McAllen daily press

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In exchange for defense materials

t5 be made available to Brazil vn

der the provisions of the agree

ment, the Unmred States will re

'ceive Brazilian raw materials es

ential to the defense industry,

ut the precise products and their

uality will be stipulated later.

Lease-Lend arrangements have

een made ‘with the Dominican

epublic, MHaiti, Paraguay and

Jruguay, and it wag indicated that

similar agreements with virtually

all of the other Latin American

republics are being negotiated.

Last year a congressional au

thorization was voted enabling the

xport-Import Bank to lend up to

500,000000 to Latin American

ations. This congresslonal action

ket a definite limit upon the

smount of cash or credits that the

ank is empowered to advance.

Disbursements Not Fixed

The aid under Lease-Lend pro

visions is limited only by the glob

1l amount of funds made avail

ible by Congriss to the executive

ranch of the government, and it

miay be apportioned as the Presi

ent deems fitting and necessary.

'As the Latin American countries

inder the most favorable and

yrosperous conditions, are not

eared eccnomically to build and

mointain heavy armament, it

vould appear reasonable 1o assume

hat the United States has accept

'd the obligation of arming its

heighbors.

The layout of cash or its equiv

lent in military or naval material.

supplies to be used for military

urposes, apparently is being un

ertaken by the United States in

vi¢w of the constant stress laid by

merican officialdom on the need

or concrete continent-wide co

hperation in hemispheric defense

How to cite this articleCómo citar este artículo

McAllen daily press. (1941). McAllen, Tex., 1941-10-12. Haiti in the American Press. Library of Congress, Chronicling America: https://www.loc.gov/resource/sn86089716/1941-10-12/ed-1/?sp=7

ReferencesReferencias

Library of Congress, Chronicling America: McAllen daily press, 1941-10-12.