October 21, 1958
US AID: According to an announcement yesterday by the American Mission in Athens, US aid to Greece for the current US economic year (July 1, 1958, to June 30, 1959) amounts to $32 million, up from $21 million this past economic year, an increase of 50 percent. Apart from foreign exchange, the aid consists of farm products (wheat, seed oil, powdered milk and cheese, for example), the value of which has not yet been decided. Net defense aid provided for in US Congress Law 660 has been set at $20 million, up from $15 million last year. Special aid for the military in the form of petroleum, boots, spare parts and food has been set at $12 million, up from $6 million last year. Another benefit this year is that all military aid is to be granted free of charge and in foreign exchange, which Greece can use for purchases in any country in the world. SCHOLARSHIPS FOR BRITAIN: The British Council has announced its annual competition for scholarships for university graduates to study in the United Kingdom in the 1959-1960 academic year. The scholarships cover the cost of travel, fees, food and board for one entire academic year.
