Word: nde
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Clearly having the time of their lives last week were Bolivia's President René Barrientos and Peru's President Fernando Belaúnde Terry. Barrientos and Belaúnde were on a three-day inspection of the Peruvian link of Belaúnde's proposed marginal road, a 4,300-mile highway that will open up thousands of acres of isolated Andes back country, and follow the mountains from Venezuela down through Colombia, Ecuador, Peru, Bolivia, linking up with highway systems in Paraguay, Argentina and Brazil...
...with Frei, was joined by Venezuela's President Raúl Leoni, Ecuador's former President Galo Plaza Lasso, who substituted for Ecuador's Interim President Clemente Yerovi Indaburu, and Peru's former Premier Fernando Schwalb, who was filling in for President Fernando Belaúnde Terry. Among the balls, banquets and other ceremonial gatherings, the five met to discuss mutual economic and industrial development and the problems of the ailing Latin American Free Trade Association (LAFTA). A LAFTA ministerial meeting is scheduled for Montevideo next December, and the five nations gathered in Bogot...
Death Confirmed. Lord Malcolm Douglas-Hamilton, 54, third son of the 13th Duke of Hamilton, a World War II R.A.F. group captain credited with discovering the German V-2 base at Peenemünde who later moved to the U.S. to run an aircraft supply business, then disappeared in Africa in July 1964, while delivering a twin-engined Beechcraft to the Congo; when a native came across the wreckage 9,000 ft. up Cameroon Mountain, just south of Nigeria, and the British Foreign Office reported identifying the body...
Opening the Andes. Such windfalls would not have been enough if President Fernando Belaúnde Terry, 53, had not known what to do with them. What he did, working with an alltime-high G.N.P., which is now running at a $45 billion rate, was to spread the profits. Among other things, he went in for road building, so far has committed $665 million to projects ranging from highways around Lima to a 3,500-mile stretch that will presumably open up the Andes' sparsely settled eastern slopes to farming and light industry. So far this year Peru...
Belaúnde has also resisted political pressures to nationalize the U.S.-owned International Petroleum Co. (TIME, Nov. 8, 1963), has created a climate that makes investment thrive. Along the new highways around Lima, small but modern plants are producing everything from TV sets to tobacco products. Cashing in on consumer prosperity, Sears, Roebuck will soon open its third store in Lima, and has plans for two more next year. Until March 1965, Peru imported all its autos; it now has five assembly plants, will get eight more from French, German, Swedish and Japanese automakers next year. Says General Motors...