Word: videla
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Dates: during 1940-1949
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...already brought a $32.5 million-loss in this year's foreign exchange budget. The production cut also meant a fall of 1.8 billion pesos in the taxes that Chile collects on mine operations. "If this situation had presented itself in 1952 instead of 1949," sighed President Gabriel Gonzalez Videla, "it would have been of no importance." But at a time when Chile's industrial development program (TIME, May 30) was still far from paying its own way, it was as important as life's blood...
Long-distance Call. González Videla put in a call to Manhattan, where Economics Minister Alberto Baltra, after attending a U.N. economic conference in Havana, was waiting to ship out for home. Acting on instructions, Baltra this week asked President Harry Truman to do what he could to scotch revival of the copper tariff. He also asked for a U.S. loan of $45 million for foreign exchange...
...make up for the drop in peso income, Gonzalez Videla was ready to ask Chile's Congress for permission to issue new paper money. With part of the money, backed by government-supported bonds, idle copper hands would be employed on public works projects...
Three weeks ago, Chile's wide-awake President Gabriel Gonzalez Videla announced that his government welcomed Harry Truman's plan. He began holding daily cabinet sessions on the subject, and told Under Secretary of Economy and Commerce Raul Fernandez to draw up a brochure for presentation to the State Department early in March. It will list the industries Chile hopes to establish, specify which parts of the country are best suited to each, and how much of what type of capital each will require...
...trains from the capital's hot streets to beaches, lakes, mountains. In buses chartered by sports clubs, other sweating thousands rattled off for a day's dip in the chill Pacific, just two hours away at San Antonio. The luckiest Chileans, including President Gabriel González Videla, lolled in the luxury of Vina del Mar, where they improved their tans on white crescent beaches, on yacht decks, or on the balconies of flower-girt villas...