The President of Sierra Leone, Dr. Siaka Stevens, gave a grave warning on the third?
GV U.N. building (2 shots)
SV U.N. fals flying
CU U.N. emblem
Sierra Leone President Stevene speaks
SV U.S. and Saudi Arabian delegates (2 shots)
SV Dr. Stevens continues speech
GV PAN FROM Stevens to delegates applauding
SV Ivory Coast Freign Minister
PRESIDENT STEVENS: "If we do not give immediate attention and relief to the chaotic economic situation which exists at present in a considerable number of Third World countries, then there may be nothing to plan for, for the future, because the distinct possibility exists that when the economic position in a country gets out of hand, very serious difficulties could follow."
PRESIDENT STEVENS: "The oil-producing countries can hardly be blamed for the line of action which they have taken in the matter of price. They were not the first to use an economic weapon to further their own interests and, indeed, some of them have given assurance of aid, but the position is desperate and time is against us and I therefore take this opportunity to appeal to all the parties concerned to give this matter the priority consideration which it deserves."
MR. USHER: "Mr. President, there has been no feeling of resentment between the rich and poor countries quite as intense as there is now. The deception of the underdeveloped countries has been great and this deception will grow to reach an appalling dilemma if measures are not taken in time. A new strategy must be worked out. It must be concerned with a revision of the international exchange rates and monetary affairs. It must avoid the poor countries falling into the trap of being only the supplier and market place."
Initials BB/0114 CG/PN/BB/0131
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Background: The President of Sierra Leone, Dr. Siaka Stevens, gave a grave warning on the third day of the United Nations General Assembly special debate on raw materials and development.
President Stevens told the assembly on Thursday (11th April) that unless swift action was taken to aid most of the developing countries, their economies might be "ruined beyond repair".
President Stevens' warning was ominous:
Citing the example of his own country's iron-ore deposits, he charged that buyers had kept prices low through discriminatory pricing policies and by inducing the expansion of supply, thus maintaining a long-term situation of relative over-supply. He then spoke about the example of the oil-producing countries, and what they could do to help.
The Foreign Minister of the Ivory Coast, Arsene Assouan Usher, in his address, argued that the present session must be confined to seeking a technical solution to the oil crisis. The roots of the crisis, he said, lay in the scandalous conditions which governed the mining of resources and in the inadequacy of the total machinery governing trade, economic and monetary relations. There must be a new strategy, he said, to review international exchange rates and monetary affairs.
An English translation of Mr. Usher's French speech follows: