Saturday, orch 15, 1975 THE MICHIGAN DAILY rage t hree aturday, Morch 15, 1975 THE MICHIGAN DAILY rage three Ghana's chief of state sees peace with South Africa ACCRA, Ghana (P) - Ghana's chief of state is convinced black Africa's territorial and racial struggles with South Africa "are passing" and "will give way to permanent peace" in his lifetime. Col. Lgnatius Acheampong, chairman of the nation's ruling National Council of Redemption, said in an exclusive interview that the determination of the black "to fight to the end to be free was bound to lead to an explosion," but now "people are begining to understand the uselessness of war." When the colonel in February 1972 led the coup that ousted the three-year elected government of Prime Minister Kofi Busia, he criticized, along with charges of "general mismanagement," Basia's intention to seek a dialogue with South Africa. GHANA, the former Gold Coast which 15 years ago became the first European colony below the Sahara to achieve full inde- pendence, has been a Third World leader in supporting African liberation movements. It still sets aside places in its universities to train rebel leaders to take over white African -governments. Acheampong, a 44-year-old infantry officer who so far has declined suggestions from various tribal chiefs that he assume the title of president or prime minister, told The Associated Press emphatically "we will not form a political party, encourage party politics or establish a political base." The chairman, as he prefers to be called, refused to be pin- ned down on just when elections would be held or when the handsome parliament building, now given over to government offices, would again receive a legislature. HE STRESSED that Ghana's economic recovery andachiev-t ing self-sufficiency in food supplies took precedence over all other problems. When the military government took over, Ghana, the world's largest cocoa producer and a leader in gold, had a trade deficit of $175 million and was on the brink of bankruptcy. Acheampong cracked down on imports, especially imported foods - which the colonel denounced as "the tinned sardine and corned beef mentality" - and launched "Operation Feed Your- self" to make Ghana eventually self-sufficient in rice and maize. These programs, plus a dramatic rise in the price of gold and cocoa, enabled the government to announce surpluses of $125 million for 1972 and $130 million for 1973. ALTHOUGH HARD hit by the increase in oil prices, Acheam- pong hopes to "break even at least," for the fiscal year ending in June. Pointedly reminding his interviewer that "the United States has not ratified" the cocoa price increase, the chairman said he "could not agree more with the Shah Mohammed Reza Pav- levi of Iran that the producing countries of the world do not re- ceive fair compensation for their resources from the consumer countries. The Shah is absolutely right, even though his policies have affected us badly." ACHEAMPONG, a Roman Catholic and father of seven child- ren, said his main philosophy of government was to make Ghana "a happy, healthy place to live. We want to achieve a welfare state but just what kind will ultimately depend on the people." FOOD ACTION COALITION presents FOOD WEEK AP Photo Strantge bedfellows When the Law of the Jungle was written, Higgy the Chimp and Azizi, a two-month-old lion cub, weren't reading. The two have formed a fast friendship in the Lion Country Safari animal refuge in Laguna Hills, California. FORMER PRESIDENT BOUND FOR EXILE: Portuguese nationali~ze banks SATURDAY, MARCH 15 ALL DAY-Modern Lang. Bldg. Aud. 4- 10 A.M.-Panel Discussion: "Old Habits, New Changes in the American Diet: Who's in C o n tr o I?" PANEL: Frances Lappe, Author "Diet for a Small Planet;" Danny Zwerdling, Washington Journalist (food monopolies); R o b e r t Seymoure, Project Apache, Nutritionist. VEGETARIAN LUNCH - VEGETABLE UNION. $2.50. Tickets may be bought in advance from UAC, Vegetable Union and FAC. 1 P.M.'- Panel Discussion: "Changing Structure of A m e r i c a n ~Agriculture." PANEL: Dan McCurry, Food Co-op Project of Loop College, Chicago; Hwerman Koe- nig, MSU Dept. of Electrical Engineering and Systems Science; Richard Rodenefeld, MSU' Dept. of Sociology. 