The Grenada newsletter

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Material Information

Title:
The Grenada newsletter
Physical Description:
v. : ill. ; 36 cm.
Language:
English
Publisher:
A. & C. Hughes
Place of Publication:
St. George's, Grenada, West Indies
Publication Date:
Frequency:
twenty no. a year
semimonthly
completely irregular

Subjects

Subjects / Keywords:
Periodicals -- Grenada   ( lcsh )
Politics and government -- Periodicals -- Grenada   ( lcsh )
Economic conditions -- Periodicals -- Grenada   ( lcsh )
Social conditions -- Periodicals -- Grenada   ( lcsh )
Genre:
newspaper   ( marcgt )
newspaper   ( sobekcm )
Spatial Coverage:
Grenada

Notes

Dates or Sequential Designation:
Began in 1973.
General Note:
Description based on surrogate of: Vol. 11, no. 1 (Jan. 22, 1983); title from caption.

Record Information

Rights Management:
All applicable rights reserved by the source institution and holding location.
Resource Identifier:
oclc - 24157414
lccn - sn 91021217
Classification:
lcc - F2056.A2 G74
System ID:
AA00000053:00268


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NEWSLETTER
FOUNDED 17TH AUGUST 1973
End of Year Issue JIst Vecember 1982
10th Year of Publication- - - - --280th Issue
Volume 10 Number 17




DETAINEES RELEASED NAMES NOT DISCL OE

Just before Christmas, the Peoples Revolutionary Government
(PRG) freed more political prisoners, but there was no men-
tion of this in the State-owned media and no:names have been
released.
Among those confirmed as having been let out of Richmond
i Hill Prison are Donville Neckles, Twistleton Patterson (de-
tained 18.12.79) and Stanley Roberts (detained 11.7,81).
These political prisoners were released on December 21st
while Lester 'Green Face' DeSousa (detained 30.7.79) was
freed on December 22nd together with Dennis Rush (detained
17.3.79). Norman DeSousa (detained 13.3.79),-brother
of Lester, was released on December 23rd.

SMeanwhile, the PRG has not disclosed the names of the
political prisoners released on December 17th.and it is
uncertain when this information will be available to the
Press.

On the day after the release, Commissioner of Prisons Pat-
rick: Macleish confirmed the release to NEWSLETTER but said
the information relative to the number of persons set free
and their names would not be available until December 20th.

When contacted on December .20th, however, Mr MacLeish said
this information must be released by the Ministry of the
Interior and application should be made to the Commissioner
of Police Major Ian St Bernard.
continued -


__~ __




Page 2 THE GRENADA NEWSLETTE'.', End of Year Issue 31.12.82


Contacted by phone at his office on the same day, Major St Bernard in-
quired of NE4SLETTER as to when Mr Macleish had referred the matter to
him, and he said he was very busy and was unable to give attention to
this immediately nor could he say when he would be able to do so.

"I'll call you", he said.

With reference to those political prisoners freed just before Christmas,
they have been warned "not to associate with any person or group likely
to lead them into counter revolution" and, for this reason, they are
reluctant to talk to the Press lest they be thought to be giving inform-
ation the PRG might object to.

None of those spoken to has alleged physical torture though some say
"the soldiers can be very rough". Chief complaint is of the food
and of a lack of sufficient exercise, only one hour in 24 being allow-
ed out of the cell.

It is reported that the regular diet is of bread and margarine with
'thin' powdered milk for breakfast and dinner. The midday meal
consists of rice, boiled green bananas ('figs') and, usually, chicken
wings. There is dried peas and, sometimes, fish or pig snouts.

"What we never had", one ex-detainee said, "is fresh meat except on
one occasion. Last December, one of the cows maintained by the
Prison got tied up in its chain and strangled, and they cooked the
meat for us."

Of those release, Lester DeSousa is a political activist who has been
associated with both the Eric Gairy administration and the New Jewel
Movement of Prime Minister Maurice Bishop. He and Norman-DeSousa
are the brothers of Raymond 'Bogo' DeSousa, Assistant Superintendent
of Police in the Gairy administration who was deteined on 13th March
1979 and who has not been released.

Norman DeSousa was the Gairy Government's Labour Attache in the
Grenada Embassy in London.

