The_Open_Door_deel1

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1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 I977I TABLE 48 PUBLIC CAPITAL FORMATION BY SOURCE OF FINANCE 1964 - 1977 Total Capital Outlay 8.7 21.3 23*0 23.0 10.6 10.4 14.1 11.3 14.9 19.4 18.6 39.1 56.9 n.a. (in millions of U.S. Budgetary Expend. 1.2 3.3 2.0 5.0 0.5 2.6 6.8 4.8 •5.1 9.7 11.9 19.1 21 .2 22.6 i i ! Extra-Budg < Expend. i 7.5 ! 18.0 ! 19.0 ; 18.0 ; 10.1 ' 7.8 ! 7 - 3 ; 6.5 9.8 : 9.7 i 6.7 20.0 - 35.7 ; n.a. dollars) • - Extra-Budgetary Resources Loans Grants 5.0 15.0 16.8 16.2 7.3 6.8 5.7 5.0 8.2 8.2 5.1 18.0 33.7 65.0 2.5 3.0 2.3 1.8 2.8 1.0 1.6 1.5 1.6 1.5 1.6 2.0 2.0 n.a. I i I I TOTAL GRANTS 1 E I 1 I i | I 1 1 1 ! 1 1 I 12.0 12.4 13.3 13.3 11.6 9.0 10.8 13.3 11.3 11.0 12.3 11.3 16.0 16.0 VjJ Ul
Note: (1) Preliminary figures. Author's research based on - Economic Surveys, 1967-1978. -353- coincided with the start of the 1976 - 1980 Development Plan. NoteworthV are the causes of the rise in expenditures and the (relative) decrease in revenues. Increasing costs of living, caused partly by an imported inflation, in 1975/1976 caused the Government to increase the salaries of the civil service, a decision which was also influenced by the booming revenues from the iron ore sector and the Maritime Program in the preceding year. The partial substitution of an elaborate system of fringe benefits enjoyed by civil servants by raises in their salaries further contributed to an accelerated rise in personnel costs and recurrent expenditures. Large outlays on projects with a questionable priority from the point of view of development, combined with these increased personnel costs, caused the total government expenditures to double from $ 133.1 million in 1975 to $ 266.0 million in the Fiscal Year 1977/78 (See Table 49). Income from the concession sector which in 1975 still had represented 38.5 percent of domestic revenues fell to 20 percent in 1977 (see Table 36). The drop in revenues from the concession sector coincided with the steeply increased expenditures. Lack of control over both domestic revenues and expenditures subsequently resulted in yearly increasing budget deficits. The budget deficit expected for the Fiscal Year 1978/79 had reached the $ 100 million mark and was practically equal to the total annual government expenditures of less than five years before. A significant portion of the expenditures of the late 197O's was O.A.U. related. Estimates of the expenditures made in view of the hosting of the O.A.U. Summit meeting vary roughly speaking between $ 100 million and $ 200 million but is likely that the latter figure will be the more correct one. These expenditures include the costs of constructing and furnishing a Conference Center, Hotel Africa, bungalows for the African Heads of State as well as housing for their respective delegations, a new Ministry of Foreign Affairs, and the purchase of a Boeing 737 Presidential aircraft. Among the O.A.U. related expenditures on projects which the country would anyhow have needed in the long run are a new terminal building on the international airfieldj Robertsfield International Airport, the resurfacing of the 42 miles of highway between the international airport and the nation's capital, road improvements on Bushrod Island ( a suburb of Monrovia which lies on the way to the O.A.U. Conference Center in Virginia, some 24 miles from the capital). Further, a new (second) bridge across the Mesurado River, linking "Crown Hill" in Monrovia with
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VEROFFENTLICHUNGEN AUS DEM UBERSEE-
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i 1 THE OPEN DOOR POLICY OF LIBERIA
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DE.B1CA710N For £IA. Together we s
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Vll CHAPTER 3: (continued) Page The
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ix CHAPTER 9: THE FORESTRY SECTOR P
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Footnotes Annexes Bibliography Inde
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xiii National Iron Ore Company, the
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XV China at the end of the 19th cen
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xvii economically more developed co
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XIX blancs, dans le developpement d
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XXI des Liberiens de toutes les cla
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xxiii DE OPEN DEUR POLITIEK VAN LIB
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XXV deze scheiding tussen kustgebie
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personeel - niet opgewassen was en
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\ I.M.F. i \ INTRUSCO i i j I.T.C.
