Information Supphed by Mr Drukker
of EC.G.D
16
E.C.G.D., As normal practice, require Governm nt guarantees of
(<)
payment where, there is a real risk of Government restrictions on
payments, or
(b) in the case of a private buyer who is not credit-worthy in his
and
own right there is an obvious Government involvement in the Compnay
or Government interest in the carrying out of the project, or
(c) in the case of a State trading system, the organisation cannot
stand on its own feet financially. The following are some examples
where E.C.G.D. have asked for and obtained such guarantees:-
(I). From the Government of Kenya, Tangania and Uganda in respect
of purchases by the East African Airways Corporation.
(2). From many Governments in respect of purchases by their
respective state airlines, e.g. L.A. N. of Chile.
(3). From the Argentine Government in respect of the El Cadillal
Hydro-Electric project directed by the Provincial Government
of Tucuman.
(4)
Plan organisation of the Government of Iran in respect of
the scheme being carried out by the Khuzistan Water & Power
Authority.
Mr. Gammara
5 Atained the above information
with the
intention of telegraphing it to Hang Köng
on support of
request at fara se 9 (14)
minute at (10) refers.
x of
Sue A. Snelling's
2. Although (6)
Covers
12
Hong Koną case,
ECGD
produce any examples of quarantees being demande.d
in this category.
effectiveness vs.
The information thereby loses much
in Hong Kong
-
cannot
dolamed
of its
and with Sur A. Galsworthy's