U.S. LOAN TO POLAND

Press, Volume LXXXII, Issue 24909, 24 June 1946, Page 5

U.S. LOAN TO POLAND

Possible Lifting Of Ban RUSSIAN AID DISCUSSED (N.Z. Press Association—Copyright) (Rec. 9.30 p.m.) _ WASHINGTON, June 22. The United States is considering lifting the ban on the loan of 90,000.000 dollars to Poland, said the United States Acting-Secretary of State (Mr Dean Acheson). His statement followed the announcement by the Polish Ambassador in the United States (Mr Lange) that the Polish Government was not very interested in the American loan at present. , Mr Acheson said that he discussed lifting the ban with Mr Lange several times. The stumbling block was the question of whether Poland had disclosed to America all the details of its trade agreements with other nations. Mr Lange has not told Mr Acheson that Poland no longer needed the loan because she has obtained a Russian credit. An earlier message said that Mr Lange told the press that Poland was not interested at present in an American loan because she had received a very large credit from Russia, which was considerably greater than the 90.000,000-dollar loan the United States arranged, but subsequently cancelled when Poland failed to carry out its terms, including publication of the text of the credit agreement ifi the Polish press, and imposed a censorship on foreign press dispatches. Poland also failed to furnish adequate information to the United States regarding. her trade agreements with Russia and other countries. Mr Lange said the Russian credit to Poland provided for the cancellation of debts incurred by the Polish Army during the war. additional credits for Poland’s peace-time army, the restoration of gold reserves, ahd open credit for use in the world market for materials for rehabilitation.