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XVII<br />

<strong>The</strong> other concessions which were granted in the same period<br />

were not successful either. Robert LeTourneau, from Texas,<br />

U.S.A., obtained a large concession area but never started<br />

operations on a large scale. Juan Jesus Ramos Gonzales, from<br />

Spain, shared his fate. Somewhat different was the outcome<br />

of attempts to develop oil palm plantations.<br />

Palm products may be considered traditional Liberian products.<br />

In fact, it was one of the early settlers who introduced palm<br />

kernels in international trade around the middle of the 19th<br />

century. Thus one may wonder why the opportunity to export<br />

these products had not been taken earlier. In 1966 and 1967<br />

two concession agreements were signed which had the largescale<br />

cultivation of oil palm plantations as their first objective.<br />

<strong>The</strong> first involved was the Getty Oil Company from the<br />

U.S.A. and the second agreement was signed by a joint undertaking<br />

of U.S. and Liberian investors. Although it is too early<br />

to refer to these projects as failures, results so far have<br />

been very modest. Nevertheless, the outcome of these companies<br />

is of extreme importance since the production of oil palm products<br />

seems to offer an excellent opportunity to diversify the<br />

national economy.<br />

Chapter 5 deals again with the rubber sector: four foreignowned<br />

rubber plantations and one foreign-owned rubber processing<br />

factory (this processing is done for export purposes<br />

only and does not alter the primary product character of the<br />

product exported). U.S. capital dominates in this sector though<br />

particularly since the late 1950's Dutch investors showed a<br />

considerable increase of activities in this respect. Original<br />

documents related to the preparation of the concession agree- ~.<br />

ment which in 1954 finally was signed with the B.F. Goodrich<br />

Company reveal that President Tubman's advisors did not always<br />

agree with the generous conditions which characterized some<br />

concession agreements. However, the outcome of the negotiations<br />

with B.F. Goodrich confirm the impression that power was truly<br />

concentrated in the hands of William Tubman.<br />

<strong>The</strong> following three Chapters deal with the mining sector.<br />

Chapter 6 focuses attention on the gold and diamond mining in<br />

Liberia whose importance is often under-estimated. Illegal activities<br />

of foreign companies combined with a lack of control<br />

and supervision by the Government are the main reasons why<br />

Liberia has benefited little from these natural resources. <strong>The</strong><br />

search for oil had already in 1956 resulted in a concession<br />

granted to a U.S. investor. <strong>The</strong> concession area covered over<br />

1.5 million acres. It was, therefore, larger than the 1926<br />

concession to Firestone, which was much criticised on account<br />

of its size. However, both this and another attempt (in 1964)<br />

to turn Liberia into an oil producing country failed. <strong>The</strong><br />

search for minerals other than gold, diamonds, and iron ore<br />

concludes this Chapter.<br />

Chapter 7 deals with two iron ore mining companies behind<br />

which there was one man: Lansdell Christie, a former U.S. Army

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