World Bank Officer Says
Friday, March 29, 1963 University Daily Kansan
Page 7
Money Needed to Cure World's Ills
By Terry Ostmever
Economy is actually at the base on all the world's problems. Thomas M. Noone Jr., information officer of the World Bank, said last night.
Noone, who spoke at the Model United Nations banquet, said there are too many countries which have
Thomas M. Noone Jr.
insufficient funds with too many demands for growth and improvement
HE SAID INDIA was a prime example, where 80 per cent of the population does not have enough to eat.
"It's stretching the imagination a long way to think people like this
AMA Estimates Arctic Rescue In Nick of Time
CHICAGO —(UPI) The American Medical Association has estimated that the survivors of a seven-week in the Canadian wilderness could not have lived more than two or three weeks longer without food.
Ralph Flores, 42. a California pilot and Helen Klaben, 21. of Brooklyn, were rescued Monday after spending seven weeks near their downed plane in Northern British Columbia.
THE TWO LIVED on two cans of fruit salad, two cans of sardines and a box of crackers for the first week. During the remaining 42 days their only intake was water.
"The length of time man can survive without food depends largely on his physical condition and the amounts of stored fats, proteins and sugars in his body," the AMA said yesterday. "But survival probably would not exceed 9 or 10 weeks."
An AMA spokesman said that when starvation begins, the body starts feeding on itself. "The first stores to be used up are the carbohydrates or sugars, but these only last a day or two. Then the body starts on its fat pools. After most of the fat is used up, which takes approximately five or six weeks, the body starts on protein. Then the muscles begin to break down.
DURING STARVATION the body metabolism, which is the rate at which the body converts food into energy, slows down. In prolonged starvation, the metabolism rate can drop 30 per cent, the spokesman said. When the body temperature is lowered the metabolism also goes down and food requirements are not so high.
Portraits of Distinction
HIXON
STUDIO
will stand by and remain in poverty." Noone said.
He said problems like these are primarily in the realm of the interest of the World Bank, and it is through human endeavor that the organization works toward improving these situations.
The World Bank began in 1946 as an international corporation open to subscription by prospective members. It was originally set up to help the nations rebuild after World War II, but since 1948 Noone said it has been concerned mainly with assisting members of subscribing countries to raise their living standards.
Bob Blank, Photographer
721 Mass. VI 3-0330
At first, the Bank was predicted to fail, Noone said. "But, nevertheless, after 18 years a very considerable amount of capital has been invested in what we think are worthwhile schemes and without any failures."
NOONE SAID the World Bank is characterized by free enterprise, capitalism, and predominately Western ideals. To date it is working on 800 projects in 60 countries with a capital of $20 million. Its membership totals 84.
He said one of these qualifications was that the Bank is not permitted to make loans to nations that are not in themselves productive.
"OUR JOB is to guide answers to these problems and at the same time maintain a balance of peace," the World Bank officer said.
NOONE SAID there are three main qualifications on which the World Bank bases its working procedure as stated in its charter.
The World Bank also cannot lend money for government owned, operated, or sponsored industrial projects. Noone said. He said this has always been a problem confronting the Bank, but because of possible political effects, it is not the practice of the World Bank.
THE THIRD qualification is of high priority, he said, because it
states that there must be a guarantee that the borrowing country will repay the debt.
Noone said there are no outside interests or influences in the World Bank.
"We are lending money from lending countries to borrowing countries strictly in the interests of the borrowing country," he said.
HE SAID THE Bank sends staff members to each country to survey the proposed project in that country. From the reports of this survey the World Bank decides whether or not to offer its assistance.
Noone said the Bank's efforts are guided to those projects of the greatest initial importance.
He said, however, the Bank does not cover the full cost of any country's project.
"WE SELDOM put up more than an exchange for what it cost to set up a project, which comes to about half the total cost." Noone said.
Noone said there are two more agencies in his organization which contribute to the aid of countries around the world, usually in some way in which the World Bank does not.
One of these is the International Finance Corporation, which promotes and establishes small private industries in member countries of the World Bank. The IFC has a capital of $100 million.
THE OTHER AGENCY is the International Development Association with a working capital of one billion dollars. This is a long term loan agency designed to assist in such tasks as closing the educational finance gap, helping countries previously ineligible for World Bank assistance, and developing world-wide municipal water systems.
The IDA does not impose any interest in its long term program until after 70 years.
NOONE SAID the problems ahead
for the World Bank are "staggering." He said obtaining the money is not a problem, but the difficulty lies in finding projects that are ready to be set up on the money that the Bank has.
PERSHING RIFLES WORK DAY
You Furnish the Job -
We Furnish the Manpower
Sat. March 30, 8-5 p.m.
He mentioned three areas, however, which cause the greatest difficulty with the World Bank—human resources, attitudes of the countries, and the ever-increasing demands.
Before Sat. call VI 3-5002 after 5.
On Sat. call VI 3-2700 ext. 339
Need Help?
CHAMPAGNE GLASSES
Call the P/R's
$ 1 $
Noone said the problem of human resources can be coped with through a special college currently at work under the World Bank which trains people from various countries in development and finance.
Peggy's Gifts
ON THE MALL SHOPPING CENTER
"We do not expect that this job will ever be accomplished within the lifetime of anyone living now," he said.
WORKING OUT the latter two difficulties will take much more time, Noone inferred.
D&G
AUTO SERVICE
VI 2-0753
½ blk. E. 12th & Hoskell
Flubber Sales Halt; Toy Called Toxic
TOPEKA — (UPI)—A toy product named "flubber" today was declared toxic by the Kansas Board of Health and prohibited from sale in the state.
Numerous cases of dermatitis in children have been investigated by state and local officials in the past three weeks, according to Evan Wright of the health board.
He said the investigations disclosed the skin rashes were the result of flubber, a plastic substance.
SOUTHSIDE TV & Appliance SERVICE Specialists on duty
VI 3-5140
DRIVE IN FACILITIES
1422 W. 23rd
PATRONIZE YOUR
• ADVERTISERS •
his... $45.
hers... $55.
formerly GUSTAFSON'S THE COLLEGE JEWELER "IT'S OK TO OWE RAY" 809 Mass.