EUROPEAN RECOVERY

Otago Daily Times, Issue 27166, 23 August 1949, Page 5

EUROPEAN RECOVERY

Colonial Territories Play Big Part NZPA—Reuter—Copyright Rec. 9 p.m. PARIS, Aug. 22. The overseas territories of the Marshall aid nations are playing a big part in rebuilding Europe’s economy, according to an interim report issued by the Overseas Territories Committee of the Organisation for European Economic Co-operation. The report lists vegetable oils and oil seeds, raw (cane) sugar, cocoa beans, cereals, tobacco, cotton, rubber, timber, coal, and iron ore as among the most important commodities helping to boost Europe’s economy. It calls for improved agricultural methods, encouragement for systems of group cultivation, and the formation of cooperative societies. The report says widespread development is especially necessary in Java, Indo-China, Hongkong, North Africa and Jamaica to give the rapidlygrowing populations a rising standard of living. The well-being of the inhabitants of the territories concerned co-operation with the metropolitan countries are the chief concerns of the colonial offices represented at OEEC.