Stanley Roberts is the Assistant Secretary of the Grenada Seamen &
Waterfront Workers Union.
^> ^? -- A,




PRG TO MAKE BUSH "BETTER INFORMED"

The Peoples Revolutionary Government (PRG) will send to United States
Vice-President George Bush "copies of authoritative publications" in
order that the Vice-President may be better informed on developments
in Grenada.


- continued -





End of Year'Issue 31.12.82 THE GRENADA NEWSLETTER Page 3


This is stated in the text of a strong statement sent by the PRG to
the United States Embassy in Barbados in response to statements
attributed to Mr Bush when he addressed a co;. ~cence on the Caribbean
& Central America held in Miami on December 5th.

The text of th statement, broadcast on December 31st by the state-
owned Radio Free Grenada (RFG) says,"it is totally false to refer to
Grenada as "economically weak, militarised, repressive and depend-
ent ."

According to the statement; the August 1982 World Bank Report on Gre-,
nada attests to Grenada's strength in economic progress and, since
the 1979 revolution, Grenada has achieved an average of 3% per annum
positive economic growth in real terms. Additionally, the state-
ment says, there has been a.drop'in unemployment from 49% to 14.7%.

A wide range of publications bear witness to a broadening and deep-
ening of the democratisation process in Grenada during the 34 years
of revolutionary power, the statement says'.

"The Government of Grenada rejects any accusations of repression",
the statement- continues. "Grenada has certainly been obliged"to
be alert and vigilant. : Such vigilance cannot reasonably be inter-
preted as repression.

Referring to the charge that Grenada is "dependent", the statement
expresses the opinion that Mr Bush needs tt be informed that, unlike
what obtained in the regime of deposed-Prime Minister Eric Gairy,
rapid strides are now being made in diversifying'the economy and
broadening the economic and commercial relations within the frame-
work of an independent and non-aligned foreign policy.

"The Government of Grenada is amazed at the fact that Vice-President
Bush was not correctly'and adequately briefed in respect of develop-
ments in Grenada", the statement says. 'The Government of Gre-
nada shall be pleased to arrange for a high level emmisary to brief
the Vice-President, or someone' designated by him".

S.i-M-"a-.swae



SOVIET AID

The Soviet Union is to provide on-*the-jobb training for Grenadians in
the field of economic planning and is also to give assistance in
planning in the areas of agriculture, agro- and light-industry and
tourism. '*

The Government Information Service said on December 30th that this
aid results from the visit during the' week ending December 26th of
a Soviet technical delegation headed by Mr Pavolvich Nikolai
Lebedinsky, Deputy Chairman of GOSPLAN, the State Planning Committee
continued -




Page 4 THE GRENADA NEWSLETTER End of Year Issue 31.12.82


of the Soviet Union.

During the visit, the delegation held discussions with ministers s and
ministerial officials of the Ministries of Planning, Finance, Trade,
Agriculture, Industrial Development, Construction and Tourism, and
the delegation assessed Grenada's planning system with a view to re-
commending improvements,

Other aid to be given by GOSPLAN is the supply of literature on
economic planning and the granting of scholarships in this subject at
both the under-graduate and graduate levels.





PM DELIVERS CHRISTMAS MESSAGE

Delivering his Christmas message on December 26th, Prime Minister
Maurice Bishop said dark clouds hang over the world, casting nuclear
shadows on the future while insane men seek to preserve outdated
imperialist dreams even at the cost of man's existence.

"Christmas is a time when people the world over celebrate the birth,
two thousand years ago, of One who devoted his entire life for peace
and understanding among men", he'said.

But this Christmas 1982, the Prime Minister continued, is a-time when,
more than ever, the tidings of peace and goodwill should deeply pre-
occupy the minds of Grenadians.

Mr Bishop called on Grenadians to reflect on the terrible prospect of
nuclear war and to consider the many struggling millions whose
sincerest wish is for a just and real peace. He asked Grenadians
to "spare a moment" for the people of South Africa, Namibia, El Sal-
vador and Nicaragua, all of whom, he said, "seek peace but receive
in return persecution and no goodwill".

"Our history has taught us", prime Minister Bishop said, "that peace
is the final reward for determination and the product of justice and,
in spite of all difficulties, we celebrate this Christmas with the
confidence that a world at peace is possible, that genuine.goodwill,
the absence of exploitation of man by man, is realisable and must be
struggled for."





