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
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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.
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