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The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
The U.S. Economic Cooperation Administration (ECA) modified its plan to end the 50-50 allocation of Marshall Plan bulk cargoes to American ships, guaranteeing them at least half for another month due to high demand and protests. Administrator Paul G. Hoffman cited the French coal strike and other factors.
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OCR Quality
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Will Still Get ECA
Relief Cargoes
WASHINGTON (AP)-American ships will be guaranteed at least half of all Marshall Plan bulk cargoes for another month.
A decision by the economic cooperation administration to drop this 50-50 provision effective January 1 was modified Wednesday on the recommendation of a 12-member public "watchdog" committee.
The previous action, designed to take advantage of lower shipping costs on foreign-flag vessels, had aroused a storm of protest in maritime circles, in Congress and elsewhere.
In announcing the delay, ECA administrator Paul G. Hoffman said:
"In recent weeks, as a result of the French coal strike and other circumstances, the demand for bulk cargo vessels has continued at a high level, while during the same period rate differentials have decreased."
Hoffman added that the postponement takes these factors into account and also will "permit appraisal of the underlying problem by the new Congress."
Bulk cargoes consist chiefly of coal and grain.
There had been no plan, ECA said, to divert a higher percentage of packaged goods, such as processed food, medicine and industrial equipment, to foreign ships.
The foreign aid act sets forth the 50-50 provision but gives Hoffman authority to alter it under certain circumstances.
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Where did it happen?
Foreign News Details
Primary Location
Washington
Event Date
Wednesday Before January 1
Key Persons
Outcome
50-50 provision for american ships extended for another month; no change to packaged goods allocation
Event Details
ECA decided to drop the 50-50 provision for Marshall Plan bulk cargoes effective January 1 but modified it on Wednesday following protests and recommendation of a watchdog committee. High demand due to French coal strike and decreased rate differentials cited. Postponement allows new Congress to appraise the issue. Bulk cargoes are coal and grain.