BISHOP: MEDIA WORKERS MUST BE MORE SERIOUS

Speaking on December 30th at the annual end-of-year emulation
ceremony of the Ministry'of Information, Prime Minister Maurice
Bishop said that, in 1983, media workers in Grenada will have to
continued -





End of Year Issue 31.12.82 THE GRENAIA NEWSLETTER Page


become more professional, serious and conscious of their work.

"In terms of '83 and the task", he said, "first of all, the question
of reporting the news more systematically has to be one of the majof
tasks, putting into our work plan the kind of news we would like to
see on the television, that we would like to hear on the radio, that
we would like to see in the "Free West Indian" (newspaper), that we
would like to get out to the region through the Government Inform-
ation Service."

Mr Bishop said the working class is the most important class in
Grenada and the media must report the struggles, achievement,
strides in production and the emulation ceremonies of that class.
This is not being done sufficiently, he said. Workers must be
shown on TV, their photographs must appear in the "Free West Indian"
and it must be ensured Iat the activities of the workers and their
progress in production and productivity is'carried in the media.




CFTC OFFICIAL VISITS

Mr Gareth F H Aicken, a Project" Officer of the Commonwealth Fund for
Technical Cooperation (CFTC), ended a 3-day :visit to Grenada re-
cently.

According to the Government Information Service (GIS) CFTC has
offered training to the Peoples Revolutionary Government in a number
of areas and this was Mr Aicken's second visit to the island in this
connection.

During his visit, the CFTC official held discussions with represent-
atives from the Ministries of Planning, Information, Education,
Agriculture, Health and Construction with reference to the nature anc
duration of training possibilities offered by his organisation.





GIFT FRO INDIA

A power tiller with implements and a trailer with other accessories
arrived in Grenada on December 9th as a gift to the Peoples Revo-
lutuonary Government from the Government of India.

A release from the Government Information Service quotes an official
of the Ministry of Agriculture as saying that this equipment is to
be used on the Madigras Soil & Water Conservation Project.

*"" "3By '" *-
-^<'*----^W^~b~




End of Year Issue 31,12.82


BCCA TO GOVERNMENTS: REVIEW YOUR POLICTIS

During the quarter ending 30th June 1982, the net external reserves of
the East Caribbean Currency Authority (ECCA) suffered a considerable
decline.

This is disclosed in the Authority's recently published Economic &
Financial Review of that quarter, and this drop in external reserves is
attributed to the unfavourable economic situation in the Leeward and
Windward Islands, the countries participating in ECCA.

During the first six months of 1982, the Review says, the balance of
payments of the countries of the Area (Antigua & Barbuda, Montserrat,
St Kitts-Nevis, Dominica, Grenada, St Lucia and St Vincent & the
Grenadines) came under severe pressure as the performance of the major
foreign exchange earning sectors continued to be weak.

"The available data on production for export.shows that, generally,
volumes have increased while earnings have either stagnated or
fallen as commodity prices remained depressed", the Review says.

Additionally, the Review says that tourist arrival statistics for
the first half-year for 1982 were not then available but preliminary
indications were that, for the Area as a whole, arrivals had fallen as
recession persisted in the countries from which tourists come to the
Caribbean.

"These developments, coupled with a rising level of imports by the
Area", the Review says, "led to a decline of BC$16.9 million in the
Authority's net external reserves during the quarter April to June
1982".

Figures given in the Review for the quarter ending March 31st 1982
indicate that, in that quarter, external reserves increased by
EC$9.0 million after showing a decline of EC$17.6 million in the
quarter ending December 31st 1981.

According to ECCA, these changes are reflected, in part, in accounts
held by Commercial Banks in the Area with the Authority. The
Commercial Banks' accounts fell by BC$41.1 million in the quarter
ending 31st december 1981 and the Authorities external reserves
declined at the end of that quarter. These accounts increased
by EC$17.9 million in the quarter ending 31st March 1982 and the
external reserves increased in that quarter.

The link in the movements of the Commercial Bank's accounts with the
Authority's external reserves can be traced to developments in the
commercial banking sector.

