ' 0.3 1.1 I 0. 3
I upport of Berl in Government
... |3 5 . 0 32.1 I
.2 6. 6 dvancesfor Export StimuldtionU . ,l
|
.8 t37. I lour Shipmentsto yugoslavia . -62.0 | - l'+.8
| 33.3 7.9 0.6 | 0.1
erlin Coal Stockpile9/..
.$ | t77.2 3t.0 7.+ r3 . 0 | 3.I
:l I
h-lanceon Hand!/ 330.{t 78.6 -l 1 3 . 9 | '27;2
.r I 1 7 r. 8 ludes <rrurlrr,erpiitrrrsycrred.
.6 t.5 froa p.L. 472 rrccc
tmt, as uell .as &posits ogadnst rc.leasct fron
| td otlwr reserues ard ECA
finolced GARIOAda Ilar procwerc nt.
.4 | 4.0 to GCRIO{ @cormt in Februdr! 1952.
.4 | 0.6
i.T: bc ripaid lo CntOe ccco,mt as coal is sold.
- | -o.7
$!Lg!4!!gq1s hcs priori tlt on use of this bal.,",ce.
I
.l | -0.2
tnditiondl aid prior to Der
,Wrtcrs for goods shipped,

-l
 .i'r:
,:a
-nl -
'000'09$ wW $sl'I/d
. g.6 2 tJ e l{r o p@ :t '0 , say o s
lo s paac otd r S 'I'd :A'I 's w ol ) VM gl 'f a {o T um todat :8'8 's w ol Z l l '7'd t o 1 u a '(o d a t
,ror11rt sourlcotp uoll'l'lgrgrt ?ut1o7o7 sualr 8utno\1ol ?\t ?pn7zul lou.saoIF-
,"- lor1"a" atll u7 pa|tsodep 0'tgot lue'palnba)
€' lr- .0' 89 2 - uol l anPoJ d ]o u o l l o u ro J d
:uAerpq+!ilaq 01
L"/t o9 t' Le
| '.0 z' l 8'0 a 'e I s a6e1:e3 +a! l oU +o uo11 e 1 : o d s u e : 1
.- ' o--'" t't
.'" 's bu1p1!ng o!lqnd
8't
t'0 8' 0 8'9 8 'E 8 s a3!AJ as l e!eos s noa u Pl l e c s l n
6 'tl L'L t '90t uo !l El i l ues p u s l . l l l Pa H
9' eE 9'09 6'r8l
':(qt l'0 6'16 9'tta'I
z' 6 0 'n 8 l 8'88 | 8. S et t Tt
.A0A,099tbttt
1 r !ol l c nr l s uoc r uol l c nPo rd I J Bl l i l l i
8' l t' I E=E- s'Tr'T tal r gl pn ?
@ o 'tE- 6 't
+x j p U e qt J P e sa U 1 e :n 1 1 nc; . 16y 6' 0- 0 '0 0 u r f:1s npu I puP af,'l auuoS o 1 s u Po -l
.' .' .
| 'o- 3'3'11
' uo|+rnpof; JE--I!-TIiC ( ' Lt L'6 U L :I ' a3uPl S!Ss V I P3 ! u t l ? e l
:sler{PrPq}!l{ }o aso
1c a1g fl utr qtr g Puo l t Pq rr. t
. ( s) tl ' , , 8271!17tot uol l or Tu n rro ?
Z'' 6't6
" leAeJPq+lt{JoJt Pa^oJddY
lr 9 ',O- t 't t - t Eb
9tl - | 't ,
vl3ut 18 S0Nnll0 3sn T 't o r '"''' sJoqJDg Puo s,(oatal og
t' 0' I 'r. 8'8
8'6 l 't r T s"1l?l r toJ Janod PUD 'soJ 'a?Jl Ja71
"" J o+ acus t' tql
Puelar
. '' 's'n | 6 A6 0', I 9 't 8 l
JoJ PaA JO seS ' 8' T 0'9c s atpttg toaq8tl l PU D s PD o U
,t 0
