8
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Republic and Austria were elected to the First and Second Vice-Chairmanships respectively. The United Kingdom was re-elected to the Chairmanship of the Executive Committee, with France in the Vice-Chairmanship of the Executive Committee. The other countries elected to the Executive Committee were Italy, the Netherlands, Greece, Norway, and Portugal. Switzerland, Sweden and Turkey ceased to be members.
Congressional Hearings
38. The Authorisation Act has now been passed by Congress. Neither the figure of $1,150 million for the April-June quarter nor the figure of $4,280 million for the year July 1949-June 1950, were cut during the passage of the Bill, although the $150 million for long-term projects was deleted, The Authorisation Act, has, however, to be followed by the Appropriation Act and in the Administration's submission to the Appropriations Committee the total of $5,430 million has been cut to $5,272 million" because of price declines." Present indications are that this figure will probably be further reduced during the passage of the Appropriations Act.
Division of Aid for 1949–50
39. Directions for the preparation of revised programmes for the year 1949-50 have been agreed at O.E.E.C., and the revised programmes are due to be submitted by participating countries on 25th May.
United Kingdom Allotment of Aid for 1948–49
40. The allotment of $1,316 million for the year ending March 1949 has now been fully committed. For the period April-June the United Kingdom has so far been allotted $213.4 million out of E.C.A. funds advanced by the Reconstruc- tion Finance Corporation.
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Table 1