STEPS TO KILL BILL DECISIVELY REJECTED

Chronicle (Levin), 15 July 1946, Page 7

STEPS TO KILL BILL DECISIVELY REJECTED

Prkss Assn.-Copyright

By Telegraph

Received Sunday, 8.5 p.m. WASH1NGTON, July 13, ^ The House of Kepresciitatives by 219 to 155 votes, passed the . British Loan Bill >vhieh njbw goes. to AVhite House for signatiire. The House decisively rejecfed a s'eries of amendments designed to kill the Bill or modit'y its terms; . • : The first big test-came when Mr. Celler .(Democrat), New York, moved that everything after the i'ormal enactment elause be struck out, whicli Would iu eft'ect liave' killed the loan. The amendiiie.iit was lost by 180 to 19. Other amendments defeated were : — Firstly, a reduetion oi; the loan to 1,250,000,000 dollars. Seeondly, Britain should provide " merchantable " eollateral for the loan like oil. resources, wool, goldmines, iiisufanee ' companies. : • Thirdly, Britain, after receiving the first 1,000,000,000 dollars, should get no niore unless at the end of the year she adtised the United States she had ended "all discriminatory trade ^practices."Fourthly, no payments should be made unless Britain handed over to America for the duration of the loan, such of her Atlantic,; and Paeifie areas as the President deemed useful to United States - defenees. •. ; / •; . •' Fifthly, Britain should sell to America for 1,000,000 dollars, ■: Atlantie. bases 110 w leased by the United States. Sixthly, Britain should not draw on the loan until the United States balanced her bndget. _ Sixty-one Republicans joiaed 157 Democrats and one ininor pai'tv member, voting for the ratifieation of the Bill, while .32 Democrats, 122 Republicans and one minor party member opposed it. Lord Inverchapel, "in wcleoming the passage of the loan said : "The resources of my country were greatly strained by.war and we neod time to reeover our economic strengtli. Wc are now. given that. The agreement will enable us to take our place beside the United States in restoring world trade and prove to the world that the two greatest trading natioiis are determiiied to aecept responsibility for rebuilding world trade and prosperity. to still . higlier levels. " , , Couimeiiting in Londoti on Congressional approval of the loan, i Mr. Dalton said: "It doesn't mean we can relax our offorts but the loan will liasten the time when we ean onee more plav a.full part in expanding internatioiial trade. Britain and America- have ! a common interest in reviving trade thronghout thc world.'"