earners.
in the development stage and thus not yet revenue
Moreover, the development achieved by the
Corporation since 1948 has been substantial and I
believe most valuable for the countries concerned.
There has been, for example, big investment in
new manufacturing industries. There has been heavy
support for housing and, in particular, for house
purchase schemes which bring home ownership within
the reach of folk of modest means.
In the past
CDC and its Jamaican partners have rehoused some
4,500 families in schemes of this nature. In the
near future CDC will rehouse 5,000 families in the
same type of house purchase scheme on the outskirts
of Nairobi. Many of these schemes are within the
means of the better paid manual workers.
4 But it is perhaps in the field of agriculture
still so often the social and economic foundation
of developing countries
that CDC's development
achievement has been most
significant, both in
economic and human terms. This is partly because
agriculture affects the mass of the people and partly
because developing countries find it difficult to
get help for it from elsewhere. Two outstanding
features of CDC are that its money is not tied, and
that it not only invests money but
-
perhaps even more
important also manages and trains "on the job"
citizens of the countries in which it operates to
become the managers of the future. CDC still manages
much of its large agricultural investment and has
.../gained
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