Word: ceylonization
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...these countries protested because common market plans to eliminate tariffs on imports from its own members' overseas territories, but maintain steep tariffs on other imports. Thus, French and Belgian territories in Africa would get much of the brisk European tea, coffee and cocoa trade now dominated by India, Ceylon, Indonesia, Brazil, Ghana...
CYRIL GARDINER Colombo, Ceylon...
...case of trouble in the Far East, Kenya-based troops will be flown 4,500 miles to Singapore, where equipment will be stockpiled as at Aden. With landing rights in India ended and those in Ceylon scheduled to go in two years, a new refueling base is under construction at Gan in the Maldive Islands. As the R.A.F.'s Transport Command beefs up with new turboprop Bristol Britannias, Britain's scattered garrisons will be stripped and more men concentrated in Kenya...
...caused not by a rise in birth rates but by a drastic fall in death rates. Its most worrisome aspect is that the increase has occurred primarily in underdeveloped countries where U.S. and U.N. public health programs have warred on such diseases as malaria, endemic syphilis and yaws. In Ceylon, for example, the death rate has tumbled 34% in one year, 70% in ten years. Populations promptly shot up, since birth rates in most of these nations remain at their traditionally high level...
...Ceylon's Chelliah Loganathan, head of his country's Central Bank, urged each underdeveloped country to establish its own Development Savings Bank. Depositors would be encouraged to save by making the money they put in the bank exempt from income taxes. But if such voluntary funds were inadequate, deductions would be made from payrolls in return for stock in new enterprises. In effect, the development bank would operate like an investment trust in the U.S., diffusing stock ownership over the maximum number of depositors and eliminating the risk of a bad investment that might wipe out a single...