f'LL'MHXT 1). Johnston, chairman of the hoard of the l'. S. Chamber of Com t”■ *rco, has reported to a special Senate co-nmltteo investigating foreign aid. John ston has visited and studied the l’. S. aid ! rogram in Vietnam, Thailand, Cambodia, Laos, Burma and Indonesia. Hr undertook the study at the request of the committee and his report was released 11\ the committee. The highlights of John ston's report was an estimate that this -country is wasting at least twenty million dollars a month by supporting the curren cies of Vietnam, Laos and Cambodia at the arbitrary rate of 85 piastres, or other cur rency. to the dollar. Johnston says the free market rate is 75 piastres and the black market rate from loo to 120. He noted that some of these na tions are using U. S. funds to build and equip armed forces whose officers and men think in terms of ancient hostilities and rivalries. Johnston -ays the Southeast Asia Treaty Organization (SEATO). with its implied promise of unlimited American support against Oommuni.dt agression, should be ■the basic support of the military forces of ( antbodia. Laos, Thailand, South Vietnam .aml -other Asian countries. He believes the military forces of these countries are larg er than is necessary to maintain internal security.
61.5%Tuesday, April 9, 1957 — The Farmville herald and farmer-leader · Page 4
Foriegn Aid to Asia
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“f'LL'MHXT 1). Johnston, chairman of the hoard of the.” Farmville Herald, April 1957.
“f'LL'MHXT 1). Johnston, chairman of the hoard of the.” Farmville Herald, Apr 1957.
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