The Archive · 1936

S. AMERICAN CONCESSION) FOR GERMAN FIRM

slent 10 renaso"

Santiago de Chile, Dec. 2 What is claimed will be the largest hydro-electric plant in South America will be Installed at Lake Tibleaca, Which is situated 13,000 ft. up in the Andes.

'A £50,000,000 concession has been granted by the Government to Herr Mauricio Hochsehild, the German principal of a large. ore-purchasing firm on the west coast of South America, for the harnessing of the waters of Lake Tibieaca, which has fan area of 8,000 square miles and a maximum depth of 700 ft, Construction of the plant will take five years, The Government -will re= ceive five per cent. of the gross Philadelphia, Dec. 28.

'A demand for "economic disarmament" on the ground that armies will move across frontiers if trade docs not, was made to-day by Mr. Francis B. Sayre, Assistant Secretary of State, while addressing women members of the Democratic Party.

Mr. Sayre urged complete equality for all nations in access to the world's colonial markets and described as a myth the idea that colonies were necessary as an outlet for surplus tions. declared that the support of dense populations without lowering standards of living did not depend on emigration but on access markets—Reuter.

Text read from the printed page and cleaned; old type leaves the occasional error.

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