April 23, 1954

AMERICAN AID: Yesterday afternoon, the Greek government signed a contract with the American mission for loans for the amount of $10 million in American aid to industry and farms to found new units, expand existing ones and generally carry out projects of a productive nature. XENOFON ZOLOTAS: There has been no official reaction to the views expressed the day before yesterday by the academic professor Xenofon Zolotas on the question of reconstruction. The professor objects to basic projects being carried out with loans from abroad and suggests that the remainder of American aid be used instead. Mr Zolotas, commenting on the economic policy followed since last June, said that no project had been started nor did any appear to be about to begin in the near future. The reason for this, he believes, is that the necessary conditions were not secured and that the policy followed for finding capital has been the wrong one. GEORGIOS SKLAVOS: Today at 10.45 p.m., Athens Radio is to broadcast the final scene from the opera by G. Sklavos «Kassiani.»

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