OCR Text |
Show Colombo Plan Aids Southeast Asians Tomorrow's standard of living may be better for one-quarter of mankind because of an economic bootstrap called the Colombo Plan. This six-year blueprint for development de-velopment of South and Southeast Asia, sponsored by the British Commonwealth, went into action to lift the well-being of 570,000,-000 570,000,-000 people. Its $5,230,400,000 budget budg-et covers objectives from a dam the size of Hoover Dam to be built in northern India, to free public schools for the children of Singapore. Singa-pore. India, Pakistan, Ceylon, the Federation of Malaya, Singapore, North Borneo, Sarawak and Brunei will spend this money between be-tween now and 1957 under the plan, which was drawn up by an international consultative committee commit-tee meeting in Colombo, Ceylon, in Sydney, Australia, and in London Lon-don during 1950. Burma, Thailand, Indonesia and Indochina have been invited to take part in the program |