Reel 17427 - Page 1686

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Title

Reel 17427 - Page 1686

Description

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Needs Review: No
OCR Confidence: 0%
Character Count: 2124
Word Count: 359

Source

https://image-uab.canadiana.ca/iiif/2/69429%2Fc0pk06z25k3h/full/max/0/default.jpg

Date

1941/1945

Rights

Public Domain

Format

image/jpeg

Language

fra

Text Item Type Metadata

Text

# Dast (DROOVE)

Vichy (COLONIES)
July 1944
FRT
$11175-11176$
(2 parts complete)

## GIST

Pursuant to my telegram no 2749 of 22 Apr114: We have now a concrete case of the applications of the decree of 27 December 1943, which authorizes the granting of loans to industrial enterprises. It concerns the COMPAGNIE (YMINIENEY) DES ETAINS D'EXTREME ORIENT (ETEXO), which has been hard hit by the stoppage of exports of tin ores, which had amounted to 446 tons in 1942 and 320 in 1943. Present sales being confined to the home market only, whose needs are estimated 15250 tons, the ore has been divided between the two exploiting companies located in Laos, ETEXO and SEEMI (SOCIETE D'ETUDES ET D'EXPLOITATIONS MINIERES D'INDOCNINE). However ETEXO, the management of which has not always been very smoothrunning and --3N-- adequate level, is particularly (Ybeset with?) difficulties, facing as it does a shrinking of the market down to apoint below a subsistence minimum; and it is certain that this breakdown will force it to close one of its two operating-centers, that of NURGSON, if it continues to be held down to its own resources alone.

I believe it essential to prevent such a stoppage, as it might be interpreted as a withdrawal of our influence; and it would be the more regrettable in that the company has on hand rather large amounts of stocks of concentrates sufficient to provide security for financial aid. The situation which has been investigated by the office of the InspectorGeneral of Kines at my request, has justified my granting a loan of 187,000 plasters on a basis of 1700 plasters per ton of concentrates.

A contract is being drawn up, but, in view of the urgency of it, the Bank of Indocnina consents to advance a loan to ETEXO without waiting for formalities. The loan is for 90,000 plasters, underwritten by the government-general and guaranteed in the same way as for a commercial transaction.

In order to put this into proper form I am addressing to you the following proposed ordinance, which may serve to fit the terms generally applicable for loans on stocks of ore .... ${ }^{2}$
(continued)