Oshawa Times (1958-), 14 Jul 1965, p. 24

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legally married. Dr. Robert F. Leggett, 60, of Ottawa, a Canadian ex- pert in the field of building construction testing, has been elected president of the American Society for Testing and Materials. Dr. Leggett is director of the National Research Council's building research division at Ottawa. (CP Photo) Nine Nations Aid Karachi 5-Year Plan By RALPH SHAW "KARACHI (Reuters) -- Pak- istan starts its third five-year plan this month with the sup- port of the countries who backed, with hard cash, its am- bitious second five-year plan. The nine-country Pakistan aid consortium, meeting in Wash- ington, has promised hep to the tune of $500,000,000 for the first year of the new plan. The con- sortium countries are Canada, the United States, West Ger- many, Britain, France, Japan, Italy, Belgium and Holland. Countries outside the consor- tium, notably China and the So- viet Union have also promised support. The goal of the third five-year plan is a rise in the gross na- tional product from 43,635,000,- 000 rupees (about $10,000,000,- 000) in 1964-65 to 50,000,000,000 rupees in 1970. Pakistan's first five-year plan was launched in 1955, eight years after independence from Britain. It ran into heavy weather, chiefly due to political instability. MADE STABLE The advent t- power of Pres- {dent Mohammed Ayub Khan in 1958 produced stability, al- although it did not cure the ilis that had beset the plan in agri- culture and bureaucratic mis- handling of overall control. Extensive import of food grains was necessary and it was generally considered that, in the key sector of agriculture, the plan had failed--though in the industrial sector there was rapid growth. The second five-year plan, from 1960 to 1965, wag a dif- ferent proposition. Most of the key targets were reached or exceeded, and the economy was prepared for higher growth rates and a size- able development effort in the next five years. The second plan demonstrated Pakistan's ability to achieve growth rates of more than five per cent a year, in both the larger western part of the coun- try and the separate area of East Pakistan. INVESTMENT ROSE The investment level rose to 18.5 per cent of the gross na- tional product, domestic savings increased rapidly, and it is es- timated that more than a fifth of the increased average in- come was saved and reinvested. During the period of the plan, exports increased seven per cent a year. According to current indica- tions, the over-all financial tar-|° gets for development in the sec- ond plan are expected to be ex- ceeded by approximately $420,- 000,000 -- though in terms of 1960-61 prices, the plan roughly matches expectations. The growth rate in agricul- ture, returned during the plan to a free market in which the government supported prices, rose to 3.5 per cent.a year. Ag- ricultural exports increased and unemployment was sharply re- duced. There was an 8.6 - per - cent growth in industry and an ex- pansion of the economy by by more than five per cent, to provide a basis of achievement on which to start the third five- year plan. The actual increase. in na- tional Income during the period ba the second plan is expected 29 per cent, compared ooh a target of 24 per cent. Despite a 14-per-cent growth of population, now 85,000,000, the average family income in- creased about $55 a year. Food production increased about 27 per cent. This made the country increasingly self- sufficient in grain. WEDDED AFTER ALL RICHMOND, Va. (AP) -- A couple of newlyweds here had an anxious moment when the cheque with which the husband paid for the marriage licence bounced. 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