Purchasing and Financial Mission to the United States said that through the Universal Trading Corporation China will continue to export to America tuns oil, tin and other materials required by American industry. Repayment of the American loan will be made through these exports.
The Universal Trading Corporation also will handle Chinese purchases in the United States made possible by the new $20,000,000 toin.
The new loan was made possible by Congressional appropriation 0? $100,- 000,000 for Export-Import Bank loans. Congress also revised the former foreign loan law which limited loans to any single Government to $36,000,000, Informed quarters here reported that China is seeking eventual additional loans from the United States aggregating at least $55,000,000 which would bring total American wartime loans to China to $100,000,000.—United Press.
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