a0 +o slualP^1nb3 le1lo0 pel ' y6 g .' 87, I 6't9 t' Lra
""' + unoscY lslcods ul sl l 'uo 1l ec g unuuoJ 'uo ! l g l l o d s u Pl l
6 'tc- s a tnlcolnuoltl reqlo PUD f, raulUJot1
l' 0-
8 't- '.j 22 t7r 1 tagi tdor r z ' c7 i 5 a r. q J ;
zli-tlY]-Ct lSnd t' 0- 8 '0 T:I 9'87
0' 6 T 'trt oa t'09 tut tnl c ol nuol Y's , z nPo J d Po o t r
0'61 ,'8l t """ s l D l el l f , t o t t t 4
t' 6trt
8' ,L4l o' Ll o'LqZ
t' ot L't 8',ZL
s tottot4 T otnl T nc ttBY tal1g
odi 9'6 8' 66t
,( q) bU 0'8r ,
saJl4JaS' UOr AUeltx PU D qcJoes ea
9 '0 8' 8 o6 z' 89
9 '0 0 't 0', ,' 09
6'r I '6 6 U! v'9 t
| ! cPl J am od | ' s P 9 ' J l J +3 a lf uol l otD l caa puD T
OJ
,t' 16 t' 66 t' 68t
" ' ' ^ - " lJc.
lJtol J
.''. . . d6llSililf,-li--iil1u,", I' t I t' 8l l t'aE 9'ttL
tr'T9z'z uol l r npoJ d lo uo!louoJd
T'os 6' 99tt 8.z9 |
:sl ?A PJp q l!i l l o a so d :s IPAPJ Pt I ] ! f J . o a s o d l n d
""" sl e '{ s/ P q
.' 9'6tl 0'8nz l 't98 : | 88'ir
le^rPrpqltfi roj Pa^oJddv-le E 'Z e 0'98t1 t ' t98 : l g 8't l l ei l er pql ! r { r o} P e^o.l ddv l el ol
.l3CIls
soilnlro tsn 3Cl3U0ls soilnl J0 3sn
' ' ' Puelac I Jo1-acwas Lt 0lz z' 091' e '9 1 9'l I
/6L'909 .. .s.n ro ] P e^r aseu
" ' S'n J o+ P a^ J e o opU t 'i l n' 99I I 'Otl
'/ r 0l '9 09 rg
0 +o sl ua te ^l n b3 .r e1 l o0 P e ls n g't zz z 'L n g sl l sodao, o sl uel B^ ! nbf r el l o0 pel s n[pY
z-----.- ....
"" l un oa 3Y l Pl co ds u! sl l6 o 8' rzz$ 9'gz t' 8 8 'e 6 8 $ ,:;;;i;, l unoc. Y 1?! ca ds u! s l !s odoo
I srYrlo 0 1i vrucvuo ( sa Ytfo c
JO S NOtftlW) ro sNotrtrs) JO SN Ottr r n ) ro txorllr q)
l lN3-IvA rml 8vf 'toc I LSNluunS fvSo-l sl|t3'tv^ In0l tvrro0 AtrNfSUnJ -V30'l zzt l{v] cl'l8nd
z/trTvtTTmd
7q6r '0s l N nf
a s6r 'o E rNn r ' l 96l 't A ln c 8t6l 'S - l l udv '3Al Lv - l nhr D
z96l ' 08 l N n c
x33u9lo snlvls
s0NnrluvdusrNnoc
 ST A TU SOF IC E LA N D l C
C OU N TE R P AFU
R TN D S
,JU N30.
E t952
C U MU LATIVE A. P R IL 3, I948 JU LY t. l 9 5t -
JU LY l. l95l - JU N E 30 , l 95 e
JU N E 30. r9s2 JU N E 30. t952

OCAL CURRENC/ DOLLAR

EQIJI VALENTS

{stLLtoxs oF ( M lLLlO ilS Of (trLLlors oF ([rLLtors oF (MtLLtois oF (MtrLrors or

onACHMAS) ooLLARS i xRoiua' ooLLARS)
, xRoiui) mLLARS)

