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104-10172-10041

2025 RELEASE UNDER THE PRESIDENT JOHN F. KENNEDY ASSASSINATION RECORDS ACT OF 1992

NUUINO AND RECORO SHEET

FiChe:

RIDI

la sha aboarco al comanal or indication ol ectio

alre this conor danel and to destroyed ton ol

doswapt is Mod

COMMENTS

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3.

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10.

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12.

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110/ED1

1 3 MAR 1970

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reclasay

to

+02:201-25/85.3

+x08-3/41,399

17.

18.

19.

Bid

1400L

ABSTRACT

INDEX

ENCLOSURE

DATE MICROFILMEO

8100

USE PRETIOUS

EDITIONS

дб

sip more.

221-251853

FILE NUMBER

DOCUMENT CATE

DOCUMENT MUMBLA

3I Quy 1954

іНКН - 02130

SECRET

(80)

RETURN TO CIA

Background Use Only

Do Not Reproduce

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## Page 2

14-00000

Ka5132

OPERATIONAL ANO SOURCE COVER SHEET

FROM:

Rebana

TRE.

REPORI APROVED BY: Hoodrov C. 011en

DATE OF REPORT, 21 AuguSt 1959_

DISTRISUTION:

By coby lor 3 - Headquertero s/est

1 - Enbasso (Lechoalo Counsalos)

1 - Logal Attaché

2 - FIlos

SOURCE CRYPTONYM,

See Cormonto belou_

SOURCE, OPERATIONAL DATA, AND CONHENTS:"

SUBJECIS Cuban Econculo Crista

NUMER PAGES: 3

NUMSER INCLOSUTES: Sone

REFERENCES:

None.

Flaid File No, 6-0-120

MG NU:

DD NO.:

KRYPTON: O Yos

SPERATIONA, COMENTE' 05

08

Sourco Alborto, FERRUND:Z Rochavarria, Ebe chios of the Cuben Sugar Stabllisation

Board uho has tho joo af selling Cuba'a sugar? à fortor active sambar ar toa 20 ar

July Moverent during the revolutica, he 19 nou disillusionod, and rapartadly 1s sot

going to last much longer in his job. He is vealthy and his fazily bara lost

through CASTRO' & ecosumie reforms.

He appears to know s Int about the gerarament and

also seEns to have an insight into CASTRO... He regards CASTRO aS sOne tupo of a

UNIVAC machino, bis mind autonaticall photostating detalls hich bs ous and will use

in tho futuro.

He says that CASTRO 13 rithloas, and that nothing can stoo his 1o bio

dotermination to do armetbing, 1.a., agrarian refors, and that lo vill sacrifico bis

Irlonds, bis family, lis soney, and bis tortura lo acuomplisa sis purpaso.

Again 1llustrating the present situation in Cuba, the sourco sair thet ho cansot

•pablioly have contaots l1th Aserluan officials-rarising to lot the uritar uso his

telophons-and he sald that a record 1s kopt of all lis calls and that his sovemento

aro periodically chocked.

tho adrisor who varnal CASTRO lu paragrapa ona of the atrachod repari vas the

вошгов.

As a possible roferance to uhis report and particalarly io flald cossant mumber

trO, 800 HATA-2526. TDCS - 3/$00,583

he second souros referred to in Flald Consant 80. 2 vas AVPACX-I sibo obtelne.

1a Lafornation trou the proaident of tha Banco Industrial de Gaba.

0.8.

H1S-2230

281-251853

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## Page 3

14-00000

FIELD INFORMATION REPORT

Poure a double a randon deesome Prescrie

tasted course si.

I Conio ty over ence penient dot reliable soures 2. Probably true.

$. 9285440579

6. Carrat Do purgro

Doo.-an1ary. Bard on 0rriinal document

C-0-17-F-I-D-E-#-T-I-A-L

COUNTRY Cuba

REPORT NO.

SUBJECT E Cuban Econosio Cristo

DATE OF REPORT

NO. OF PAGES

REFERENCES

1 Dollar s roussy

HXH-2230

21 Auguat 1959

2

Rono

DATE OF

INFO.

July-August 1959

PLACE &

DATE ACQ. Suble Egbang (20 August 1959)

SOURCE EVALUATIONS ARE DEFINITIVE. APPRAiSAL OF CONTENT IS TENTATIVE. NOTE FOREGOING EXPLANATION.

SOURCE,

Cuban Corerisent Osf1clal (P).

Appraised dE Content: 3

I. fontrary to the reports which are issued by the Cuban Governont, tho

financial status of the Cuban econouy 18 rapidly deteriorating and

boconing a serious problem. During July 1959 an advisor to Primo

Ministar fidal CAstho luse werned hin to proceed nora alonly with the

agrarian reform, because the Cuban treasury was running sbort of funda.

It was pointed out that 57 sugar mills were barkrupt and bad sot pald

the plantation ownors for the 1959 sugar crop. CASTSO was told that

1l the reckless confiscation of agricultural propertios contimiod, tho

Cuban Government would becone obligated to assume even nure debts in

order to alleviato the hunger of lara vorkera. I

2. Another drain va the oconory is goverment subsidios. For example,

the danoo de Desarrollo Econonico y Social (BANDES, Social add

Economio Development Bank) coutrola about U. S. $400 a111103 In

properties and investaents such as the Compuñla Cubana de Aviacion

(Cuban Airlino Conpany). The compastes have boen asusht in the

presont contraction of capital and cannot survive without goverment

subsidies. The subsidies paid by BAND'S amount to U. S. 88 million

a month, and this 18 only 0ne exemple of the many payments ubich are

draining the Cuban treasury. ?

Eield Corments.

1. Pros tho reporte undoh baro boon peootred Is appears that there 1e

musing unemployment of farn sorkers. This is the "daad season"

be period between sugar cene barvests--but it is roportad that

most plantation owners and ranchers are fearful of contiacation of

their proportios for the agrarian reform prograny and consoquently

are doing very littlo in the vay of maintenance vark. The lattor

provided at least a marginal firld of employment, and this 10 sor

deniod to

14a, agrioultural vorkers. Honoros, In spito or this

varing; the ágrarlan refora progran has not been aloved. In

fact, It seems to have been intensifiad.

C-O-N-F-I-D-E-M-T-I-A-L

DISTRISUTION

281-25/873.

... iden

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## Page 4

0-0-17

The fours kbought that nothing could atop i1st90 in blo desomination

2. to procod vils the asterian rolora prostes as last as poesible. Sinoo

the blesos: obatacle to carrying out this progran 1s the lack of saroy.

tho tounce sas ni the opinior that GistRa vould do anything to obtaío

this money dal sight even conflacato beat secounts and sodays and Dega

tiable irstrunonts.hold in safoty deposit saxos. Carrying tble ono

stop furthar, tea source thought such coifiscatory tactics could only.

bo & texporary sating dovice and that evestually 1t would be necessary

for CAStiù i obtain a largo loan so notter country. Fo speculatod

that this voald seen ofther the Unitod States or the Soviet Unfor, asi

feared that if it vore the lattory it would rean the end of friendly

solations vita tha Unitod Statoo.

In respect to CASTRO' a possiblo

need for a loan, anotbor, lairly rallable source roported on 18 August

2ng that Cista vas trying to obtain a 30, 10, u00-posa 1000 10 un

-AH-25A5EE

C-O-N-P-I-D-E-N-T-I-A-L

1-÷51153

2281-2-5/853

s4x.25/153

1.

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