Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-20

finance almost all the building 0
Sources close to Premier c
Foreign Minister Dmitri Shepilov
had offered loan of f400 mil
lion ($1,120,OO0.O0O) for the
project at a low interest rate.
But they insisted that Col. Mas
ser refused to commit himself
before studying the advantages
of United States-British offers of
some outright grants plus a
World Bank loan.
Col. Nasser was said to be
wary of committing Egypt's cot
ton economy for a generation to
the Soviet bloc and paying off a
loan. Egyptian officials seem
convinced that the Russians will
demand the return of every cent
and that the West may be more
liberal with its money.
Mr.. Black cautiously said he
did not know if he would see
any Egyptian government off,
Gals on his brief visit. He came
here from Jidda, Saudi Arabia,
on a Middle East swing and said
he is leaving tomorrow. morning.
But Egypt's independence cele-
brations left little time for seri-
Gus talks today.
Russians Sum Higher
The pro-Western officials,
aware that the total reported
Russian sum was considered
more tempting than the Vests
combined offers, emphasized Mr..
Black had no need to raise the
ante and outbid the Russians.
All they wanted was to hear the
Western offers made final, they
said.
Col. Nasser watched 101 Com
munist-produced tanks and other
arms roll past in an uAprece-
denied four hour parade of
Egyptian military strength today.
Twenty-one Czech-made MIG
Jet fighters flew over while Col.
Nasser took the salute in the
parade, climaxing a three-day
celebration of the final with
drawal of British troops from
the Suez Canal Zone.
In addition to the tanks from
the Soviet bloc, 81 French-manu-
featured light tanks were dis
played. There were So Soviet
made troop carriers and 80 anti
tank guns of Communist design.
Col. Nasser said yesterday
Egypt must get strong $50 that
we may be able to restore the
rights of freedom and existence
to the people of Palestine"
Will Cooperate With All
HE told a cheering audience
jammed into Republic Square
that Egypt would cooperate
with Russia, the United States,
Britain or any other country
that put out its hand to Egypt.
But. he sadded: I'VE will not
accept cooperation at the ex-
pense of the nationalism of
Egypt or any other Arab coun-
tries"
I'VE must strengthen ourselves
to liberate all Arabs so that the
lands of the Arabs may belong
to them. so that the Palestine
tragedy may not be repeated,
and so that we may be able to |
restore to the people of PALESTINE
their right of freedom and exist \
ence," Col Nasser said,
In his outline of foreign policy
for the new republic, Col. Nasser
declared: 1--WE must preserve our
independence, guard our from 4
tiers and build our country. Wei
will be the enemy of those who
offend us and we will be the
friends of those who befriend us
Our own benefit will be the foun-
dation Of our policy"
At another point, Col. Nasser
announced: 1--WE shall cooper
ate with anybody or any country
ready to Cooperate with us to
build our country economically
and in all fields"
Col. Nasser included in his
statement announcements that
four years of martial law and
domestic press censorsnip-there
were no foreign press curbs-I
have been ended. and that be-
tween 1000 and 1900 political \
prisoners had been released.
Col. Nasser's speech was
made just day after Mr.. Shop |
ilov said the Arab world and