Show BOOST BILLJ BILLI GOES TO HOUSE HOUSH WASHINGTON May ay 17 J senate approved measure to the Reconstruction give ration another Finance corp rowing power awaited house i In bor Saturday c co- co con n Meanwhile Jesse Jones w loan administrator disClosed fede federal the R F C had committed i provide tools and n. n o to toi nations nation's defense industries materials ti for H u tb of at a ico C tt t Jill Brief debate preceded se senate Friday of the bill to give the R F C new speed national defense voice vote was not unanimity Senator marked Danaher Conn said congress s was e a creating ator ater Adams D. D Colo while g deda declared S Sea n The he powers proposed broil were br ii d. d enough to give the mean i meant enlist and drill an army S Broader Authority of Under defense the measure subsidiaries the autho o of ot I t S agency would be broadened I the life Ute of the Disaster 22 nd and the Electric H Hand and Farm Authority extended j un flat 22 1947 The j F C sub corporations would be aS t to produce buy or iii en strategic materials and acquire railroad and commercial aircraft n and equipment The l legisla legislation ii also would permit loans to foreign governments who put up American as collateral m Jones announced that the 3 Defense t. t Plant corporation an subsidiary would buy worth of machine tools at the there t quest of William S S. Knudsen dir tor tar of ot the 0 O P M M. M to speed dete work on an around the b tail bisti sli The tools would be leased or resold to defense factories m nought Aluminum 1 He said the Defense Plant Piat c cot cor has bought worth of aluminum from the the Aluminum of Can Canada da and has promised to build fo four synthetic rubber plants at a cost of each The Import Export-Import bank he said laid has agreed to buy worth of rubber chromium Indus trial diamonds and other material materIa from Brazil Total obligations of the have been brought to alm lt If |