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xxxi LIST OF FIGURES, MAPS, CHARTS
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TABLES (continued) Page 33 Planned
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XXXV TABLES (continued) 68 Exports
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II century, notably the Open Door P
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IV earth in Liberia. It had been th
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VI Tubman was very well aware of th
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VIII MAP 1
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exporters. It has attracted more th
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XII the more so, since no comprehen
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XIV development of rural Liberia, i
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XVI Firestone's financial contribut
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XVIII officer who had served in Lib
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XX Chapter 11 pays attention to one
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CHAPTER 1 THE PEPPER COAST BEFORE 1
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-3- "Malagueta Coast" or "Pepper Co
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-5- embarrassment towards a (growin
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in honor of the 5th President of th
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Numerous colonists from the U.S.A.
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-11- Figure 1
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-13- The'vicious circle started wit
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-15- the other - to the disadvantag
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-17- Of the colonists notably the A
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-19- The closing of the Door: The E
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-21- Consequently, both tribal peop
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The Roye Administration -23- The te
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-25- He also wanted the general edu
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-27- territory Liberia claimed by E
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m -29- The commission created in 18
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-31- re-activating the first conces
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-33- European. Its expense paid Ly
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-35- Treasury and an unfavourable e
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-37- their salaries. The resulting
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-39- Therefore President Howard of
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j -41- :j % One of the recommendati
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-43- twentieth century the Presiden
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-45- The British and French absence
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-47- In December 1923 the first mis
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-49- and he proposed the constructi
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-51- itself, upon acceptance of the
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-53- equal to 4 per cent of the cou
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-55- between the U.S.A. and Liberia
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-57- Government of Liberia agreed w
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-59- The expansion of the governmen
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-61- Another disagreement arose ove
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] -63- J Notes: ? : :i (1) Fireston
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-65- question had never been adequa
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-67- had varied from $ 8 million to
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-69- In order to protect the new co
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-71- capacity of 55,000 tyres, requ
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J -73j :i quantities of dry rubber
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-75- The charge of 3.44 cents per p
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-77- Finance in the 1970's, but owi
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-79- Planting Agreement was in Akro
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-81- on the basis of competitive pr
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-83- with the 7iresione Plantation
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-85- 1. Organization of a national
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-87- However, before he could reali
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-89- operation of the plantation. T
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j -91- i have taxed the portion of
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-93- in 1947, but also entrusted hi
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-95- company's main interest is no
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-97- poration for the period 1963 -
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-99- TABLE 4 LIBERIA COMPANY'S DIVI
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-101- 6 cents per acre had to be pa
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The Port near Greenville -103- Afte
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-105- rubber. Little is known of th
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-107- the management of the company
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j -109- } S taxes or imposts of any
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-111- The concession agreement, wit
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-113- concluded with other foreign
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-115- which is owned by a political
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-117- owners of the concession. The
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-119- eleven persons were: Vice-Pre
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-121- tain rights in cooperation wi
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-123- It is significant that despit
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-125- scribed above., providing suc
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-127- materials, the rights of the
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-129- the possibilities offered by
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I -131- sion, and sales to affiliat
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-133- concession area of 100,000 ac
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-135- such payments out of profit,"
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-137- tually all of these companies
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-139- The 1898 concession agreement
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-141- Normann, from England, which
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-143- to the English "Providence Mi
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-145- the company had in previous y
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-147- of "Globex Minerals (inc.)",
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-149- the excess acreage (38) does
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-151- old Tchien and Gbaepo Distric
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-153- only two of them referred to
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-155- not provide for a price of go
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-157- Meanwhile, the exploration ac
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-159- The excessively liberal terms
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-161- a concession for gold, diamon
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-163- difficulties which had to be
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-165- of 50? and which was of direc
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-167- The concessionaire became exe
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-169- These statements of the two s
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-171- Note that until i960 L.M.C.'s
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-173- salaries to ex-patriate perso
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-175- the - increased - capacity of
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-177- '••:] Sales Agreement bet
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-179- On January 3, 1963 a Memorand
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-181- L.M.C. would have acted in co
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-183- area described as the Bea Mou
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-185- Agreement signed by represent
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-187- geologists, economists and la
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CHRONOLOGY SUMMARIZED HISTORY OF L.
