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-110-<br />

cessions to a Spanish national, Juan Jesus Ramos Gonzales. One concession<br />

concerned the start of "a plantation of products and crops<br />

produceable in Liberia", for which purpose a company, Juan Jesus<br />

Ramos Associates Plantations, was created. <strong>The</strong> second concession<br />

gave the same Juan Jesus Ramos Gonzales the right to build a<br />

Refrigeration Plant within the area of the city of Monrovia, for<br />

which another company was created, the "Compania Hispano<br />

Liberiana" (50). <strong>The</strong> Juan Jesus Ramos Associates Plantations, was<br />

granted a 80-year concession on 100,000 acres of land outside<br />

Montserrado County. Rentals charged, privileges granted, and<br />

obligations accepted were virtually the usual ones or similar to<br />

those agreed upon with <strong>The</strong> Liberia Company and LeTourneau of<br />

Liberia.<br />

<strong>The</strong> scope of the new company, however, would have been limited to<br />

agricultural activities, plantation development and livestock<br />

breeding, but included also the right to fell trees, provided they<br />

were needed for to the development of a plantation. A rather<br />

unusual right was granted when it was agreed that the company<br />

could divert the course of any waterway within nearest distance of<br />

its operations for the purpose of supplying its factories and of<br />

facilitating the transportation to or from the factories of logs<br />

or any other forestal or agricultural products (51). No fee or<br />

compensation for damages, no consultation with or approval from<br />

the Government of Liberia or from the inhabitants of the area<br />

concerned was required. After the expiration of a 5 year tax<br />

holiday, the company's tax liability was agreed to be limited to<br />

a maximum of 14? of net profits.<br />

This Agreement between the Government of Liberia and Juan Jesus<br />

Ramos Gonzales was approved by the Liberian Legislature on May 30,<br />

1952. Only this Act is left as an evidence of the fact that both<br />

parties once decided to start this undertaking. Nothing is known<br />

about the real investors, whether they ever took any action, when<br />

or why it was decided not to proceed with the undertaking.<br />

THE LIBERIAN OPERATIONS INC.<br />

After having tried unsuccessfully to diversify the country's<br />

agricultural, export-oriented output with the participation of<br />

foreign investors, the Government in 1960 initiated the largescale<br />

cultivation of oil palms. With the aid of the "Institut de<br />

Recherches pour les Huiles et Oleagineux" (IRHO) it started a<br />

small experimental oil palm plantation in New Cess, Grand Bassa<br />

County, but some years later the Government decided to discontinue<br />

these experimental operations as one of the measures taken to<br />

solve the financial crisis of the early sixties. However, as a<br />

foreign investor had become interested in the project and its<br />

possibilities, a concession was granted on December 14, 1965 to<br />

Tidewater Oil Company, a wholly owned subsidiary of the Getty Oil<br />

Company, under which the Government was paid $ 125,000 for the<br />

assets of the oil palm plantation. <strong>The</strong> agreement was approved by<br />

the National Legislature on April 14, 1966 (the "effective date"<br />

of the agreement).

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