Business & Finance: Double Insurance

To encourage U.S. investment abroad, the Economic Cooperation Administration provides that any profits earned in Marshall Plan nations may be converted into dollars. Last week, to lure still more foreign investments, ECA boldly broadened its insurance. It announced that in the future, for a yearly fee of 1% of the amount involved, it will insure U.S. business ventures in Marshall Plan countries against expropriation (but not against war damage or normal business risks).

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