3.326.6 $2 2| .8 It s in Spec ial Ac c ount

-.;;;:; 2 2t.8 Dollar Equiv alent s of Depo s i t s
309.0 $20.rt 127.7 $7.s
ll.l 19.0. 7. 9
, Reservedfor U.S. t5.{ 1.0 6.3 0. 5
3, I 6 0 . 2 21 0:7 lutce lor lceland 293.6 | 8.0 l 2l . 7. 4
'+
USEOFFUNDS
BY ICELAND
4 8 50. 32.3
7r+3.0 rtg.6 I Ap p ro v efo
d r Wi th d ra w a....
l 95.0 5.8 80.0 r +. 9
95.0 5.8 80.0 4. 9
r i66, 9 3 0.9 of lf it hdr awals :
| 1.7 lo n o f Pr o d u ctlo n .. 95.0 5.8 80. 0
178.I 9
e r tllize r 20.0 1r ' 1.
-i-;
91. 4 R9 6.0.
29. 7 1.9 E le clr lc, Ga s, & Po we r F a ci I itie s ...,..... 75.O 4.6 60. 0
.7, 0 0.5
8. 8 0.6
2. 3 (b)' STATUS
OF IR IS H C OU N TE R P AFU
R TN D S
3 8. '9 2.5
, ,JUl{E
30, 1952
40. 4
1 21. 8 R5
14 2. 3 9.6 C U MU LAT-IV EA,P R IL 3, 1948 JU LY I. I9 5I
34. 1 qn JU N E 30. 1952 JU N E 30, t9 52
0.8 -0.1
-1.8
PUBLICLAI{ IT72
-0.1
'l (TxousNos oF (rtfLtoxs oF
-23. 9 -1
PourDsl
( TH OU SAN OS OF (MlLLtors oF
DOLLARS) POU {D S ) DoLLAfis )

its in Spec ial Ac c ount 6,+ 92.2 $le . z q , 0 0 9 .9

t2 8, t 8.'4 -
Dollar Equiv alent s of Depos i t s $ rt . 2
0 i4 . 18.2 | 1.2
2 8.2 1,8 Reservedfor U.S. 0.9 200.5 0.6
107. 1 7.1 an c ef or lr eland t7.3 3,809. 10.6
. 4.6 -0 .3
'l
(b)
USEOF FUNDS
BY IRELAIID
- 11 . 3 -0:8 Approvedfor lYithdrawal . . . . (")
" 0.2 t3.8 (")
-0 . 2 (b) (d) t3.8 (a )
of l{ it hdr awals :
41. 2 o n o tlo n o f p r o d u ctlo n
t3.8
- 0. 9 .-o. I A g ricu ltu r a l Re se a r ch a n d Exte n sion S ervi cj s
6.3-
- 54 . 0 -3.1 l e c hn ica l Assista n ce
L 4r . E 9.5
.thoi'..$fr:,N|.
l3rt . 3, 9.?
0.1 (ir'
5 8.6
i l .9
0. 8 0. I

27. O 1.7
1. 2 0.1
14. 7 t<

-2 s8 . 0 -17.3

n) deposited. in the special

a l es, 0 . 3 ; u d o t h e r, 29 ,3 ,

- t5 -
 -91
tco. slml/E 'oaiaroPttl sapnl
ue ql l P a H :3e
l l €uo3 ' uo ll c nP ord {r B } I I l!
"" ac uel sl s sv l Ec l uq3al
l J nl f ,P l nuet\ sn oauE| | e 3s Ifl
.. s
l P + ar{ f JP ut l Jd
,J 60r d l €J n+ l nal J6V Jaq lo
) s uo ls ual x S pue q9J P ase u
+! p 3 J3 u l Js l
'" u ol ls nP ord ]o u o l lo t ro " td
I ttl
"' pal nql r l sl p{ 4l l
]al l eu Jo uo11e1 rods ue.l l
" ' tr o!+ "+ l uP s pu!3 ql l eaH :
"' u,s l l notl
' :. ... .. . 6u1s nog
" .' ; eroi / ed rr { 10
ffi
" ' . atu" l s! ss Y l ?3l uqr el
a6p1-:g {emq61fi pue spBo!
s € ! 1! I ! cP l uo! 1e3 !u n!, 8ro3
" s./oqiPH pu9 sr("il1al3il
rnlrejnuell snoeue I larqltl
" s l el eFl f )eu ud'
.r6o .131e-r n11nc !J 6V J ert l 0
' fJ+seJa)
s u ols ual x f pu e qrj c 9s au
uo! +eu Pl 3e u pu"' l
" uol l cnpo r4 1 o uol l otoJ d
" ' lue uer I l c u l qt0
:s ler.rPr
pr{}rr{ .1o
" slsA?JPtll
sf,rBrPrll!A,roj Pa^oJddY
is soxnjio $n
" sPlElroq+ail ro} geuelPg
. . . .; .S.n-io1 painseAIl
8+uo te^! nbl
Jello0
+uno ccv
t Plc odsu! s+ !
TVTTNME
i
LAR
'LENT5

[0. 8
t0 .3
5 t. 3
5 9 .0

r0 . 8
t7. 5

18.
, o A' t
? 6 .6
t'.)
q?

