Industrial projects approved and ECA-financed costs as of June 30, 1951—Con. [In thousands of dollars] 'Power facilities: Isefjordsvaerket (1 FV) Kynby, Denmark (60,000-kilowatts thermal) USINOR (Union Sidérurgique du Nord de la France) Montatire and 10,000 2,200 Société Lorraine des Aciéries de Rombas, Rombas, France. Ste. Anonyme des Forges et Aciéries de Dilling at Dilligen (Saar). Aluminum... Etablissements Charles Coquillard, Froges, France. SOLLAC (Société Lorraine de Laminage Continu), Hayange and Société des Tréfileries et Laminoirs du Havre, Rugles, France. Petroleum Refining... Standard Francaise des Pétroles (SFP), Port Jerome, France. Socony-Vacuum Française, Notre Dame de Gravenchon, France. Standard Française des Pétroles (SFR), Port Jerome, France. Automotive Products.. Potash mining: Mines Domaniales de Potasse d'Alsace, Alsace, France.. Oil drilling.. Raw materials extraction----- Iron-ore mining: SECM (Société Pour l'Etude du Chargement Mécanique), Société d'Etudes et de Recherches Petrolieres, Middle Alsace, France. 455 200 Regie Autonome des Pétroles, Region North of St. Marcet, France. Power facilities. Transportation, communication, and utilities.. Boiler equipment for steam-100,000 kilowatt steam electric units at 100,000 kw. thermal plant for Charbonnages de France, Déchy, France.. Communications: French Ministry of Posts, Telegraphs, and Telephones.. ·Industrial projects approved and ECA-financed costs as of June 30, 1951-Con. Société Nationale de Constructions Aeronautiques du Sud-EST (S. N. Other, irrigation and reclamation: Extension, Office du Niger Irrigation Glass: Glaswerke Ruhr A. G., Essen-Karnap, Germany.. 2,049 Petroleum refining: Gerwerkschaft, Erdoel-Raffinerie Emsland, Lingen, 1,837 GREECE Total industrial projects approved. Manufacturing.. Cement: General Cement Co., S. A. Piraeus, Greece. Glass: Hellenic Chemical Products & Fertilizer Co., Athens, Greece... Raw materials extraction: Coal mining: Lignite production in Aliveri and Transportation, communications and utilities... Power facilities: Athens Piraeus Electric Co., Ltd., Athens-Piraeus area, Greece. Electric transmission, transformation, and distribution out of thermal Electric transmission, transformation, and distribution out of Agra 5,000-kilowatt hydroelectric plant at Louros for Greek Government Engineering and technical studies: Owner/engineer services to Greek Gov- ICELAND Total industrial projects approved. Manufacturing.... 4,660 2, 580 Fertilizer: Nitrogenous fertilizer plant near Reykjakiv for the Govern- Industrial projects approved and ECA-financed costs as of June 30, 1951-Con. Fiat, Turin, Italy.. ILVA (Alti Forni e Acciaierie d'Italia) Bagnoli and Piombino, Italy. Acciaierie e Ferriere Lombarde Falck, Milan, Italy. Cogne, S. P. A., Aosta Valley, Italy. SISMA, Villadossola, Italy. FERROTUBI (Già F. I. T.), Milan, Italy. ILSSA-Viola, Pont St. Martin, Aosta Valley, Italy. TERNI-Società per l'Elettricita, Terni, Italy. Cantieri Metallurgici Italiani (Falck), Castellammare di Stabia, Italy. Bearings and other products: Riv Officine di Villar Perosa, Turin and Villar 69, 379 23, 052 Società Edison, Genoa, Italy (50,000-kilowatt thermal). Società Generale Elettricità della Sicilia, Palermo, Sicily (60,000-kilowatt Società Termoelettrica, Venice, Italy (50,000-kilowatt thermal) 111, 073 67, 167 105, 613 62, 667 Azienda Elettrica Municipale di Torino (A. E. M.) Turin, Italy (30,000- Società Meridionale di Elettricità, Naples, Italy (30,000-kilowatt thermal) Società Meridionale di Elettricità, Naples, Italy (60,000-kilowatt thermal). Società Idroelettrica Piemonte (SIP) near Turin (50,000-kilowatt thermal). Coal mining: Società Mineraria Carbonifera Sarda, Rome, Italy (Sulcis Steel: Royal Dutch Blast Furnace and Steel Co., Ijmulden, Netherlands.. Transportation, communication, and utilities.. Power facilities: Noord-Brabrant (Provinciale Noord-brabantsche Electriciteitmaatschappij) Geertruidenberg, Noord-Brabant, Netherlands (124,000 kilowatts thermal). 20,980 3,372 87360-51- -40 ·Industrial projects approved and ECA-financed costs as of June 30, 1951-Con. Paper: Wood pulp and paper mill at Cacia for Companhia Portuguesa de Steel: Steel tube mill at S. Joao da Madeira for A. J. Oliveira Filhos & Co., Transportation, communications, and utilities... 2, 332 1,737 Air transport: Airport equipment for Portuguese overseas territories. Merchant and fishing vessels: Equipment for hospital tender for Portuguese fishing fleet.. Other 15,000 2, 100 Irrigation and reclamation: Irrigation and power development in the Sorraia Meat packing and storage: Meat packing and cold storage equipment in various plants, for the Government of Turkey.. Air transport: Equipment for airport construction for the Turkish Government... Railroads and equipment, Republic of Turkey, Zonguldak). Roads and miscellaneous transportation facilities: Republic of Turkey (national highway system). Waterways and harbors... 16, 310 5, 324 Republic of Turkey (harbor improvement at Zonguldak). Engineering and technical studies: Republic of Turkey (technical services to be provided in conjunction with industrial projects approved).... Industrial projects approved and ECA-financed costs as of June 30, 1951—Con. Chemicals: British Petroleum Chemicals, Ltd., Grangemouth, England. LOANS AND GRANTS, DURING FISCAL 1950 AND 1951, FROM THE OVERSEAS DEVELOPMENT FUND IN SUPPORT OF PROGRAMS AND PROJECTS IN THE DEPENDENT OVERSEAS TERRITORIES Dollar reserves acquired through exports from individual overseas territories do not normally accrue directly to those territories but are absorbed into the general dollar reserves of the commonwealth, with control of their use resting principally in the metropolitan government concerned. Generally speaking, therefore, countries which, in view of their over-all balance-of-payments position, have received ECA aid principally on a loan basis (i. e., Belgium, Portugal), have also received on a loan basis aid made available for purposes of basic economic development in their overseas territories. Similarly, countries which, in view of their balance-of-payments position, have received ECA aid principally on a grant basis (i. e., France, United Kingdom, the Netherlands), have also been given grant aid in support of carefully selected overseas development projects. Such assistance, during fiscal 1951, has been considered part of the total made available to any country on balance-of-payments grounds. A special case has been that of the United Kingdom during the latter half of fiscal 1951. When regular ECA program aid to the United Kingdom, involving very large grant allotments, was suspended as of January 1, 1951, it was agreed and announced that limited aid from the special ECA funds for overseas development and technical assistance, which had previously been made available on a grant basis, would be continued during the balance of the fiscal year. Nearly all of the projects receiving aid from the ECA overseas development fund are not of a directly self-liquidating type; they are of a public-service character, calculated to pave the way for increased subsequent productivity in the areas, with private investment playing the predominant role. Aid to governments in support of such non-revenue-producing public-service projects has involved both grant and loan aid. (Assistance to private firms and, |