Activities of Export-Import Bank of Washington and Second Export-Import Bank of Washington, D. C., Feb. 12, 1934, through July 8, 1939 Continued INDIVIDUAL EXPORTS FINANCED UNDER ABOVE CREDIT (PROJECT NO. 217) UNIVERSAL TRADING CORPORATION International Dodge & Seymour, Ltd. Iron City Tool Works. W. & L. E. Gurley. Iron City Tool Works. May Hardware Co. Automotive Equipment. Cleveland Tractor Co.. Activities of Export-Import Bank of Washington and Second Export-Import Bank of Washington, D. C., Feb. 12, 1934, through July 8, 1939 Continued INDIVIDUAL EXPORTS FINANCED UNDER ABOVE CREDIT (PROJECT NO. 217) UNIVERSAL TRADING CORPORATION-Continued 500,000.00 225, 961.05 69,094. 20 156,866.85 157 Feb. 27, 1937 | American Car & Foundry | Railway equip payable in quarterly installments отег 3-уеаr period. Do. 1 Repayable in semiannual installments over period of 5 years. Purchases from 174 American firms have been financed to date under the above credit, project 210. 3 Balance of commitment canceled. In addition to the foregoing, the Export-Import Bank has agreed to consider applications from American firms for financing equipment, products, and services to the extent of $2,000,000. In addition to the foregoing, the bank has agreed to consider applications from American firms for financing equipment, products, and services to the extent of $3,000,000. Activities of Export-Import Bank of Washington and Second Export-Import Bank of Washington, D. C., Feb. 12, 1934, through July 8, 1939 Continued Germany.-The Export-Import Bank, acting on behalf of Farm Credit Administration, negotiated the settlement of a loan of $2,661,309.75 to Deutsche Getreide Handelsgesell$75,000 per month. schaft, m. b. h., upon which payments of principal were in default. Since Jan. 15, 1938, the sum of $1,050,000 has been collected, and the obligation is being reduced at the rate of GENERAL STATEMENT Total commitments: Since its establishment the Export-Import Bank has made commitments of $250,758,547.38. 885,351.06 were canceled. Total outstanding and active commitments: Total loans outstanding are $53,553,696.35, and active commitments are $56,612,945.46. Dec. 31, 1938, and has funds with which to pay dividends accrued to date. Earnings: Although the bank did not operate during the first 18 months of its existence, it has paid dividends upon its preferred stock at the rate of 3 percent per annum through Net profit for the fiscal year 1939 was $1,744,630.74. |