In the quarter ending December 31st 1981, deposits with the Commer-
cial Banks, as compared with the previous quarter, increased by only
continued -


THE GRENADA NEWSLETTER





End of Year Issue 31.12.82 THE GRENADA NBWSLtTTBR Page 7


EC$6.256 million from EC$944.246 million to BC$950.502 million. At
the same time, loans and advances made by the Commercial Banks in-
creased by EC$45.288 million from EC$736.566 million to EC$781.854
million, this excess of loans over deposits being financed largely byl
drawings on deposits held by the Authority for the Commercial Bank.s

In the quarter ending 31st March 1982, the reverse situation was in
effect. At the end of that quarter, deposits had increased by
EC$45.064 million from the December figure to a total of EC'995.566
million. At the same time, loans and advances had increased by
only BC$18.598 million to a total of EC$800.452 million, and the ex-
cess generated by the difference between deposits and loans and ad-
vances was placed with the Authority.

"Due to the Area's high propensity to import", the Review says,
"credit expansion in excess of deposit intermediation during a period
generally leads to a reduction in the Area's reserves."

Dealing with the financial sector, the Review for the quarter end-
ing 30th June 1982 says there was a sharp fall in the availability
of cash because the growth of deposits with the Commercial Banks did
not keep pace with the expansion of credit extended by those Banks.
In that quarter a year before (1981), deposits with the Commercial
Banks had increased by BC$51.8 million from a figure of EC$877.523
million at the end of the previous quarter, but in 1982 the increase
in that quarter,, the second, was only EC$9.7 million from a Match
31st total of EC$995.566 million.
continued -


(In Millions


Quarter Ending :-
External Assets
Current Accounts &
Money at call.
Other Securities
Notes/Coin in
Process of Redemption


ECCA ASSETS
of East Caribbean Dollars)


30.9.81



127.966
78.518

4.232


Total External Assets:-210.716
Local Government
Debentures 18.898
Local Treasury Bills 23.056
Other Assets 10.368


Total Assets


263.038


31.12.81



81.464
97.095

7.579

186.138

19.360
26.503
6.080

238.081


30.3.82



102.949
98.257

2.967

204.173

19.360
26.995
5.376

255.904


30.6.82



61.900
115.273

4.256

181.429

19.360
30.339
6.161

237.289


-I ---


--


_ ~~_~





Page 8 TftE JI GNAbA NEWSLETTER End of Year Issue 31.12.C,


On the other hand, credit extended by the Commercial Banks in the res-
pective quarters increased by EC$23.2 million from EC$680.405 million
and EC$36.9 million from ELC$800.452 million. Of the increase in
credit in the quarter ending 30th June 1982, the Review says credit to
the Tourism Sector increased moderately, mainly due to hotel capacity
expansion in some countries, but credit to the Manufacturing and Agric-
ultural Sectors both registered declines as the slowdown in economic
activity reduced borrowing needs.

The Review reports that, after increasing by 4.7% in the quarter ending
March 31st 1982, the rate of growth of total deposits with the Comm.r-
cial Banks fell sharply to only 1% in the quarter ending 30th June 182.
Demand deposits fell by EC$12.6 million while the increase of EC$6.3
million in savings deposits was significantly lower than the average
over the last six previous quarters. On the other hand, the in-
crease of EC$16.0 million in time deposits was the highest quarterly
increase since June 1981 when the increase was EC$18.8 million.

According to the Review, this favouring of time deposits over savings
deposits may be'explained by the fact that interest rates on time
deposits increased during early 1982 while those on savings accounts
remained relatively static.

Analysing deposits with the Commercial Banks by ownership classif-
ication, the Review says non-bank financial institutions & statut-
ory bodies and Government corporations were the major contributors to
the overall increase in total deposits.

Deposits of business firms fell marginally while personal deposits,
whic3 .usually account for the largest share of the deposit growth,
remained at approximately the same level as at the end of the quarter
ending March 31st 1982.

