Granting of $100,000,000 Loan to Israel Under Consideration, Secretary Marshall Says

The matter of extending a $100,000,000 Export-Import Bank loan to Israel is under very exhaustive consideration by the U.S. Government, Secretary of State George C. Marshall said today. Asked at a press conference what the State Department’s attitude is toward granting the loan, Secretary Marshall said the Department is considering the point of view brought forward by the directors of the Export-Import Bank.

He pointed out that Israel is not the only country now seeking a loan from the Bank. Several applications are now before the Bank, he said, and all, including Israel, will have to meet the same conditions to qualify for the loan.

A spokesman for the Export-Import Bank declined to state what the “point of view” of the Bank’s board of directors is with regard to a possible loan to Israel. He said merely that an application, in the form of a letter giving details of proposed uses for the loan, had been received by the Bank but “has not been acted upon.”

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