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-191- N.I.O.C. dated January 1, 196
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Year 1962 1963 1964 1965 1966 1967
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-195- for further details of the 19
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-197- soon demonstrated by the call
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-199- of 3.2 million long tons in a
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-201- TABLE 10 FINANCIAL OBLIGATION
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-203- achievements were made in spi
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-205- After the change of the name
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-207- to concentrate on the new fin
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-209- one steel factory, in the cou
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-211- The Liberian Government owns
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-213- 1952, legal ownership of abou
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-215- Th is second part of the conc
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-217- one of its sixteen Swedish su
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-219- For these services G.I.M. is
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-221- Prior to 1974 fifty per cent
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-223- depreciation of (capital) equ
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-225- of the revision of the 1960 M
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i -227- 3 prescribing such a review
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-229- But now, having accepted bein
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-231- As a result of this review in
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-233- TABLE 14 FINANCIAL COSTS OF C
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DELIMCO/B.M.C. -235- Long-standing
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-237- equity participation (unlike
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Year 1965 1966 1967 1968 1969 1970
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-241- these funds to B.M.C. in the
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-243- negotiations which were held
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-245- S ources: - "Technical Inform
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-247- Prices of sales to affiliated
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S ource: -249- TABLE 17 INVESTMENTS
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-251- due time a mining concession
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-253- The 1967 concession agreement
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-255- Changes of the concession agr
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-257- Some reasons why the Wologisi
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-259- CHAPTER 9 THE FORESTRY SECTOR
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-261- Surveys of Liberia's Forest P
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-263- (see below) repealed the port
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-265- were authorized to issue perm
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-267- TABLE 18 LIBERIA'S NATIONAL F
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-269- The Forestry Development Auth
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-271- TABLE 19 TIMBER CONCESSIONS G
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-273- TABLE 20 PRODUCTION OF TIMBER
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-275- Souree: - Annual Report, Depa
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-277- Attempts To Establish A Natio
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YEAR 1967 1968 1969 1970 1971 1972
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-281- As a consequence the export v
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-283- December 31, 1977 Liberia lev
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Botanical Name Category 1 Ent, cyli
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-287- these 33 companies; year of s
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-289- were also the principal share
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-291- alleged corruption involving
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-293- It is important to note here
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CHAPTER 10 -295- FISCAL PERFORMANCE
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-297- expenditures in the period pr
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-299- In these years the debt servi
Page 359 and 360: -301- TABLE 28-A COMPARATIVE STATEM
Page 361 and 362: -303- the second half of the 1930's
Page 363 and 364: -305- first to benefit from this U.
