Financing of Aswan High Dam in Egypt: Hearings Before the United States Senate Committee on Appropriations, Eighty-Fourth Congress, Second Session, on Jan. 26, 1956

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Reviews financing proposal.

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Page 1 - Union has developed from almost a wholly agricultural kulak state into a state which now ranks as one of the important industrial powers with a capability in terms of modern developments, such as peacetime uses of atomic energy, and so forth, enabling it to challenge the Western Powers. This is the first time in history that a non-Wes~tern Power has equipped itself to meet the industrial challenge which began in the West with the industrial revolution. This accomplishment...
Page 2 - ... denied them merely by our giving a certain amount of economic aid on an annual basis which meets the current necessities of the recipient countries. Budgetary relief and funds to meet current emergencies, while welcome, are no offset to the present Soviet challenge. That can only be met by our helping them in long-range projects which will help them to move toward a better balanced and somewhat more industrial economy. Also, our help will largely fail in its propaganda and political purpose if...
Page 16 - ... not believe it would be possible to get any such commitments. I would like to point this out: To undertake this project, the Egyptians are having to furnish some $900 million over a period of 20 years and it will require extreme austerity on the part of the Egyptians if they are to complete their end of the project. Obviously they are not going to be able to undertake a large arms race or a commitment of their resources toward war and at the same time carry on a project of this magnitude. Senator...
Page 11 - Government has for a number of years now been trying to get away from a one-crop, cotton economy with all of its vicissitudes. As far as I know Egypt is the only major cottonproducing country in the world, other than the United States, which has control of cotton acreage. The Egyptian Government has exercised stringent controls to bring its cotton operations to manageable proportions. It is reflected in the figures on total production of cotton in Egypt, beginning...
Page 10 - Voting power and subscriptions of member countries, June 30, 1955 Member government Voting power Number of votes Percent of total Subscriptions Amount (in millions of dollars) Percent of total Australia 2,250 Austria 750 Belgium 2,500 Bolivia 320 Brazil 1,300 Burma 400 Canada 3,500 Ceylon 400 Chile - 600 China 6.250 Colombia 600 Costa Rica 270 Cuba...
Page 10 - ... Greece 500 Guatemala 270 Haiti 270 Honduras- 260 Iceland 260 India 4,250 Indonesia 1,350 Iran.. 586 Iraq- -.- 310 Israel.. 295 Italy 2,050 Japan 2,750 Jordan 280 Lebanon 295 Luxembourg -- 350 Mexico... 900 Netherlands 3,000 Nicaragua 258 Norway 750 Pakistan 1,250 Panama .- 252 Paraguay 264 Peru. 425 Philippines 400 Sweden 1,250 Syria 315 Thailand 375 Turkey 680 Union of South Africa 1,250 United Kingdom 13,250 United States 32,000 Uruguay 355 Venezuela - --- - 355 Yugoslavia 650 Total 104,280...
Page 10 - Denmark 930 Dominican Republic 270 Ecuador 282 Egypt 783 El Salvador 260 Ethiopia 280 Finland 630 France 5,500 Germany 3,550 Greece 500 Guatemala 270 Haiti 270 Honduras- 260 Iceland 260 India 4,250 Indonesia 1,350 Iran.. 586 Iraq- -.- 310 Israel.. 295 Italy 2,050 Japan 2,750 Jordan 280 Lebanon 295 Luxembourg -- 350 Mexico... 900 Netherlands 3,000 Nicaragua 258 Norway 750 Pakistan 1,250 Panama .- 252 Paraguay 264 Peru. 425 Philippines 400 Sweden 1,250 Syria 315 Thailand 375 Turkey 680 Union of South...
Page 2 - ... been done only by a cruel and evil treatment of people, a total disregard of human rights and the use of slave or compulsory labor. Nevertheless, it has been done and that fact has had a profound influence upon the nations of Asia which covet for themselves industrial power. They feel they have not wholly achieved their independence unless, in addition to political independence, they gain a corresponding measure of industrial capacity which will free them from dependence upon their former colonial...
Page 23 - ... project. The United States and British Governments assured the Egyptian Government through Mr. Kaissouni of their support in this project, which would be of inestimable importance in the development of the Egyptian economy and in the improvement of the welfare of the Egyptian people. Such assistance would take the form of grants from the United States and the United Kingdom toward defraying foreign exchange costs of the first stages of the work. This phase, involving the Coffer Dam, foundations...

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