Professional Documents
Culture Documents
1952 6 31 Counterpart
1952 6 31 Counterpart
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PREFACE
i s l o ti u e ,8 o si s Counterpart funds were
the Economic Cooperation Aq
is provided by the Economic Cooperation
tion of internal monetary and
of 1948,.asarnended,and the Mutual Security
lization, for the stimulation
JUi {E t 9 5 2 t of 1951, as amended, bilateral agreements
activities, and for other pu
v e b e e n e n te re d i .n to b e tw een the U ni ted
-Europeancountries. with the Economic Cooperation
IOLLAR tes and participating
country amended. Ihe Mutual Secur
h recipient has assumedan obJ.iga-
expanded the uses of counterp
to d.eposit in a Special Account amounts
that the equivalent of not
its local currency commensuia_te
ii[i, tr,"
milliou-be used for mllltary
RATE Lar grant aid received. Theselocal cur-
struction, equipnent, and mat
ies are called counterpart funds.
.TlreMutual SecUrity Act
June 20, 19b2, requires that,
2 1.36 MSAnotifies each participating country wise specifically authorized
th e a mo u n t o f g ra n t e x p endi tures for i ts part 'funds may be used only
5O e fi t. T h e p a rti c i p a ti n g country then carry out the purposes for
its in its counterpart funds account an
6.907 authorized by the Act woul
,)\ t of local currency commensurate with the
available -- that is, primari
350. O lar grant aid furni.shed. Grant assistance
assistance and defense suppor
l u d e s , i n a d d i ti o n to d i rect grants from
c.z (and its predecessor ECA), certain credits The Act also provides th
l i z e d u n d e r th e E u ro p e a n payments U ni on part derived from
tr5,0Otl 9100 miltion
16.285"1
*i drawing rights exercised under the previous
ra- EuropeanPayment s and Cornp ensation Agree-
be used to stimulate free ent
expansion of the econonies of th
ts. countries with equitable shari
11. 4& flts of increased production a
For aid furnished participating countries
^/ between consuners, workers and
$2.80*/ a l o a n b a s i s , th e o b l i g a ti on to repay i n
J .a rs re p l a c e s th e re q u i r ement of l ocaL Use by the (Jnited Stctes
625
re n c y d e p o s i ts . S i mi l a rl y, no deposi ts
s -& required for conditional aid, l/ since the Counterpart reserved for u
try re c e i v i n g s u c h a i d i n turn extended States i.s placed i.n a separate
7.143 control of U . S . di sbursi ng of
i s ta n c e to o th e r p a rti c i p ati ng countri es
o u g h th e E u ro p e a n p a y m e nts U ni on or the funds may be used to defray
?8.75
re-European payments-plan. costs payabl e i n l ocal curren
GZ5 S ecuri ty P rogram admi ni strati v
Counterpart funds are divided into two certain technical assistance ope
2 .8
ti o n s : information program activities,
^/ n o t l e s s th a n 5 percent.?/ i s re-
$ 2.80' / ved for use by the United States, and the chase ofstrategic materials or t
i n g 9 5 p e rc e n t i s a v a i labl e for use of their production. Fundsnot
by r
300.0 for the above are turned ove
;.d_epositing country.
Treasury to be made available t
p o s i ti n g C o u n tri e s States Ciovernnent agencies.
U N ITSOF LOC A LC U R R E N C
PYE RU .S , D OL
U I {I T O F C U R R E X C Y
A u s tri a sehi I I i ng
Bel gi um frane
D e n m a rk krone
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fn d e n e s i a rupi ah
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U NITEDS T A T E SPORTI ON CUMU
LATI VE
ACCOUNTS
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,\ ST AT USOF U .S. I(5') P OR TIONOF E U R OPE A C N OU N TER P A RFU
T NDS
3$*r UNDERT HE FOR EIGNA S S ISTA N C EAC T OF I9!I8 - P U B LIC LAl {
472, AS AMEN D E D
AS 0F JUI|E30, t952
dol I ars) ^d
ls'
(Doll.r cqulvalcnts of thc locd ermclr in thou!!ndr of dol tarr)
I UsE
P I€N]
ilE S
f { 7T,5't2 t-- tl!:!-t2 130f,06? 15l ,3 t7 $t68,ts 9 12,092 162' '199
,JUlrr30, t952
wl Ifr.LUXENORG
32, t t8 32,I t8 6,621 1,44 I, l 5l 4,000 t4,o22 I 5,073
r4 . 8 f597.5 s 9 ,S 5 2 . 3 I .451 824 t5
il, 342 84 | ..