Page 365 and 366: M -307- •' \ •:i TABLE 30 fSS]
Page 367 and 368: -309- Government Revenues 1941 - 19
Page 369 and 370: TABLE 31-B MAIN SOURCES OF DOMESTIC
Page 371 and 372: -313- situation renders the Treasur
Page 373 and 374: -315- The trend of public expenditu
Page 375 and 376: -317- •• \ During the 1950 's t
Page 377 and 378: -319- $ 117 million were due for re
Page 379 and 380: -321- In 1943 Liberia and the U.S.A
Page 381 and 382: Sector -323- TABLE 33 PLANNED EXPEN
Page 383 and 384: Type of Assistance I. Economic Asst
Page 385 and 386: THE 1963 - 1978 PERIOD Revenue Perf
Page 387 and 388: Year 1963 1964 1965 1966 1967 1968
Page 389 and 390: Year 1963 1964 1965 1966 1967 1968
Page 391 and 392: 1963 1964 1965 1966 1967 1968 1969
Page 393 and 394: -335- of the Ministry of Finance wh
Page 395 and 396: -337- Development Planning and Expe
Page 397 and 398: 1.1 Agriculture 2.1 Rural Roads 2.2
Page 399 and 400: -341- The Plan which was approved b
Page 401 and 402: -343- "Uhile the performance of the
Page 403 and 404: -345- TABLE 43 PLANNED DEVELOPMENT
Page 405 and 406: -347- The unenvisaged expenditures
Page 407 and 408: -349- Under the revised Plan total
Page 409: 1964 1965 1966 1967 1968 1969 1970
Page 413 and 414: -355- Bushrod Island; a new bridge
Page 415 and 416: -357- TABLE 51 U.H. ASSISTANCE TO L
Page 417 and 418: -359- happened in a haphazard way.
Page 419 and 420: -361- The (investment) activities o
Page 421 and 422: -363- '••] the most organized a
Page 423 and 424: -365- exploited this situation by s
Page 425 and 426: -367- all offered staff positions o
Page 427 and 428: -369- allied to the Tolbert clan bu
Page 429 and 430: -371- history, secrets and traditio
Page 431 and 432: -373- At the time of the arrival of
Page 433 and 434: -375- The very few books which inde
Page 435 and 436: GOVERNMENT. MISSION. PRIVATE. TRIBA
Page 437 and 438: -379- TABLE 54 1962 POPULATION AND
Page 439 and 440: -381- about 19,000 were between 5 a
Page 441 and 442: -383- Liberia College in 1862. Elem
Page 443 and 444: -385- mark of 70$. This shocking an
Page 445 and 446: -387- The 1978 National Education S
Page 447 and 448: -389- TABLE 58-B SCHOOL ATTENDING P
Page 449 and 450: -391- TABLE 60 A. NUMBER OF STUDENT
Page 451 and 452: -393- It seems likely that the rela
Page 453 and 454: -395- Author's research based on th
Page 455 and 456: CHAPTER 12 -397- TRANSPORTATION AND
Page 457 and 458: -399- It thus facilitated the immed
Page 459 and 460: -401- how many people were employed
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GEOGRAPHICAL DISTRIBUTION OF COUNTY
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-405- in Liberia was owned, finance
Page 465 and 466:
-407- TABLE 65 ABSOLUTE AND RELATIV
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-409- were politically well covered
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-411- railroad which, with the exce
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-413- the concession sector (LAMCO)
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-415- 5 seater twin-engined Cessna
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-417- Besides, this segment of the
Page 477 and 478:
-419- The telecommunication relay s
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-421- with Germany and hence affect
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-423- :: The 1960 - 1979 Period j F
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-425- with Sierra Leone is less tha
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-427- alarming (see Chapter 10), th
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-429- structural changes and the de
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-431- from roughly one third in 197
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-433- by Fouad Khalifa, a Lebanese,
Page 493 and 494:
-435- The Government indebted itsel
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-437- a very large part of G.D.P. i
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-439- to the distribution of power,
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-441- heard. As early as 1830, but
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-U3- was wrongly thought in those d
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-445- 1962. In the 1950's the triba
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-447- Tubman Estate (66). Interesti
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-449- National Legislature, This de
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-451- The creation of state owned c
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-453- respect to foreign concession
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-455- II. The Government of Liberia
Page 515 and 516:
-457- Most notable among these clau
Page 517 and 518:
-459- ADDENDUM On April 12, 1980, a
Page 519:
ISBN 3-88299-040-6 ISSN 0344-4317
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