27 . 3

t4. t
t0. 7
,< 1

' .2.I
9. 4

1.3
1.0
i l. I

19. I
)/. o
18. 9
b. I
9. 5
6. 4
5,6
6n

-t7-
 -8t -
dE ,lt frrI Fzfl.7c! lllati tp64r,
uo!} P1 !uPS puP qllBe H (uot711u G' 6 ol llrzloftnihe) tqrcs t uorTl!! t '9 s 2pn|'ul ft
.s rasodeplo %g! o ssart? ua asn 'S'n to! pattclstmtt
sa a O nl a u .J o a J p O
. . ' 8 0 80 o J n d , e ql 0
r0 l l su o J ' uo l l en P o J d l Jr l l t ll l
rn p ut pu P a sJ a u uo g o1 su B o ' l
rJ J a ro d p ue ' s e9 ' o1 r1 c a 13
s a 6 pl r g ,f e a q6 ! H p ue sp e bg
sa J n l3 9 j nU P r i S n O 9U PI I ec s ly l
" s al l l xa l cl s B g
griulltt r?\tO
2utu11y ToeS
s a! J l sn p u l € ^ l +r € Jl x 3
tJtord lorntlnoalflV r"qto
' " "'." u ol l D ro l z ?u P u o T
rs ' u o 25 u ?t rf l P u e \ rJ o? s 2 a
" " "r | P . J 0 a lo l
. . . .' . a i nt l n e lJ O V
uo l l rn P o Jd ,o
+ o oE odrnd
:s l eA sJ P q+ 1ff
I lEAErPqllI
tPABrPqt!t Jo+ Pe^orddY lElol
I 18 soilnl J0 lsn
I a4j n1 :o1 ooue lE g
. -g' n ro,
". ... ' PaA J sr out9
l o sl ual E ^l nb3 rB l l o0 p el sn fPv
..
l uno cc v l et ced s ul 8l l 6o de 0
mTTTlsR;
.r17 uolllar 061 2pttltu'1 til s?o(lE
. . .. . rr -a od J n d Je q l 0
. r .r u ol l c nP oJ d J o u o l l or o Jd
..'.. uE-itqTin-qrsr
lo u o | +E l J o ds u E J I
: 8e 3 O6 J n d /a { }0
" " s J oq rP H p uE s f P ru e ]B l i
l ee l l 6. u t qs l J pu B l ue q Jf e n
s 6J n 1 3B l n u "n s n oe u s | | e 3 s l l l
z I | | l J e J l d ac x a ' s 1c c 1u eq g
, (r au l q tP n
s el l xx e f c l s P g
!J n13PJ' nuPll ' s l 3 n po J d p oo l
"" ' 6ut &r 6ut u
u o ll t n po f d A ro u ol l o ro Jd
:8 l s f. r B J P ql l t +o gs o d Jnd
c lB^r?rPqllt
lBr{erPqllA Jo} pa^oiddv lE}oI
ul A8s0ltnJJ0 3sn
';""" el s o!Jl Jo j a i u Pi BC
"""' 'S'n ro + pa ^ Je 6o/9 u
fo slualB^!nbl rel lo0 PolsnrPv
" lunoccylelcedsut 6ll6od90
I' tyT-5nsnJ
 STATUSOF TRTESTE
COUI{TERPART
FUTIDS
,rullE30, t 952
C U T T J LAT IVE,APR T L 3. I9]t8 JU LY r, reSt .
J U N E 30, 1952', JU N E30, 1952
JU LY t , l95l - J I . , N E3 0 , I LOCI! MLLAR
LAWrt72
PUBLTC OJiREt{d
Eql I VAETITS LOCAL CURR€I{CY OOLLAR

( tl ttto i s of ( r l !L to i s oa ( tt L L I o r so F
tl .n E) o o tL ^ i s) Lri€) DOtLAiS)