3 P.M.-Panel Discussion: "Consumerism and Advertising: Impact on Food Choice and Availability." PANEL: Nancy Codi- spoti, A c t i o n for Ch ildrens' Television (ACT; Esther Shapiro, President Consumer Federation of America; Joan Gussow, Nu- tritionist, Columbia University. 6 P.M. -AFRICAN DINNER-Memorial Christian Church (Hill and Tappan). 9 P.M. - VEGETA'- BALL (or a NON - MEAT-BALL), Union Ballroom. A Costume Party and Be n e f i t. Entertainment by FRIENDS ROAD SHOW (mime troupe). All lectures and discussions are free LISBON, Portugal (A') - As hundreds of chanting clerks and the Communist party expressed approval, Portugal's leftist mili- tary government nationalized private banks yesterday, a mea- sure without equal in Western Europe. Premier Vasco Goncalves de- clared the government takeover of the banks "the first, firm ir- reversible step" of his regime's "anti-monopolistic policy." FORMER Portuguese Presi- dent Antonio de Spinola t o o k off from Spain, presumably bound for exile in Brazil. Port- uguese radio broadcasters start- ed referring to him as "traitor Spinola" on grounds he insti- gated a right-wing uprising that was quickly crushed Tuesday. Goncalves said in a television interview that the bank seizure did not mean "the nationaliza- tion of the Portuguese econ- omy." He said private enter- prise would still have a role to play in Portugal's future. He said the bank nationaliza- tion would give the government control of credit policy "for thei benefit of the Portuguese peo- ple" and added that deposits would be guaranteed. As the premier spoke on tele-i vision, President Francisco da Costa Gomes addressed a rain- soaked crowd of about 5,000 that gathered outside Belem National Palace to show its support for the move. "THE nationalization of the banks is the most revolutionary law ever passed in this coun- try, Costa Gomes said from a parapet at the edge of the pal- ace gardens." The clerks marched through Lisbon's financial district in a downpour shouting, "The banks belong to the people."" One banner above the mass of umbrellas read: "The cell, of the Portuguese Communist party of the Bank of Totta and Azores," a leading exchange. PORTUGAL'S CommunistI party hailed the nationalization as "indispensable for consolidat- ing the development of the democratic process." Diplomats were forecasting that the military regime would turn increasingly toward th e Communist world for commerce and investment. Though theres was speculation about Portugal's continued adherence to the North Atlantic Treaty Orgaiza- tion and the lease to the United Statees of an important air base in the Azores, U.S. sources said the Portuguese had put no'ither in jeopardy. demonstration of suppart Official sources said aout 120 place in the area where p moderate offciers have been de- of the Caetano regime club tained since Tuesday, and that bank clerks four years ago civilians prominent in the busi- antigovernment protests. ness community also were be- The nationalization was or ing jailed. ed after a Thursday night sion by Portugal's new Rex BUT AS quickly as they ar- tionary Council, made of rad rested him, the military author- military leaders. ities released Jorge de Melo, one of Portugal's richest men. THE SEIZURE of million His family owns a holding com- pany that controls over 100 n- dollars worth of funds f dustries. more than 200 Portuguese-h The nationalization of private quartered banks came by Portuguese banks was a victory I cree. Compensation was for leftist bank unions. T h e mentioned. took olice bed for der- ses- vo'u- dical s of rom ecad- de- rot I' THE DETROIT SEVERO BALLET COMPANY with quest choreographer FERNAND NAULT Sunday, March 16-3:30 p.m. Pioneer High School Auditorium (Across from Michigan Stadium) ADMISSION: $2.50 Made possible with the support of the Michigan Council for the Arts r }F { U.S. industrial production falls off fifth straight month Daily Classifieds Get Results WASHINGTON oP) - The out- put of the nation's industry de- clined for the fifth straight month in February, dropping 3 per cent from January, the Fed- eral Reserve Board reported yesterday. The board said that indus- trial output in February w a s down 12.2 per