The Rotary Balita no. 664 (February 1, 1951).

Vincent Checchi, special representative of the U.S. Economic Cooperation Administration, was today's luncheon guest speaker. The program which the ECA will carry out in the Philippines is essentially one that will stress the utilization of increased quantities of capital equipment, raw materials and technical assistance, he said. The program, Mr. Checchi pointed out, aims to increase the productivity of the Filipino worker, increase the total yield of the nation's resources, diversify the Philippine economy and help create in the country conditions under which the great mass of the people will share in a rising standard of living. It is the intention to concentrate primarily on the importation of goods such as machinery, fertilizers, improved seed varieties, etc. The mechanics of how this will be done are still a matter of discussion, but he predicted: 1. Direct aid to government projects. 2. Assistance to facilitate importation by private individuals and firms of essential materials. 3. Extension of credit facilities. ----- Caller: "Is your mother engaged?" Little Boy: "I think she's married." -Virdent Valiants.