BANKING, CURRENCY AND HOUSING
HOUSE OF REPRESENTATIVES

NINETY-FOURTH CONGRESS

SECOND SESSION

ON

HOUSE RESOLUTIONS 1399, 1419, AND 1445

EXPRESSING THE SENSE OF THE HOUSE RELATIVE

TO FOREIGN PALM OIL DEVELOPMENT LOANS

77-764 O

SEPTEMBER 15, 1976

Printed for the use of the

Committee on Banking, Currency and Housing

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1976

COMMITTEE ON BANKING, CURRENCY AND HOUSING

HENRY S. REUSS, Wisconsin, Chairman

de la Garza, Hon. E “Kika,” a Representative in Congress from the State
of Texas__

Johnson, Seymour, chairman of the board, American Soybean Association;

accompanied by Dr. William Kling, Washington representative of the

association

Mathis, Hon. Dawson, a Representative in Congress from the State of

Georgia

10

Moore, Hon. W. Henson, a Representative in Congress from the State of

Louisiana

45

Poage, Hon. W. R., a Representative in Congress from the State of Texas__

52

ADDITIONAL INFORMATION SUBMITTED FOR THE RECORD

American Soybean Association, statement presented by Seymour Johnson,
chairman of the board..

de la Garza, Hon. E "Kika":

Prepared statement

Statement submitted on behalf of Texas Citrus Exchange and Texas

Citrus Mutual

Gonzalez, Chairman Henry B.:

15

36

36

Asian Development Bank, lending to the fisheries sector_-_-

Inter-American Development Bank, lending in 1961-75 in the agricul-

tural sector, loans for fishing industry-

44

43

"USITC Recommends Adjustment Assistance for Shrimpers," news

release from U.S. International Trade Commission, dated May 11,

1976

"IFI Lending for Palm Oil, 1965-75," information submitted by staff of
subcommittee upon request of Congressman Charles E. Grassley---

International Trade Commission, U.S., news release dated May 11, 1976--

Johnson, Seymour, prepared statement_

Mathis, Hon. Dawson, prepared statement--

Attachments:

Letter from Hon. William E. Simon, Secretary of the Treasury,

dated August 10, 1976, regarding recent action taken by the Na-

tional Advisory Council (NAC) of IFI financing of palm oil

projects

38

44

44

23

59

15

49

51

"Palm Oil Projects Presently Being Prepared for Board Consid-

eration," list of "small pipeline loans".

52

"United States to Stop Funds for Palm Oil Development," news

release from Department of Agriculture dated July 29, 1976__

51

Poage, Hon. W. R., prepared statement----

56

Texas Citrus Exchange and Texas Citrus Mutual, statement presented on

behalf of by Congressman de la Garza.

36

Treasury Department, letter dated August 10, 1976 from Secretary William

Simon to Congressman Dawson Mathis...

51

World Bank information note, supplied upon request of Congressman

Charles E. Grassley--

26

(III)