Genesis and organization of the Bank, 65. — The experimental period: the first two years, 68; development of lending policies, 68; extension and further developments, 71. — The period of Scandinavian credits: the "Finnish Loan Bill, " 74; the Norwegian, Swedish, and Danish loans, 75. — The period of Latin American credits: the Act of 1940, 76; transportation loans, 78; the Brazilian Steel loan, 79; the Brazilian Economic Agreements, 80; Haiti and Ecuador, 80; Bolivia, 81; credits to Central Banks, 81. — Conclusions: aid to exporters, 85; economic development, 87; opportunities ahead, 88.

Scope of the study, 118. — Importance of the agreements: comparison with prewar Central European bilateralism, 119; countries and share of trade involved, 120. — Functional description of the agreements: financing current transactions, 123; short-term credit provisions, 127; special arrangements, 129; provisions for expansion to other areas, 130. — Relation to a multilateral system: definition, 132; objections to bilateralism, 133; relation to the Bretton Woods system, 137. — Conclusions, 141.

The First World War: Revenue Act of 1916, 630; Revenue Acts of 1918 and 1921, 631; criteria used by the Government, 632; extent of amortization under this law, 634; the question of incentives, 634. — The Second World War: Second Revenue Act of 1940, 636; administration of this law, 637; changes in the law in 1942, 639. — Accelerated depreciation as an incentive to plant expansion, 641. — Conclusions, 645.