cent from Sep- tember, showing the effects of the recession on the nation's in- dustry. At the same time government officials pointed to a drop in business inventories and other figures as a sign recession was easing. THE FEDERAL Reserve Board said the cutbacks in Feb- ruary were widespread through the economy, including consum- er goods, autos, equipment, construction products and in- dustrial materials. Auto assemblies were at an annual rate of 4.6 million units in February, down 4 per cent below January and 30 per cent below a year earlier. But t h e Board said it expected auto pro- duction would increase in March. The 3 per cent decline in in- dustrial production in February compared with a 3.6 per cent decline in January, which had been the biggest monthly drop since December of 1937, when it was 8.9 per cent. The fig- ures were adjusted by the gov- ernment to account for seasonal fluctuations. DESPITE the industrial pro- duction figures, government officials said other statistics in- dicated the recession may be nearing its low point. The Commerce Department said businesses sold more goods than they bought in January for the first time in 42 years. The decline in business inventories in January was $148 million. Business inventories have been extremely high in recent -months, and economists say they must be sharply reduced before businesses move to re- build their stocks by buying new goods from suppliers. THE IMPROVEMENT in the inventories picture and o t h e r recent developments, such as improved retail sales, caused Treasury Secretary William Si- mon to say that "the economy is now providing mounting evi- dence that natural, cyclical forc- es are at work and we will soon be changing direction." But he had little encourage- ment on unemployment, saying the nation's unemployment rate of 8.2 per cent probably will rise higher before it starts declin- ing. White House Press Secretary Ron Nessen said the inventory decline and a recent pickup in retail sales indicate that "the bottoming out of the recession is on schedule." "THE CHANGE from accum- ulation to liquidation of inven- tories as evidenced by the Jan- uary figures, is a healthy sign for the troubled economy, ' said James Pate, assistant commer- ce secretary for economic af- fairs. He said if the decline is in- ventories continues in the months immediately ahead, it "will clear -the way for an up- swing in the important industrial sector of the economy." I 1 "If you can walk, you can run!" NOMINATIONS NOW OPEN FOR !i i r, I i1 PRESIDENT SECRETARY VICE TR NOMINATIONS CLOSE 1 MARCH 29, 1975 submit nominations in wri GEO Election Commit Room 9, Mich. League-6 -PRESIDENT tEASURER 0 A.M. ting to tee 65-71 74 _. '-7 Y -c If "Early American Orange Crate" is what you find in other apartments, see us. Our apartments are FULLY furnished. Come on over and check us out, ' 4' ". 2 MIES FC'a p~R R E - .STADIUM The on-campus, off-campus question, University Towers Apartments pro- vides the answer - Apartments 2 blocks from the Diana, right next door to evervthing. 60 There is no need to drag your laun- dry down the street, when you live at University Towers Apts. There is a complete Laundromat in the build- ina. OPEN 24 hours a day. EIGHT GREAT REASONS TO LIVE AT 'UNIVERSITY TO W,,ERS 4 APTS. 536 S. Forest-761-2680 Models Open (FOR MORE GREAT REASONS, CALL US OR STOP BY) /Y I' -A You read about it every day in the papers . . . a place is burglarized or someone gets mugged in broad day- light We're doing somethinq to pre- vent this from happening to our resi- dents by providing 24-hour security. I I q .. e..... _ --. _ _._ _.. , _____. - - - -- -- F, F i TODAY! 13th Ann Arbor Film Festival Screenin. today at 12:30 with performance by Per* the clown. Screeninq tonight at 7 & 9 Winners & High- lights Sunday at 7, 9 & 11 p.m. at both Architecture Aud. & Aud. A, Anqell Hall. Tickets on sale nightly at 6 :00 p.m. No advance sales -tickets for that's night's performance onlv. y / j' yK. ) "N ,/ 1 ti1 E!I/ 1A f/I 1_ U E t° University Towers offers more than lust a place to live. Everyone has to relax at times. That is why we have things like FREE movies, ping pong tables and a piano room. I t LO i -. -'r-Z t f I I® I! .l II