United States. Dept. of State. Office of Public Co.

Department of State bulletin (Volume v. 46, Jan- Mar 1962) online

. (page 33 of 101)
Online LibraryUnited States. Dept. of State. Office of Public CoDepartment of State bulletin (Volume v. 46, Jan- Mar 1962) → online text (page 33 of 101)
Font size
QR-code for this ebook


will permit helping inhabitants where necessary
until they become self-supporting. Many of tlie
Land Development Centers created during the past
few years are now flourishing areas producing new
crops like kenaf and ramie, and people living in
them enjoy a bigger income than before. Sim-
ilar prospects exist for new resettlement centers
for montagnards, to which village improvements
in health, education and communications will be
extended.

9. Special efforts will be directed at reconstruc-
tion in flood-stricken regions in the Mekong Del-
ta. These will include regroupment of people into
new villages to which health, education and com-
munications benefits will be extended. Road and
canal constmction will also be involved.

10. Extensive programs of public works will be
undertaken to help relieve unemployment.

11. Industrial development which has been
marked in the past two years will continue. In
the field of cotton textiles, for example, a further
investment of $0 million will go far toward mak-
ing Viet-Nam nearly self-sufficient in cotton cloth.
At the same time it will provide living for thou-
■sands of workers.

Increased United States assistance for both im-
mediate economic and social measures and longer



range development reflects the confidence of the
United States Government in the future of free
Viet-Nam. Both the Vietnamese and United
States Governments also welcome the support and
assistance of other Governments in carrying for-
ward these programs for insuring the freedom of
Viet-Nam and increasing the prosperity of the
Vietnamese people.



U.S. Delegation to U.S.-Japan
Cultural Conference Meets

The Department of State announced on Janu-
ary 5 (press release 12) that the American delega-
tion to the Joint United States-Japan Conference
on Cultural and Educational Interchange, which
begins a 1-week meeting at Tokyo on January 25,^
held its organization meeting at the Japan Society
in New York on that day.

Philip H. Coombs, Assistant Secretary of State
for Educational and Cultural Affairs and a mem-
ber of the U.S. delegation, told the group that,
"building a broader bridge of understanding be-
tween these two great cultures is an imdertaking
not only for the governments but more impor-
tantly for colleges and universities, professional
societies, labor unions, private foundations, and
other nongovernmental organizations."

In outlining plans for the conference Mr.
Coombs noted that "few, if any, measures are more
important in our relations with the Japanese peo-
ple than expanding and strengthening our educa-
tional and cultural ties. "We have already come a
long way since the end of the Pacific war in
broadening this bridge of understanding and in-
creasing the ti-affic on it in both directions through
cultural and educational interchange.''

The conference, the first of its kind in United
States-Japanese history, is the third arising under
an agreement reached by President Kennedy and
Prime Minister Ikeda at Washington early last
summer. - Conferences in the economic ' and sci-
entific ■* spheres have been held in recent weeks.

Hugh Borton has been named chairman of the
American delegation. Serving witli him, besides



' For lui announcement of the meeting, see Buixetin of
Jan. !.->, 1902, p. 09.

'/()i(f.. .TulylO. 19G1, p. 57.
' /f)iVf., Nov. 27, 1901, p. 890.
' Ihid., Jan. 8, 1962, p. 60.



142



Department of State Bulletin



Mr. Coombs, will be: Aaron Copland, Charles B.
Fahs, Clarence H. Faust, Sterling!; M. McMurrin,
Douglas Overton, Edwin O. Eeischauer, Arthur
Schlesinger, Jr., Thomas C. Sorensen, Willard
Thorp, and Robert Penn Warren.

Mr. Copland will conduct a perfomiance of the
Japan Philharmonic Symphony Orchestra in
Tokyo. A chamber music program, with Mr. Cop-
land at the piano, is also being planned. Lectures
before university assemblies and other educational
and cultural groups have been scheduled by
Messrs. Borton, Fahs, Faust, Overton, Thorp, and
Warren, and others are likely to be added. Mr.
Warren will deliver two lectures under the aus-
pices of the American Literature Society at the
Japan-American Cultural Center, the first on
20tli-century American literature and the second
on his own works.



AID Approves Loan

for Korean Power Project

Press release 92.3 dated December 30. for release December 31

Fowler Hamilton, Administrator of the State
Department's Agency for International Develop-
ment, announced on December 31 the approval of
a $20,900,000 loan for a power project in Korea.
It will be repaid in dollars.

The loan will be made to the Government of
Korea and be used by the Government-controlled
Korea Electric Co. (5, 2-KA Namdeamoon-EO,
Chung-Ku, Seoul). The company will spend
the money in the United States for goods and
services needed to establish and put in operation
a 132,000-kilowatt thennal generating plant at
Kamchon-ri, a suburb of Pusan.

Participating in the financing of the project is
International General Electric, a division of Gen-
eral Electric Co., which will provide a credit of
about $3,500,000 in foreign exchange. IGE is the
prime contractor for the project and is responsible
for construction and the provision of all non-
Korean goods and services. IGE has retained the
Bechtel Corp. to perform consulting engineering
services.

The Pusan plant will include two 66,000-kilo-
watt turbine-generator units plus the necessary
auxiliary facilities. It will use primarily Korean
anthracite coal, delivered to the plant's dock by
seagoing barges. The project includes the trans-



mission lines and substations needed to (icli\er
power into the company's system.

Mr. Hamilton explained that Korea faces a
shortage of generating capacity, expected to reach
about 240,000 kilowatts by next year. This short-
age has limited industrial expansion and ham-
pered economic growth. Many industries have
been forced to operate at levels considerably below-
capacity. Consequently, he said, the expansion
of power-generating capacity has been given top
priority in Korea's development planning.

The project will help Korea cari-y out its re-
cently drafted first 5-year plan for economic de-
velopment. Among the goals of this plan are an
increase in the gi'owth rate from the present 4.7
percent to about 7 percent, a 50-percent reduction
in unemployment, and a reduction of the coimtry's
large balance-of-payments deficit.

The Korean Govermnent also is undertaking a
number of self-help measures aimed at strengthen-
ing the economy. Among other things, it is seek-
ing to strengthen the tax system, mobilize private
savings, and reduce governmental expenditures.

The Korea Electric Co. was formed last July
by consolidating three separate companies and
is now the only power company in Korea. The
Governnient owns 84 percent of the stock; the
remainder is held mostly by Korean corporations
and individuals.

The AID loan will be repayable over a period
of 40 years.



Fowler Hamilton To Inspect
AID Efforts in Far East

The Department of State announced on Janu-
ary 3 (press release 6) that Fowler Hamilton,
Administrator of the Agency for International
Development, would leave on January 4 for a 2-
week inspection trip through the Far East, in the
course of which he will examine the progress of
AID efforts in that area at first liand and confer
with AID personnel in the Orient.

Mr. Hamilton, on this fii-st of a series of trips
which he plans to make to all areas in which AID
conducts major operations, will be accompanied
by Henry Koren, Director of the Office of South-
east Asian Affairs, Department of State, William
Ellis, AID program officer for the Far East, and
Stephen Ives, his exe



Online LibraryUnited States. Dept. of State. Office of Public CoDepartment of State bulletin (Volume v. 46, Jan- Mar 1962) → online text (page 33 of 101)