Word: important
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...past few years the Cuban sugar surplus has dropped from 2,000,000 to less than 1,000,000 tons, and production has gone down in many sugar-producing countries. In a move to check the price rise, the Department of Agriculture last week increased the 1956 import quota for the eighth time this year...
...from coal to soap (see FOREIGN NEWS). Britain, which announced that official gas rationing will start in two weeks, is little better off. Estimates are that oil reserves will last through January. Then Britain will have to reduce consumption 25% or more, depending on how much oil it can import from...
...TJ.S. CATTLE SALE is being negotiated with Mexican buyers to give cash relief to drought-hit U.S. ranchers. Mexico got $5,000,000 loan from U.S. Export-Import Bank to buy about 40,000 beef and dairy cattle. Two buying teams from south of border are touring Texas...
...President Rojas is permanently to solve Colombia's critical problems, he must first develop a long-range policy for freeing the economy from its exclusive dependence on coffee. Because of this pernicious one-crop system, Colombia has been forced to import chocolate for home consumption, despite the fact that she was once the world's leading producer of cacao. Though she has at Medellin one of the world's most efficient textile mills, Colombia does not raise enough cotton for her own needs. Despite a 95 million dollar loan from the World Bank for highway and railroad construction, she still...
...Mexico loan, $23,260,000, was the last installment of a $150 million credit earmarked for Mexico by the Export-Import Bank in 1950 to cover a variety of projects. One of the Mexican railroad systems' biggest problems is a lack of engines to haul its rolling stock, so about half the money will be used to buy diesel locomotives, both road and switcher types. Most of the remaining cash will be spent on rails, switches, communication equipment and electrical supplies...