The_Open_Door_deel1

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such payments out of profit,", worked against the interest of the
Liberian Treasury, whereas the RCM-Amsterdam and NRC-Hamburg were
as collateral security for the repayment of these loans granted
"a continuing general lien to the extent of their interests upon
all fixed assets, including plantations, and upon all accounts
receivable and other assets of Sal'atii'' (33), Thus, their
participation in and the financing of Salala had become hardly
distinguishable from equity participation, apart from the
consequences for the payment of income taxes, and the general
financial responsibility.
ALAN L. GRANT (LIBERIA) INC.
Alan L. Grant (Liberia) Inc. ("the Alan Grant Company") is a
company which is not involved in the production of rubber on its
own plantation(s), but which buys rubber (specification coagulum,
non-specification coagulum, cup lumb, tree lace, and bark scrap)
from mainly Liberian farmers and processes it for export. As its
final product does not differ essentially from the produce of the
factories of the Firestone Plantations Company or of one of the
other rubber plantations, its main characteristic being that it
still falls within the category of primary products, it seems
correct to discuss this company together with the other rubber
companies operating in Liberia under concession agreements with
the Liberian Government.
The company's activities are governed by (a) a Statement of
Understanding of October 22, 1962, and (b) an Agreement for the
establishment of a Rubber Remilling Plant, dated December 31,
1962. It was incorporated under Liberian laws on November 29,
1962, and is a fully-owned subsidiary of the Dutch N.V. Deli
Maatschappij Amsterdam (DMA).
Under a 50-year concession agreement the Alan Grant Company was
granted the rights to create a rubber remilling plant .in the
Central Province of the Liberian Hinterland, to purchase all
kinds of rubber from independent Liberian farmers for further
processing at its factory, and to supply independent Liberian
rubber farmers with whom it deals, with everything needed for the
efficient operation of their farms, estates, or plantations. For
this purpose the company was granted a three-year exemption of
customs duties, tariffs, or taxes (for imports related to the
operation of the plant) , a two-year exemption period from all
taxes and other assessments by the Government on the income of
the company in order to permit it to amortize the outlay of its
capital investment for the initial development of its operations,
an "infant industry protection" - protective tariff - of five
years, to ensure the minimum required quantity of purchases to
justify the building of a plant, and to guarantee that the
company will be the only foreign owner and operator of a rubber
processing plant handling the production and output of
independent Liberian farmers within a radius of 30 miles from