The timber loan is part of a Europe-wide cooperative project to increase production by European timber exporting countries and augment timber supplies in importing countries.
The timber loan is part of a Europe-wide cooperative project of the Bank, the Economic Commission for Europe, and the United Nation's Food and Agricultural Organization (FAO). It is designed to increase the production of sawn soft-wood and pit props by the European timber exporting countries and augment the supplies of these products in importing countries. The machinery obtained by Finland will enable the country to increase their annual production and exports of timber.
The profile contains project and financial information and lists of project documents and archival records.
The report briefly describes the status of the loans that the Bank is considering as part of the Timber Equipment project (1368375).
In the letter, Sigurd von Numers requests $3 million dollars as part of the timber loan to purchase machinery and equipment for Finnish woodworking industries (1368375).
The report examines the loans' disbursement, end use, and service.
An article on the timber projects entitled “Bank Grants Loans to Finland and Yugoslavia” is on pages 1 and 3.
The report describes the loan, appraises it, ensures that the loan is in compliance with the Articles of Agreement, and recommends that the loan be granted.
Board discussion on the timber loans is on pages 2199 - 2212.
On page 56 of the transcript, Rist briefly discusses lending funds to reestablish the timber industry in Finland.
On page 17 of the transcript, Rosen discusses timber loans in general.
On pages 11-13 of the transcript, Schmidt discusses timber loans in general, citing Finland, Yugoslavia, and Austria.
On pages 20-21 of the transcript, Sommers discusses the complex nature of timber loans made to Finland and Yugoslavia.