(M rLLtoxs oF (MrLLroxs De p o 3 lts In Sp e cla l Acco u n t

(RO(ER), ooLLARSI
Ad ju ste d Do lla r Eq u lva le n ts of Oeposl ts
5/ Raserved for U.S.
']-:!Y
l,ola
f36. I
35.6
t.6.
1!lr
lE3
$s.I
5 .8
0 .3 .
226.0 $?l . 6 q a lq n - cefo r fr ie ste ?!1!_r.r. 20,703 33.8 3,{m 5 .5
31. 6 USEOF FUI{DSBY TRIESTE
n.2 _ 1. 6
2l q.8 30. 0 Total Approved for lllthdranal I I, E26 32.3 3,788 5.9
ll+h,lrrurlq - I 9,095 31.2 3,222 5. I
Pu r p o soo f Iith d r a wa l s:
t'u:3 | 00. 2 Pr o r o tlo n o f Pr o d u ctlo n | 9, 083 3r.2
- 3,221 5. I
-Mftil-ng-;n?-O yi- n9
F o o d Pr o d u cts, M a n u fa ctu ri ng .
. i9 .18 t9 (tl
500 0,5
n2
f4l "t6 0. 1
Chem lcals, except Fer tl llzer .... .46 ( b)
:: M lscal laneous M anufactur es ...,.. t50 ,.:'
(b )
-26
M er chant and Fishing Fleet...... t8,217 8.9 4.8
7 t6 .0 | 00. 2 W ater uays and Har bor s I ( b) c (b )
656. 0 I | .8
0thar Pur Dosc!:
60 . 0 8. {. Tr anspor tation of Rel lef l2 ( b)
P ac k ag€s I (b )
41. 0 5.7
38 . 0 5.J To b-e Hiihdrann 731 t.l 566 0 .8
0.4 Ptototlon of Pr oductlon 690 T.0 ni
. 3. 0. othar Pr r Dor ;r {l o-L 4l 0. I
r9. 0 2,1 -75
l/}ce rct includ,c 790 fillion lire balacc trmsferred frct P.L..84. ALcsc thq tsO,O@.

STATUSOF TUR,KISH FUNDS

COUIITERPART
30, t952
,JUllE
C IJ IItJ LAT IVE.APR IL 3, I948 J U LY I, I95I
J U N E 30. 1952 J U N E 30, 195 2
DOLLAN
PUBLIC
LAU$72
LOCAI. OJRRET{CY
EqJ I VALEI{TS toctr qrnnercv| ,*o,Xt^i|.[*
t{r ttto i t oF {xr L L to xs oF (rrL!lots oF | {rtrrtors or
L I R A!} EtL Aa 3 ) ltR^s) | ooll^nsl

(nol
llannallc ln rl
$l3[. '+ $62.e
(rt L L t o i l 5 o F
Escuoost
{Ht L!rotrs.
. DOLLIRS'
of Deporits
AdjustedDollar Equlvalen.ts 11!:1 t3+.r+ l1!:1 6 2 .9
5[ Roservedfor t.S. |6.7 6.0 2 .+
8 6.2 Balancefor Turkey 359.6 128. | 69.r+ ou. f,
'+
9.5 USEOFFUI{DS BYTURKEY
7 6.6 Total Approvedfor t{ithdrawal 359.6 t28.$ 263.rl 9r+.2
Il thdrrurl o 359.6 t28.rt 2:63:r+ sr+.2
Purposeo f l{ ith d r a wa ls:
85-0 tlo n of Pr oduct I | 59.6 57 .0 63.q 22,8
t2 7.0 42,7 16- ?6.4 9 .4
19. 3 t.s 1.4
Rcseor ch dnd Er tcnsion Sar ui c c 12. 1 11. 8 4.2

