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TABLE XXXV.-Summary of barter contracting In specified periods
Purpose
Stockpile materia; : 1
Strategic ------------------------------------------------------------
Supplemental --------------------------------------------------------
Supply: 2
Total stockpile -----------------------------------------------------
July 1, 1954
through
Dec. 31, 1964
Calendar
year 1965
Cumulative
through
Dec. 31, 1965
Million dollars Million dollars Million dollars
151.5 -------------- 151.5
1,376.1 6.9 1,183.0
1.527.6 6.9 1,534.5
Agency for International Development ----------------------------------- 60.2 51.8 112.0
Atomic Energy Commission -------------------------------------------- 16.5 16.5
Department of Defense------------------------------------------------
204.7 112.1 316.8
Total supply -------------------------------------------------------
Grand total --------------------------------------------------------
281.4 163.9 445.3
1,809.0 170.8 1,979.8
I Barter contracts providing for the acquisition of strategic materials for transfer
figure
to strategic
for contracts
and supplemental
for acquisition
stockpiles.
of materials
The
for the strategic stockpile has been adjusted to reflect transfers of material valued
million
at $258.6
to
3 Barter the
contracts
supplemental
providing stockpile.
for acquisition of strategic and other materials, equipment and
Adjustments
services for other
have
Government
been made to
agencies.
reflect transfers to supplemental stockpile of $8.8 million originally acquired for AEC and $4.1 million
originally acquired for Defense.
tives, unless the acquisition is more advantageous than
acquiring additional foreign currencies, or will further
international economic or foreign policy interests of the
United States or enables conversion of an existing Government
dollar contract to a barter basis. During 1965,
barter contracts valued at $6.9 million were signed
providing for the exchange of agricultural commodities
for strategic materials.
Barter contracts during 1965 totaled $170.8 million,
bringing the cumulative value of barter contracts since
July 1954 to approximately $2 billion. Contracts negotiated
in 1964 totaled $128.4 million.
Agricultural commodity exports under barter contracts
totaled $182.3 million in 1965 as compared with $122.9
million in 1964.
Under the barter program, 125 countries and areas
have received agricultural commodities during the period
July 1, 1954 to December 31, 1965. The value of these
commodities, based on export market prices, was approximately
$1,954.4 million. The amount received by
each country and area is shown in appendix table 27.
Materials delivered to CCC and reimbursements made
to CCC for goods and services procured for the Depart-
106
ment of Defense, the Agency for International Development,
and other U.S. agencies totaled $150.8 million in
1965 as compared to $103.9 million in 1964. Cumulative
value for the period July 1, 1954 through December
31, 1965 is $1,812.3 million, of which $1,500.8 million
represents deliveries of materials and $311.5 million
represents reimbursements credited to CCC for procurements
for other agencies.
A total of approximately $1.4 billion in strategic
materials has been transferred to the supplemental
stockpile. CCC receives reimbursement for these transfers
by appropriation as provided for in section 206 of
Public Law 540, 84th Congress. Materials in CCC's
inventories, as well as subsequent deliveries of materials
under existing contracts, will be transferred to the
supplemental stockpile or other Government agencies
with reimbursement to CCC.
Details pertaining to barter shipments appear in tables
XXXV, XXXVI, and XXXVII. Differences between
barter contract amounts shown in table XXXV and the
value of materials, equipment, and services in table
XXXVI in most instances are caused by the time lag
between contracting and delivery.