ATTRACTS INTEREST
The U.S. government is making a loan of $5,500,000 to the government of British Guiana to construct a road from the former U.S. air base at Atkinson field to the bauxite-mining,.town. of McKenzie, the April. 23 issue of the British. Guiana Information Bulletin: ‘reports. ;
The. greater part of this financial aid ($4, 500, 000) is. ‘to be | spent in goods, equipment and supplies purchased | in the U.S. Only $1,000,000 will be used -for supplies purchased in British Guiana. and for wages to Guyanese workers and technicians.
Lo The- primary aim of the aid project is to help. out the Demerara: Bauxite Company, a subsidiary of the Aluminum Co. of [ALCOR]. is connected with the. Aluminum Company of America LALCOA 3 —
The loan must, of course, be paid back. And. with interest naturally. The British Guiana Mirror, commenting on Washington's generosity, noted that for the $1,000,000 to be spent domestically, the colony will have. to shell out $2,750,000 in the form of interest charges to Uncle $am before the loan as a whole is paid off.
NO