11,342 4. 568 990 2,662 82
..nio ' 834 t,79r | --
il2. 1 77 e ,F . | 16,795 et,7st!/ n,653 3l , 093 1,276
t 4 .o 24,O ?r,3 {FEDEnALREfuBLtc)r......,.... 60,749
/D,5t5
-?'Tl 58, t58 38,69t n,851 7 7,9n
B,s?f:/
2,o1s
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998
3.3t I
J .6 :: 2 r3.6 :4,'
o.515 6,810 16,791 | 2,059
5. tl 08.9 2,704.3 ":li 962 962 ilo t0t 2
9. 2 t,o tg ,8 / 915 7
3.0 8 0 9 .7 /oo
915 sl .: 17 ,t8 25
t"
| lo4
. 51,712 43.9n 5,456 t6,806 tff) 4,Ss I sc/
- l,5/9 9,417 14,O6 10,971
8. 0 l 8.o 4,836 3,283 | 192
4!8$ 4, S5
:: t7. 3 t6, 5 t .: l , 170 s l2
9. 0 ,rr |,13 2 .2
l6;55/ r 4,553 727 itg 253 I :.
l,2l al / ',oii
5.9 -1 Tt5.9
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200 1,4t8 88s 572 44 a6 I ..
43.4 t.c/9 47 25t 216
334.1 .
89.9 S
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8 l. 170 75,197 349
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3. 4 l?a.4 LOC ALC U R N Ei l C OF
Y R ESPEC T IVE
C OU XT R IES
I,8 0 0 .9 AVAILABLE FOR
1. 4 s7 .4 UNITED STATES USE OBL I GATI ONs
tE 30, t952
STR ATEGI C
M ATER IAL S
l-0. 7 | |, 57 0 .8
t'. rhoa.o^d, ol tchittingt.....1
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6-rs.on
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675,O77
7l ,54ti
I 31..526
4,234
24,57A 8,744
4.187
to8,351
21.7. Tt,7* 3t,096 l8.3IlO
:lirrioar of trd c............1, 12,28
35 .1 36,87s 1.385 i O,2O 28,006 lo,8s9
.1FED. REP.).7 ou'dtr1, ot 8,363r/ 3,t9
t .4 {5.7 .; r ilr i"". - 10,8{ 243,4 161,628 1 t6,986 8,455 13,$6
o! &cchr cs .........1 m s.zo a 606.204
1.5 14 .5 I S,530 251,0$ o,882
t .7 ;.; 212.4
- Tiootaa& ol ,|onw.........1 15.$4 t5,s 4 1,622
i Thottandt ol po! d, . . .. . . . . .1 6.674
t .4 7.4 ttiou ol tir a ..,..........;l
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sr .sS e
l{ €JA
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i. I 143,7A 51. I t5 12,4n
214.7 '-
Tfrouroadr
tL^- - - - ) -
of
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26.12r
t:
2A,121 8,713
9 7 .4 !lg4'and. ol Lrotcr..........l tv,44s 117,445 103,5,2 96,61O 7.243
.9 0.9
.0 r.o , -. rlorrradr ,r"oa., .. .. , ..1 34,9441/ i$,686 25,36I
. Iiltior r oJ"11ir c.......,....1 7,609 8-,2A
1.o9 2 - 2F 442 289
.:| 2.7 ,L tg r iir a ' o / tir cr ...........1
. Tfourcadr of poando
r c1 6 16,726 7, 136 l7p
479
6,O10
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ot titert....,.l | .o57!/
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IRPARTFUNDS STATUSOF GARIOACOUNTERPART
FUI{DSFOR GERMA}IY
dl[E S; tBE2
r48 - JULY I, 1 95 t -
JUNE 30 . 1 95 2 CUtvluLATlVE,
qrK tL J. t94g J U L Y I, I9 5 I
,R DOLLAR
LOCA- qJRRENCY J U N E 3 0 . t9 5 2
EN TS E q JI V A LE N JU N E .30. | 952
(H r L L r o N s o F (rrL L roi l s
DE U T SC HT EI AR IS D OL L A RIS LOCAL D OLLAR LOC AL DOLL AR
CURRENCY EqJ I VALENTS C U R R ENC Y EqJ I VALENTS
2 I e r6 . 0 $ 2t s . 0 MlLLtOits oF r al LLtoN s oF
l,$
[ 1.6 0.4 1.6 0. 4
.8 3 3.1 ' , Rubber & Rubber Pr od. uct s | |
I 0.3 0.1 0.3 0. 1 |
.3 4 .6 : ' M is c i llaneops M anuf ac t u r c s . . . |
| 18.6 4.4 18.6 4. 4
.2 -5.2 ' . Q onnuni c at ion Fac iI i t ie s | |
| 10.0 2.4 10.0 2. 4 |
.2 0 .7 : . ' Vat er Sy s f et s |
| 8.0 7.9 8.0 1.9
.7 4 2.4 :,'Rci ! rocds
6.0 1.4
| I
| . t er c hont 6.0 | 1. 4 |
.4 r6 0.e & f is hing Flee t 1.6
| . loans t o Cot aer c e & f nd i s t r y ,
0.4 1-6 | 0.4 I
.6 | 67.s N.E.C.i. . 71.4 17 .0
.8 41.5 U n d i s .tr i b u t e d . . 71,4 | 17. 0 |
| | -- -100.0 |
.e | 3e.8 0 t r P u rp o s e s | - 23. 8
.8 | 22.s 3.8 16.0 I 3. E
r. Ifo u s i n g ....... I l 4J 3.5 14.s
.7 | -2 1.3 ' Publia
Bnilr linto | . I J. 5
.6 10.5 ' 0.3 1.1 I 0. 3
I upport of Berl in Government
... |3 5 . 0 32.1 I
.2 6. 6 dvancesfor Export StimuldtionU . ,l
|
.8 t37. I lour Shipmentsto yugoslavia . -62.0 | - l'+.8
| 33.3 7.9 0.6 | 0.1
erlin Coal Stockpile9/..
