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...India offered only $24.67 a ton for the cement, which Burma had bartered from Russia, Czechoslovakia and East Germany at the exchange rate of $29.12 a ton. India was not trying to pull a fast one: New Delhi said its bid was based on cement prices quoted to it directly by the Soviet Union. In its headlong rush to woo, Russia had been willing to sell more cheaply to India than to Burma, a country which in the Communist scale of things is not as important...

Author: /time Magazine | Title: BURMA: Expensive Lesson | 6/25/1956 | See Source »

...Haiti, Finland, Norway, Burma, a total $62 million in four loans, all within the last month. Haiti got $2.600.000 for a three-year road program to improve much of its 1,875 miles of mule-track roads; Finland, $15 million to help finance 344,000 kw. of new power capacity for industry; Norway, $25 million to expand its enormous Tokke power project by 400,000 kw., eventually bring it to 800,000 kw.; Burma, two loans totaling $19.4 million to help improve its Toonerville railroads, turn Rangoon into a first-class seaport with new cargo berths, warehouses, dredges and tugs...

Author: /time Magazine | Title: BANKING: Bearer of Light | 6/25/1956 | See Source »

...Time to Meditate. All the while, U Nu plaintively talked of retiring to a Buddhist monastery to meditate and write, and for two years his written resignation has been in the hands of Burma's ruling coalition, the Anti-Fascist People's Freedom League...

Author: /time Magazine | Title: BURMA: The Day of the Tiger | 6/18/1956 | See Source »

Last week 49-year-old U Nu finally got his resignation accepted. But his destination was not the monastery. Though the coalition won a comfortable majority of 170 out of 250 seats in Burma's Chamber of Deputies in last April's elections, government leaders were disturbed by the fact that the Chamber now includes 47 Communists, a gain of about 40 seats. Determined not to let the Reds gain by political means what they failed to win by force, U Nu's colleagues agreed to let him leave the premiership "for a year" to devote...

Author: /time Magazine | Title: BURMA: The Day of the Tiger | 6/18/1956 | See Source »

...anti-British activities of Rangoon University students, U Ba Swe narrowly escaped execution during World War II when the Japanese discovered that he had been using his position as chief of their puppet "civil defense unit" in Rangoon to cover up his activities as a leader of Burma's anti-Japanese resistance movement. Released from a Japanese prison at the intercession of U Nu. U Ba Swe promptly became boss of Burma's Socialists, and has long been the biggest political power in Burma...

Author: /time Magazine | Title: BURMA: The Day of the Tiger | 6/18/1956 | See Source »

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