stepping up their collusion in an attempt to resist the increasing opposition to their policies by the African peoples, among others, and to prolong their colonial rule in the southern part of Africa, according to the Dar - e - Salaam newspaper, Nationalist, on April 6th. The report said that a new trade pact had been signed recently between South Africa and Southern Rhodesia, “apparently as a buttress” in the event of unilateral declaration of “independence” by the Southern Rhodesian white minority regime. A new loan was granted to the Southern Rhodesian regime. A new committee to expand trade among South Africa, Portugal, Mozambique, Angola and Southern Rhodesia had
was nearly 10,000 million dollars in 1955, and soared to nearly 30,000 million dollars this year. By 1975 it would have tripled to 90,000 million dollars if the current rate of borrowing continued. The report admitted that the loan terms of the United States were very hard. The “minimum interest rate” which was endorsed by the U.S. Congress last year meant that the U.S. Treasury would eventually receive 1.53 dollars back for each dollar loaned. Under the “Hard Terms” of the U.S. Import-Export Bank (53% for 13 years) U.S. loans to Latin American governments in the 1950s “are now a drag on the
been established and new trade agreements between them came into force on April 1st. Five specific agreements were also concluded between South Africa and Portugal. A new agreement between the South African airways and the Portuguese airline to Operate their air services in joint partnership was reached. The South African Airways have been banned from flying over all independent African states since 1963, and have consequently used Portuguese airports at Luanda of Angola, in the Canary Islands, and Lisbon en route to Europe. The report pointed out that “by pooling their markets and military and technical assistance, the three governments hope to hold out a little longer against boycotts and arms embargoes.”’
Bill Keaton
Alliance For Progress,” the Bank was
actually taking 100 million dollars a
year more out of Latin America than
it was putting in.
A.D. said that Turkey illustrated
the problem “in its most advanced
prospect for 1965 would absorb half
of the expected Turkish earnings
from merchandise exports.’ In
India, another country which has
received large amounts of “aid” from
the U.S., the foreign debt was rapidly
rising and was likely to be nearly 6
billion dollars by next year. It
might have to devote a quarter of all
its export earnings during the next
five years to pay off the debt.
Keith Bloor
RMER NATO Commander-in-
Chief, US General Lauris Nor-
stad, recently visited South Africa.
In an interview with South African
Sunday Express, Norstad revealed
that the South African regime planned
to buy more aircraft to supress the
South African people and threaten
other African countries.
Commenting on Norstad’s visit to
South Africa, Z. B. Molete, Secret-
ary for publicity and information to
the Pan-Africanist Congress of
South Africa, said that US invest-
ments in South Africa had sharply
increased in recent years, reaching
two hundred and fifty million pounds
sterling. US investments now occu-
pied second place among foreign
investments in South Africa. Britain
holds top place.
G. Powe