R. 7797. The bill may well be termed an omnibus bill. as it provides authorizations for appropriations for practically all programs of foreign aid throughout the world. The authorizations as agreed to by your conferees are as follows: New appropriations and extension of authority to use existing appropriations: European recovery program ---------------- $2. 849. 100. 000 Economic assistance to the Republic of Korea --------------- 100. 000. 000 Assistance to China and in the general area of China ----------------- 94. 000. 000 Assistance to Palestine refugees ------------- 27. 450. 000 Technical cooperation program (point 4)__ 25.000.000 International welfare work for children .... 15. 000. 000 Subtotal ---------- 8. 110. 550. 000 Public credit transactions: Additional authorization for investment guaranties in the European recovery program---- 50. 000.000 Total appropriations and public transactions ---------- . 160. 550. 000 It will be noted that five current programs of foreign aid are provided for in the measure. and the initiation of one new program is authorized. The new program is. of course. the socalled Presidents point 4 program for providing technical assistance and other aids of advancement to backward and underdeveloped countries of the world. Your conferees are pleased to report complete agreement with the conferees of the Senate upon each and every provision of the measure.
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refugees