ry10. 0
Lqnd Rcclanation , ,,. ,
O.thcr Agr icultur al Pr ogr a ns ..
9.'0 3'.2
0.8
9.0
1.6
3.2
0.6
Extr actlve lndustr ies 4t. I t4.7 I t.7 4.t
17. 0 35.1- 12.5 10'. 3
lo. 0 Oth.r llining ud Quarrying 6.Q 2.2 0:.6
4.7 t.7 4.7 t.1
aa A
M i' sc6 I I aneous M anufactur es t7.1 p_1 t.8
68. 0 . Roads and H i ghw4y 8r i dges 1t .o t5.2
Electr ic, Gas, and Power Fac i l i ti es ....... t.1 u.o 0.9 o,
68. 0 Loans to Com m er ce and Indu s tr y , N . E.C . .., . 5.3 | 4,J
14.7
l{ l I ltar t pr oductlon, !onstr uctl ,o&or d l {eti r l ot E!.=!g/ oo. +9/ | 69.0 60.rt
-+2. 0 31.0 i l .0
3t.0 i l .0
10,o To.7 ,dd to.1
xccss of 5%of dcPosits. Heaith and Sanitation ' t.0 0.3 t.0 o.t
i/Mt utvtlt rclcued fu tb speciai *"-lt. * pet of *q1;lad rrqrt oi t96 rittiG
)ts tA to
-04-
qflnorq' elqolroao ePor sPun! ccPnTtul
tl' ro! v}fl/vsfl /i
. . . "' uo! l E l l u?s pue ql l €aH : 8a8odrnd reql 0
9'0e t '0 9'08
"@
0' 06TT 6 'e O;0-6TT uo l l cr l PoJd l M|
^l 8l
' e3u?l sl ssv l E c l uqtal
0' oz
0 '5 1 t '0 0'61 "" soc! ^ . l as uol sus+ X : l puE l 'ls J E as au
o' E . l' 0 u@
0.iz Fo 0'l tt
"' uA'P.tpttlraq-ol
s't'6ZT S'tI { f f iI
"' ler{Plprlllrl Jo+ Pe^orddv lelol
9't6z'I 8'tl 9 'f i 6 2 ' I ' raa-
8'8 tZ'|| t'/t 8'8tz'||
'z 9' t6 9 0 'z 9' 169
'6t t' 6t
' 8l$ e ' 0 r 8 '|| 9'E /$ 8' ot8'I I
(EUVX ls (s u vr r oo ISU Yf,I O
:li :: '
sx0 tfrli) JO S f,Otlfttl l o s xol r r l fr l r o l r otr r l t)
::ii
z g 6 l '0 e 3N n r ?ll'f'o'n^n'
l s 6l 'r A 'l nf ,ou,Yiul,,3i
z96l 'oe ltlof
l0 sruvrs
AVlSo9nA
s0NnJruvdu3lNnoc
'000'09$u,'lt ss.1/E
sotflotd o [o 7md sD llmolJo asuadsas o ol pattalsnl11A
'sctodtrd fto|t|tr ,to[ .rrltglyt OiGS lo Tu,/llnlttbt a1t flt44Jouna
;...... 'Pal nql Jls l pun
9',t l6 E' l 9 't " sabe> 1ce6, Lal l aU Jo uo- l l l + . to9!::l 1--
(s) 6- 6' l sasodJ nd J otl l 0
"
E- lr 7BT'I lr ' 9
rre11111
lo(R f itt l t96 T9 |
9n
ttfA
8 '0

. l el l t l eH
- l l cnPo'r d

?'uo | + cnJl su(

' s l "! Ja+ en '{ c ue1c 11eq
' acuP l S l ssv l E c l uqs aI
l' 0
8' 0 oLz z'l " 'oJn+ l n c l rov
t'0 z'o
0'l 8Z e z'z
0' 89 o 0 9 'z z r,'90t,'I
''@;; l;":$:,,
IJ ;;;"iliil;'
s leAerpq+!il
0' 9t I t zn 'l r I' Z}L' I "' letrBJpt{}lt ro:t Po^orddy 1e1o1
0 '9tl trztr'I t g'7 9L' I
l0 lsn
carlttnA8S0NnJ
lroogxDt
" " u o P b u !)l '
P atl un r o1|acuP lBg
6 '92| t te' 9i 6 'oo8'I I sgs'zgs " ' ' s' n rol pe^' l asau %9
r '9 Lgg' z 0' 66- ' I oog' ez s+ !so d o ol o sl u a l E ^!nb3' re11osl ?}: i {P v
9' t8l 6' 068' | | " -1:-:: ..:;....' ..' l u n o ccYl E l cad gu! s1! so0a0
e.e8t$ IEL, Lh o ' ie 6 ' it | ill' z s s
'
( suv r r oo (soxno d
sxo | 1 t tn ) ro so Nsn oHr) ,.(iilllll^,' 1,"''"''l'1'Loo'""
z/n A V l C l l gnd
srN3lVA I n03
8Y1100
e g6 r ' 0e S Nn r lllf'o''n*'
t 9 6l '1 A' ln l ,,u,1!ul,,3i
z96t 'o€ 3Nnr'
03llNn J0 snlvts
s0Nnl ruvdu3lNno,N009Nl)
tw';-ltY