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Senator BARKLEY. Is there anything further you wanted to say, Mr. Pierson?

Mr. PIERSON. No, thank you.

Senator BARKLEY. Mr. Baldwin, who is from the Department of Agriculture, is here, and I think he can give us some information, Senator Bankhead, about the matter that was up this morning, and as to the amount available for the Bankhead-Jones Act farm-security loans. There was some little confusion about that.

Senator TAFT. Mr. Chairman, I should like to offer the statistical analysis of publicly offered foreign dollar bonds, from the institute of international finance of New York University, appendix C, on pages 20 and 21, showing the foreign bonds in default to the United States, and different countries which are in default.

The CHAIRMAN. Very well.

(The statistical analysis referred to is as follows:)

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INSTITUTE OF INTERNATIONAL FINANCE, STATISTICAL ANALYSIS OF FOREIGN DOLLAR BONDS

APPENDIX C.-Bonds in default as to interest: Obligor distribution by countries as of December 31, 1938

Latin America: Argentina.. Bolivia.

Europe:

1 The amount of the Government, municipal, and mortgage-bank bonds on Dec. 31, 1938, were taken from the Report of the Chilean Institute for the Amortization of the Public Debt.

APPENDIX C.-Bonds in default as to interest: Obligor distribution by countries as of December 31, 1938-Continued

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ount outstanding increased by non-interest-bearing scrip issued in accordance with the adjustment plan of April 1937.

Senator BARKLEY. Mr. Jones, is there any reason why this statement of the activities of the Export-Import Bank should not be made a part of the record?

Mr. JONES. That is what we brought it here for.

The CHAIRMAN. Very well; the statement shall be included in the record.

(Statement entitled "Activities of Export-Import Bank of Washington and Second Export Import Bank of Washington, D. C., February 12, 1934, through July 8, 1939," is as follows:)

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Activities of Export-Import Bank of Washington and Second Export-Import Bank of Washington, D. C., Feb. 12, 1934, through July 8, 1939 [Second Export-Import Bank of Washington, D. C., incorporated Mar. 12, 1934, was dissolved June 30, 1936, all of its active commitments being assumed by Export-Import Bank of

Washington]

COTTON CREDITS

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83, 268. 13 271, 631, 30

83, 268. 13 271, 631.30

12, 357.23 196, 343.95

70, 910.90 75, 287.35

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