Turning to an analysis of credit extended by the Commercial Banks
during the quarter ending 30th June 1982, the Riview says this in-
creased by 4.6% as compared with the previous quarter. This com-
pares with an increase of 2.4% in the quarter ending 31st March 1982
and an increase of 3.5% in the quarter ending 30th June 1981.
'continued -

DEPOSITS WITH COMMERCIAL BANKS
(In Millions of East Caribbean Dollars)
Quarter Demand Time Savings Total
Ending. Deposits Deposits Deposits Beposits
30. 9.81 186.134 320.263 437.849 944.246
31.12.81 181.651 326.474 442.377 950.502
31. 3.82 194.661 341.330 .459.575 -995.566
30. 6.82 182.088 357.324 465.830 1005.242





End of Year Issue 31.1.82T


Bank lending during the quarter ending 30th June 1982, broken down
into sectors, shows that personal loans, with an increase of EC$12.9
million over the previous quarter, accounted for the largest share
of the increase. A further break down of personal loans into usesi
shows that credit for consumer durables (including vehicles) increas-i
ed by EC$7.4 million while loans for other personal uses increased by,
EC$5.1 million with only a marginal increase in loans for purchaseof
houses and land.

Overall credit to business firms increased by EC$12.4 million while
there were increases of EC$6.5 million to the distribution sub-sectoji
EC$4.9 million to building and construction and EC$4.6 million to
tourism. In contrast, there was a significant decline in credit
to manufacturing, amounting to EC$3.2 million and a marginal decline
in agricultural loans.
continued -

ANALYSIS OF LOANS & ADVANCES MADE BY COMMERCIAL BANKS


'(In Millions of East Caribbean Dollars)


Quarter Ending .-
Agriculture
Manufac tr ing
1. Food & Non-
Alcholic
Beverages
2. Clothing ,&
Accessories
3. Other
Industries
Distributive
Trades
Tourism
Entertainment &
Catering
Transport
Public Utilities
Construction &
Land Development
Government &
Statutory Bodies
Professional &
Other Services
Personal
1. House & Land
Purchase
2. Durable Con-
sumer Goods
3. Other Persons
Other Advances

Total

% of Long Term
Loans to Total


30.;6.81
32.092
50.016


30.9.81 31.12.81 30.3.82
33.673'. 36.386 40.341


30.6.82
39.932


60-.868 66.453 71.958 68.720


(15,.335) (16.858) (15.983) (19.148) (18.465)

(6.214) (6.325) (8.717) (6.145) (7.007)

(28.467) (37.685) (41.753) (46.665) (43.248)


114.835
28.737

8.158
51.776
9.631

38.753

111.088

10.352
197.541


122.956
31.678

7.879
51.674
7.196


128.063
35.704

7.608
54.507
8.821


125.179
37.162

8.242
48.940
9.442


131.714
41.795

8.826
49.121
8.614


40.236 44.021 45.882 50.836


111.573

11.507
210.000


116.732

12.455
226.103


120.153

12.442
232.997


125.585

13.623
245.945


(106.702) (111.174) (105.956) (124.866) (125.197)


-(37.255)
1(53.584)
50.714

703.694


(43.968)
(54.857)
47.326

736.566


(50.939) (43.972)
(69.208) (64.159)
45.001 47.714

781.854 800,452


44.2 45.7 46.6


48.9


(51.566)
(69.182)
52.651

837.362


48.7


THE GRENADA NEWSLETTER


-


Page 9





End of Year Issue 31.12.82


EAST CARIBBEAN CURRENCY AUTHORITY
St*tement'of AssetS&' Liabilities
As at 30th September 1982


Liabilities


Demand Liabilities
Notes in Circulation BC$108,088,982
Coin in Circulation 10,285,931
Bankers' Balances 9,114,959
Unpresented Cheques 58,466
International Organisations 3.497,613
Bankers Deposits
General Reserve
Special Reserve
Other Liabilities


Assets
External Assets
Fixed Deposits & Money
at call. BQ$ 21,151,735
Securities 109,454,122
Regional Currencies 1,333 440
Bankers' Balances 3,291,796
Internal Assets
Participating Governiment s Securities
including Treasury Bills
Other Assets


BC$131,045,951
15,363,479
14,716,168
1,546,560
34,930,761

EC$197,602,919


EC$135,231,093



49,399,071
12,972,755
EC$197,02,919


K


lister Hughes Cynthia Hughes
31st December 1982


Printed & Published by the Proprietors
Alister & Cynthia Hughes. Journalists
of Scott Street, St Georges, Grenada, Westindies


THE GRENADA NEWSLETTER


Page 11


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