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the expansion and modernization of the company's diversified manufacturing operations, including pulp, lumber, heavy machinery, and shipbuilding. The total cost of the projects for which investment commitments were made during the period under review is estimated at the equivalent of approximately $23 million.

During the calendar year 1960, the Corporation made 13 investments in the total equivalent of $18.6 million, an increase of $8.4 million over the level of the previous year. Industrial enterprises were the chief recipients of the Corporation's investments. Staff members of the Corporation continued to visit member countries to examine projects or to discuss IFC policies with potential investors. As indicated in table 7, through December 31, 1960, the Corporation made 36 investments in the net equivalent of $45 million in 17 member countries. Over 75 percent of these investments were made in nine countries in Latin America. Disbursements amounted to $29.3 million, or over 65 percent of total commitments.

TABLE 7.-International Finance Corporation investment commitments1 and disbursements, through Dec. 31, 1960 [Amounts expressed in millions of U.S. dollars]

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Commitments' Disbursements

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The U.S. Director of the International Finance Corporation, or his Alternate, acting on the advice of the National Advisory Council, supported the decisions taken with respect to the foregoing matters.

THE INTERNATIONAL LABOR ORGANIZATION

53. FORTY-FOURTH SESSION OF THE INTERNATIONAL LABOR CONFERENCE, GENEVA, JUNE 1-23, 1960: Introduction to the Report of the U.S. Government Delegation (Excerpts)1

The 44th Session of the International Labor Organization was held during a period of tension and uncertainty in international affairs caused in part by the collapse of the Paris Summit Conference,2 in part by the breaking up in deadlock of the Geneva Disarmament Conference. It was high-lighted by the admission of three new Member States, the adoption of a Convention on the protection of workers against ionizing radiations, a report and general debate on "Youth and Work," 5 and the establishment of the International Institute for Labor Studies.

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The Conference was attended by over 900 delegates, advisers, and observers from 78 Member countries and 17 territories. Three new countries, the Republic of Cameroun, the Federation of Mali, and the Republic of Togo, were admitted to ILO membership. Each member of the ILO is entitled to four delegates to the Conference, two representing the Government, one the Workers, and one the Employers.

1 Report of the United States Government Delegates to a Meeting of the International Labor Organization: The Forty-fourth Session of the International Labor Conference, Geneva, Switzerland, June 1-23, 1960 (Washington: Department of Labor, undated), pp. 1–2.

2 See post, docs. 186 et seq.

3 See post, docs. 335–336.

Text in International Labour Conference, Forty-fourth Session, Geneva, 1960: Record of Proceedings (Geneva, ILO, 1961), pp. 746-752. The convention (ILO No. 115) was adopted unanimously.

5 See ibid., pp. 382-383, 577, and 581–582. The text of the resolution adopted on this subject June 17, 1960, appears ibid., pp. 733–734.

"Established by a resolution of the Governing Body of the ILO, Mar. 1, 1960; see ibid., pp. 19-22.

As of the opening of the 44th session of the ILC there were 83 members of the ILO-i.e., all of the countries listed in the table annexed below not designated with an asterisk, plus the Republic of Cameroun, the Federation of Mali, and the Republic of Togo. Of the 83 members, 5 were not represented-Cuba, Haiti, Iceland, Jordan, and Paraguay.

The 17 "territories," represented by observers, were the Central African Republic, the Republic of Chad, the Republic of Congo (Brazzaville), the Re

These tripartite delegations may be accompanied by advisers for the technical items on the agenda.

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The 44th Session convened on June 1 and adjourned on June 23, after giving final consideration to two technical matters (protection against ionizing radiations and consultation and collaboration between public authorities and employers' and workers' organizations at the industrial and national level). A Convention and two Recommendations were adopted concerning the former item; a Recommendation was adopted concerning the latter.10 In addition, two technical items (reduction of hours of work and workers' housing) were discussed and carried forward for final consideration at the 45th Conference.11 There was a general discussion of the contribution of the ILO to the raising of incomes and living conditions in rural communities, with particular reference to countries in process of development.12 A budget of $9,857,110 for 1961 was approved; 13 this compares with a 1960 budget of approximately $9.6 million. The triennial elections to the Governing Body of the International Labor Office were held by the Governments', Employers' and Workers' electoral colleges during the Conference 14 and elections were also held for members of the ILO Asian Advisory Committee.1

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Several Resolutions on items not on the agenda of the Conference were adopted. These Resolutions related to the role of the ILO in connection with measures for an expression of economic aid to developing countries,16 measures to protect the living and working conditions of young workers," the publication work of the ILO,18 and discrimination.19 A Resolution concerning the convocation of the Second European Conference was transmitted to the Governing Body for examination,20 and one concerning activities of the ILO on behalf

public of the Congo (Léopoldville), the Republic of Dahomey, the Gabon Republic, the Republic of Ivory Coast, the Malagasy Republic, the Islamic Republic of Mauritania, the Republic of Niger, the Federation of Nigeria, the Federation of Rhodesia and Nyasaland, Ruanda-Urundi, Sierra Leone, Somaliland, the Republic of Upper Volta, and The West Indies federation.

'The text of the convention appears in International Labour Conference, Fortyfourth Session, etc., pp. 746-752; the recommendation appears ibid., pp. 752–760; the resolution appears ibid., p. 736.

10 Text ibid., pp. 744–746.

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The Government members elected were Argentina, Bulgaria (deputy), Ceylon, Chile (deputy), Denmark, Finland (deputy), Ghana, Israel (deputy), Mexico (deputy), Morocco (deputy), the Netherlands, Pakistan (deputy), Panama, Peru (deputy), Rumania, Tunisia, the United Arab Republic (deputy), Uruguay, Venezuela, and Viet-Nam (deputy).

15 See International Labour Conference, Forty-fourth Session, etc., pp. 522 and 723-724.

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of economic and social progress facilitated by disarmament was rejected as inexpedient.21

The Conference took "no decision" regarding objections to the credentials of the Government Delegation and the Employers' Delegate of Hungary.22 This was in accordance with precedent established by the United Nations.23 No objection was raised to the credentials of the Hungarian Workers' Delegate.

The U.S. Delegation was led by Mr. George C. Lodge, Assistant Secretary of Labor for International Affairs, with Mr. Horace E. Henderson, Deputy Assistant Secretary of State for International Affairs, as the second Delegate. Alternate U.S. Government Delegate was Mr. Allen R. De Long, Special Assistant to the Secretary of Commerce. Mr. Cola G. Parker, former President of the National Association of Manufacturers, headed the Employer Delegation. Mr. Rudolph Faupl, International Representative, International Association of Machinists, led the Worker Delegation. A complete list of the Delegation is included as an appendix.2

21 See ibid., pp. 417 and 578–579.

23 See ibid., pp. 176–177.

23 See American Foreign Policy: Current Documents, 1959, pp. 115-116. 24 Not reprinted here.

ANNEX

MEMBERSHIP OF THE ILO AND CONTRIBUTIONS

(Membership as of December 31, 1960; contributions as assessed for 1961) *

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25 Table taken from Yearbook of the United Nations, 1960, pp. 606–607.

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