204. Madam President, it is both an honour and a privilege for me to be able to convey to you, on behalf of my Government, my delegation and on my own personal behalf, our sincere congratulations on your election to preside over this Assembly, in particular because you are a woman and an African. 205. I should not like to continue my statement without pausing, to pay a tribute to your predecessor, Mr. Emilio Arenales, who with his tact and ability was able to guide the last session of the General Assembly to a successful conclusion. We should like to express our deepest condolences to the delegation of Guatemala, a Latin country to which we consider ourselves linked by common cultural ties inherited from Spain. 206. On behalf of my Government, I must also congratulate and thank the Secretary: General of the Organization in particular, and the United Nations in general, for the prompt and immediate attention and assistance which he gave my country during our brief period of national crisis early this year by sending his personal representative and a deputy. I also wish to pay a tribute to various experts of the Organization who are working so conscientiously in their various fields in my country. 207. I repeat that I wish, on behalf of my Government, to thank the organization for all the assistance that has been and is still being given to us through the dispatch of experts to advise us on the process of our national development. 208. Only 12 days from now we shall be celebrating the first anniversary of our independence, which we were able to obtain peacefully from Spain, as was reported in the world press. Four months after obtaining our national independence, for obvious reasons, my country went through a short period of public disturbances, a situation which, owing to the political talent of my President and his. Government and the complete co-operation of the Guinean people, was immediately brought under control. I prefer to make no reference to the exaggerated sensationalism expressed in certain sectors of the world press concerning the events which, as I have said, occurred in my country earlier this year. 209. I am pleased to report that in May this year, the Government of Spain and the Government of Equatorial Guinea met in the city of Bata to discuss bilaterally and on an equal footing the common interests which result from our long coexistence, a process which culminated in the signing of a number of political, economic, trade and other agreements. A legal expert of this Organization and some members of the Organization of African Unity were present in June when a Guinean-Spanish meeting was held in Santa Isabel, the capital of Equatorial Guinea, to proceed with the first phase of the cultural agreements. I had the privilege of participating in that meeting, which I venture to describe as a complete success. It remains to be mentioned that at the present time our relations with Spain are excellent, as can be confirmed by the Spanish delegation at this Assembly. 210. In respect of finance, my country has decided to remain in the “peseta zone” and it is our wish that, with the establishment of a National Bank, a dream that has already been realized, it will be possible for the Guinean peseta to circulate as from midnight on 12 October 1969. To that end, I was accredited by my Government to the International Bank for Reconstruction and Development and the International Monetary Fund in Washington to deal with all matters that concern Guinea in those international bodies and that might lead to the realization of our aspirations. I have to report that yesterday I went to Washington for the conclusion of the matters concerning our membership, the circulation of our currency, etc. 211. I should like to report that in this respect Spain has duly fulfilled its promise to facilitate my country’s admission to such international financial institutions as the International Monetary Fund and the International Bank for Reconstruction and Development. Membership in those institutions constitutes a very useful element in strengthening the new national currency and monetary system of the Republic of Equatorial Guinea. 212. My country is totally dedicated to the urgent and necessary task of economic, industrial, cultural, and agricultural development, as well as to development in the field of public health, and we invite private capital, from whatever source it may come, to make investments in Guinea; we will, of course, guarantee its investments. We extend the same invitation to all Governments, provided that, in compliance with any bilateral agreements that may be concluded, the sovereignty of the Republic of Equatorial Guinea is respected. 213. Needless to say, we maintain very good relations with our neighbouring countries; in order to strengthen such relations, in July of this year we appointed Ambassadors to Cameroon, Gabon, Nigeria and, of course, to Spain. For financial reasons, we have not gone beyond appointing an ambassador to Madrid in view of our close relations of coexistence with Spain, leaving to a subsequent stage the consideration of the establishment of further embassies in the other countries with which we maintain diplomatic relations. 214. I have great pleasure in stating that my country is a peace-loving one. This has been demonstrated by our entry, almost simultaneous with our attainment of national independence, into this great world Organization, thus joining those who profess the same ideals. 215. My country is working with all the means at its disposal for the liberation and unity of the African continent, as our membership in the Organization of African Unity attests. My country has proclaimed. itself to be non-aligned with either East or West, and abhors all forms of violence. It is deeply sorrowed by the sad civil war in Nigeria, a neighbouring and friendly country, because, as is well known, the relief flights to that area take off from Fernando Po, thus creating for Equatorial Guinea a delicate problem involving political and humanitarian considerations. 216. The long sad war in Viet-Nam and the daily intensification of the Middle East conflict are sources of great concern to my Government and we sincerely hope that those who are directly affected by those regrettable circumstances will, with the unstinted assistance of all of us and through their own efforts and understanding, be able to come together in the near future in order to solve the situation, not on the battlefield but at the conference table so as to bring about a peaceful settlement of those disputes. 217. My country is opposed to all colonialist countries that ignore the world-wide appeal of this Organization, as well as that of the Organization of African Unity, for the total and immediate decolonization and the independence of all colonial peoples. The same applies to human rights for all peoples. I refer in this regard to the situation now prevailing in South Africa, Rhodesia, Angola and Mozambique, as well as in Namibia and Guinea (Bissau).