Announcement by Eugene R. Black, President of the World Bank, of His Suggestion to Visit India to Study Economic Conditions

)J RECONSTRUCTION Al\{ 1818 H STREET, N.W., WASHINGTON 25, D. C. TELEPHONE: EXECUTIVE3-6360 FOR ~LEASE SUBJECT: Bankers' Visit to India A.M. Newspapers January 20, ~96o (1 Mr. Allan Sproul has accepted Mr. Eugene R. Black's suggestion that he go to India and. Pakistan in place of Mr G Joseph M. Dodge, 'who is ill,, as a member of a group of bankers visiting those countries next month. Mr. Sproul is a former President of the Federal Reserve Bank of New York. As announced on December l9, 1959J the other members of the group which is visiting India and Pakistan at Mr. Black's suggestion are Sir • Oliver Fran.ks, Chairman of Lloyds Bank Limited of London and Dr. Hermann Abs, Chairman of the Deutsche Bank of Frankfurt . The three members are to meet in Karachi on February 13 and will spend five or six weeks in India and Pakistan studying economic conditions and acquainting themselves with the current and prospect.ive development plans of the)) two countries . •