compante@s Im Imonssm 1441
The Oth September issue of Bintang Timur (astern Star) quoted figures collected by its correspondent revealing the huge profits gained by foreign oil companies in Indonosia, The Stanva and Caltex companies of the United States and the Shell company owned jointly by the United States, Britain and Holland increased their investments by about 600 millions rupiahs (133 million U.s. dollars) between 1954 and 1962, This brought their total investments te 16,000 million rupiahs (355 million dollars), The foreign exchange which they gained from their exports amounted to no less than 256 million dollars in 1961, and 251 million dollars in 1962. This meant that the foreign oxhango receipts of these three forcign oil compnnies were equal to 140% of their total investments,
From 1954 to 1962, their foreign exchange income totalled 2,285 million dollars, or 650% of their total investment. It was necessary tc point out that at present, 90% of Indonesia's oil production was in the hands of these big foreign capitalists, the paper said, Commenting on the negotiations conducted between the Indonesian government and Stanvac, Caltex and Shell, Jusuf Widjajana, a leading member of the Indonesian 0il Porkers' Union '(Permm), told Bintang Timur in an interview that "no matter what, we must remember that imperialists romair imporialista,™ SwGDEN'S. PRODUCTION INCREASES SLOWS DOWN ~ -
4 recent report by theSwediah News Agoncy, T.T., said that Sweden's gross national production rose 3.5% in 1962 as agninst 6% in 1961. One reason for the slow down was a reduction in the demandfor some important Swedish export products, notably pulp, timbor, steel and iron ore, nother cause was a drop in industrial investments from an increase of 15 to 20% annually during 1960 and 1961 to a rise of only 2% in 1962, Industrial bwilding investment fell by 9%. Private consumption, too, rose less than during the preceding year, In fixed prices, the increase was 4% as against 5% in 1961. Total personal income went up about 10% in money values, but the real increase was less cwing to a rise of 5% in consumer prices,