European Capitalis Helps Bolster Colonialist Portugals Economy

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According to a Financial Times Supplement of December 10th, entitled "Spoltlight on Zurope", the Portuguesoeconomy is receiving extensive assistance in maintaining its balance of payments position from West Germany, France and the USie Thus they are being assisted to offset the bad effects of high taxation caused by the Angolan revolution and the loss of the Angola colony. Tourist income is rising and the Financial Times reports that the rise has beon 11 per cent on the same period last year. Despite the fact that the exiled leader Gen. Delgado has said that he would not honour foreign loans contracted by Salazar, loans have been negotiated with the lixport-Import Bank, for financing tho Tagus bridge, the West German Kreditanstaldt fur Wiederaufbau and groups of French and USA banks. So far loans totalling over $145 million have beon negotiated for finaningg the lattor half of Portugals Second Development Plan,

SOUTH AFRICAN “SP: SAR O] OF THs NATION" I MARKS ANI ANNIVS..SARY OF ARDCSD STRUG CLI.

m Hsinhua 23rd Dec.62.

The High Command of South Africa's UMKEONTO Wa SIZWE (Spear of the Nation ) has issued a message marking the first year of its uaderground strugyzle, according to a report from Johannesburg. Thu message seid that the movement is “an independent body subjecting itself voluntarily to the political guidance of the national liberation movement,"