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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 25, 1962)
MEDFORD MAIL TRIBUNE. MEDFORD. OREGON THURSDAY. OCTOBER 2S. 1962 Russian Company Using West's Methods Does Good Business By KURT NEUBAUER United Press International Vienna-IUPIi-A Russian com. party using the West's tradi tional "capitalist" business methods is one of the most successful enterprises in this Austrian capital. It is Garant, a Russian in surance company founded in this neutral nation only four years ago and already main taining business relations with enterprises in more than 40 countries. Garant's main business is to sell export insurance to West ern companies which deliver goods to East Bloc countries. It insures against all risks mainly the non-payment risk resulting from the export of Western goods to the So viet Bloc. Different in Practice Asked how it is possible for a non-payment risk to arise in business relations with Com munist countries where for eign trade is handled exclu sively by state-run organiza tions, Ilja W. Lukin, general manager of Garant replied: "One should think so, but in practice it is different." He admitted that East Bloc countries frequently run short of hard currency, thus delaying payment to Western suppliers. "If the payment is delayed by more than 60 days then we get stuck with the bill," Lukin said. Sometimes, the "clearing" is blocked and the money also cannot be trans ferred to the West. The risks which Western firms undergo by dealing with Communist countries are illustrated by the fact that in 1961 Garant paid to Western firms as compensation for damages more than $714,000. Garant also offers policies insuring Western companies against "political" risks in the Soviet Bloc area, such as civil war. uprisings, revolu tions, strike or presumptive loss of goods by confiscation in any of the countries under Communist rule. Business Possibilities . Garant also is looking for business possibilities in the West. "We are also participating in purely Western re-insur-1 a nee transactions in all branches of non-life insurance if it brings a good profit," Lukin said smilingly. Special government permis sion is required in most West European countries for carry- j ing out insurance operations, but no permission is neces sary for re-insurance trans actions. Garant's premium sales will rise from $560,000 in I 1959 to an estimated $2.8 mil-; lion in 1962. Garant already ; has increased its capital iza-j tion from $235,000 to $1.4 million. Subsidiaries Possible Commenting on charges of some Western experts that Garant is everything else but a harmless insurance com pany, Lukin denied such re ports but added, "in principle, I'm not angry about such stor ies because it means a good publicity for us and like any other enterprise we need publicity." Garant would like to set up subsidiaries abroad. "We work exactly as other Western insurance compa nies," Lukin said. "Therefore, we believe that our admission in other European countries should be granted under the same conditions as for West ern firms." However, Western experts warn against establishment of Garant subsidiaries. They consider Garant as another communist weapon in the Kremlin's campaign of an economic penetration of West-1 world. em Europe and claim that the profits of Garant and other Soviet enterprises as in the West are being used for fi nancing the propaganda ac tivities of Communist front organizations in the free ATTENDS MEETING Dr. Robert Turner, Shown with Dr. Turner are Dr. James P. Ashland, (center) represented Jackson conn- Cooncy, New York, and William D. Gargan, ty at the annual meeting of Oregon division Beverly Hills, Calif., (right), two of the pro of the American Cancer Society recently at gram speakers, the Village Green near Cottage Grove. Research Against Cancer Reported at Two-Day Workshop ' Promising leads in research against cancer were outlined ' at the two-day workshop of ;the Oregon Division of the ; American Cancer Society re cently in Cottage Grove. Ap " proximately 200 delegates at- tended representing the vari l pus county units. More than 1.000.000 per sons today are "cured" of can cer, Maj. Gen. James P. Cooney, vice president for medical affairs for the soci ety, told a luncheon meeting. "One in three is now being Saved," he said. "It could be one in two with earlier diag nosis. Much remains to be done by research people who are making great strides and will someday provide the an swer for the 85,000 patients who can't be saved today." The association of lung can cer and cigarette smoking is "undeniable," Dr. Harvey W. Baker, Portland physician, told a morning session of the delegates. "People who smoke cigarettes for a long period of time," he said, "have a much greater chance of devel oping lung cancer than those who don't smoke. Most pa tients of lung cancer are those who smoked heavily for a period of years. It is rare to find lung cancer in a non smoker." Dr. William S. Fletcher, an assistant professor of surgery FORMER SERVICEMEN:;.! MAKE YOUR SKILLS PAY OFF WHERE THE AGE OF SPACE IS REAL wmwj mm T'BUPw.t'imw . . 1 h ,4 : Si AS A SPECIALIST IN THE U.S. AIR FORCE With the ni-w Age of Spare, more and more men are finding that their previous military trainineran reelly payofT in the U.S. Air Force. If jou have a skill the Air Force needs, you, too, can step into an important job. You 'II work with the Utot equip ment, learn the newest techniques of your enecilty-nd look to a fu ture that's guaranteed. Find out if there is a place for you, where the Atte of Space is renl. See your local Air Force Recruiter. M. SGT. H. K. O'LEARY Is Your Local Air Force Recruiter. He is located at . . . MEDFORD POST OFFICE courtety el Mcdford Mail Tribune at the Oregon medical school, spoke of research in drugs for treatment of cancer. "The reason everyone Is In terested in using highly toxic compounds," he said, "is that only half of the persons who have cancer are five-year sur vivors at the present time. When we are better able to understand the way in which genetic information is passed from one generation of cells to another, it should be rela tively simple to make the ap propriate drugs for treatment of a particular cancer." Radiation therapy and pre operative super voltage irra diation, using the 2 million volt Vandegraaf equipment was described by Dr. Clifford Allen, professor and director of radiation therapy at the Oregon medical school. He said he found the chances of cure of certain tumors great ly enhanced by treating the tumor first with super voltage irradiation, and afterward re moving any persisting tumor by surgery. He said this was particularly true of cancer of the lung, rectum and bladder. Part Viruses Play Dr. Robert D. Koler, an as sociate professor of medicine, who is doing research in gene tics and hematology, de scribed the interest medical science has in the role that viruses play in cancer. He said that one of the "ex citing new fields" associates viruses with cancer, and it is known that many types of cancer in experimental ani mals are caused by viruses j and can be transmitted from j animal to animal. He said it is strongly suspected that vi- j ruses at least cause some types of cancer in human beings. Those attending the meet ing from Jackson county were I Mrs. John Day, K e n n e ' h ; Wright, Dr. Orval Eaton, Mrs. B. L. Wood, Mrs. Robert von dor Hellen . all of Medford, and Phil Selby, Dr. Robert M. Turner, president of the coun ty unit, and Mrs. Mahr Rcy mers, executive secrtary, Ashland. Oregon Farm loss May Top $100 Million Portland -OTH- The state director of the Farmers Home Administration says farm loss from the Oct. 12 windstorm in Oregon probably will ex ceed $100 million. Robert Pierce said It was still too early to assess the complete loss but that he would be surprised if the damage, when counted, did not exceed $100 millon. Nearly every one of the some 40.000 farms in western Oregon was damaged. In the famed trout fishing area of Rotorua in New Zea land's North Island, anything , raught under H inches ii 1 thrrtvn back into the walci. MuJiyJlNy ISLru U w Join the Fun and Savings of - - 1 r .. 1 J this gala event. All downtown j ...-- h II I , . 1 lW50 & Medford is in festive array for V "- g ' I .: rSvfi the occasion . . . with prices to . - Jl ji , - 0 E Tlf open ';J - - '-'r; (Model M 738) A J P.M. "k&mm pwf' 'WmmvJ Daylight blue picture I safp V?2 I JAM sAYr" ""T '"" ffll V 23" square corner picture V & J A ..XjTv f2 ! 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