Secretary of State Dulles would prefer to see private capital eventually replace foreign-aid funds in overseas economic development, like the Dutch did well in facilitating private investment.

PRIVATE CAPITAL ABROAD

REGARDLESS of the drive to cut the Administration’s $3.9 billion foreign-aid program—and the chances are that it will be cut deeply—many a businessman feels that it is high time for a new and different approach to foreign aid. The most promising: encouraging greater activity abroad…