.$ | t77.2 3t.0 7.+ r3 . 0 | 3.I
:l I
h-lanceon Hand!/ 330.{t 78.6 -l 1 3 . 9 | '27;2
.r I 1 7 r. 8 ludes <rrurlrr,erpiitrrrsycrred.
.6 t.5 froa p.L. 472 rrccc
tmt, as uell .as &posits ogadnst rc.leasct fron
| td otlwr reserues ard ECA
finolced GARIOAda Ilar procwerc nt.
.4 | 4.0 to GCRIO{ @cormt in Februdr! 1952.
.4 | 0.6
i.T: bc ripaid lo CntOe ccco,mt as coal is sold.
- | -o.7
$!Lg!4!!gq1s hcs priori tlt on use of this bal.,",ce.
I
.l | -0.2
tnditiondl aid prior to Der
,Wrtcrs for goods shipped,
-l
.i'r:
,:a
-nl -
'000'09$ wW $sl'I/d
. g.6 2 tJ e l{r o p@ :t '0 , say o s
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ST A TU SOF IC E LA N D l C
C OU N TE R P AFU
R TN D S
,JU N30.
E t952
C U MU LATIVE A. P R IL 3, I948 JU LY t. l 9 5t -
JU LY l. l95l - JU N E 30 , l 95 e
JU N E 30. r9s2 JU N E 30. t952
27. O 1.7
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STATUSOF TRTESTE
COUI{TERPART
FUTIDS
,rullE30, t 952
C U T T J LAT IVE,APR T L 3. I9]t8 JU LY r, reSt .
J U N E 30, 1952', JU N E30, 1952
JU LY t , l95l - J I . , N E3 0 , I LOCI! MLLAR
LAWrt72
PUBLTC OJiREt{d
Eql I VAETITS LOCAL CURR€I{CY OOLLAR
( tl ttto i s of ( r l !L to i s oa ( tt L L I o r so F
tl .n E) o o tL ^ i s) Lri€) DOtLAiS)
(nol
llannallc ln rl
$l3[. '+ $62.e
(rt L L t o i l 5 o F
Escuoost
{Ht L!rotrs.
. DOLLIRS'
of Deporits
AdjustedDollar Equlvalen.ts 11!:1 t3+.r+ l1!:1 6 2 .9
5[ Roservedfor t.S. |6.7 6.0 2 .+
8 6.2 Balancefor Turkey 359.6 128. | 69.r+ ou. f,
'+
9.5 USEOFFUI{DS BYTURKEY
7 6.6 Total Approvedfor t{ithdrawal 359.6 t28.$ 263.rl 9r+.2
Il thdrrurl o 359.6 t28.rt 2:63:r+ sr+.2
Purposeo f l{ ith d r a wa ls:
85-0 tlo n of Pr oduct I | 59.6 57 .0 63.q 22,8
t2 7.0 42,7 16- ?6.4 9 .4
19. 3 t.s 1.4
Rcseor ch dnd Er tcnsion Sar ui c c 12. 1 11. 8 4.2
ry10. 0
Lqnd Rcclanation , ,,. ,
O.thcr Agr icultur al Pr ogr a ns ..
9.'0 3'.2
0.8
9.0
1.6
3.2
0.6
Extr actlve lndustr ies 4t. I t4.7 I t.7 4.t
17. 0 35.1- 12.5 10'. 3
lo. 0 Oth.r llining ud Quarrying 6.Q 2.2 0:.6
4.7 t.7 4.7 t.1
aa A
M i' sc6 I I aneous M anufactur es t7.1 p_1 t.8
68. 0 . Roads and H i ghw4y 8r i dges 1t .o t5.2
Electr ic, Gas, and Power Fac i l i ti es ....... t.1 u.o 0.9 o,
68. 0 Loans to Com m er ce and Indu s tr y , N . E.C . .., . 5.3 | 4,J
14.7
l{ l I ltar t pr oductlon, !onstr uctl ,o&or d l {eti r l ot E!.=!g/ oo. +9/ | 69.0 60.rt
-+2. 0 31.0 i l .0
3t.0 i l .0
10,o To.7 ,dd to.1
xccss of 5%of dcPosits. Heaith and Sanitation ' t.0 0.3 t.0 o.t
i/Mt utvtlt rclcued fu tb speciai *"-lt. * pet of *q1;lad rrqrt oi t96 rittiG
)ts tA to
-04-
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