text: the Bahamas prosperity and happiness in its new life as an independent nation. 70. The PRESIDENT: I thank the representative of Austria for his congratulations and assurance of co- operation. 71. Mr. PEREZ DE CUELLAR (Peru) (interpreta- tion fmm Spanish): Mr. President, may I extend my congratulations to you and express my personal hap- piness at seeing you presiding over the Council’s work, to which you have already brought your well- known ability and experience. I wish also ,to extend my congratulations and thanks to the representative of the Soviet Union, Ambassador Malik, for the able way in which he presided over our important and difficult debates last month. 72. Peru, which was particularly gratified to greet the recent independence of the Commonwealth of the Bahamas, has now been able to give full support to the Security Council’s resolution recommending tha,t the General Assembly admit the Bahamas to member- ship of the United Nations. 73. My country and all the other countries of America have ancient and historic ties with this new State, because when Columbus first set foot on the soil of one of those islands, on 12 October 1492, he started the discovery and conquest of America. I am convinced that that fact will be the favourable symbol governing our co-operation with the Commonwealth of the Bahamas within the United Nations. 74. Furthermore, in the independence achieved by the Commonwealth of the Bahamas, my country sees a new and significant step towards the progressive, though slow, disappearance of all colonial dependencies front our continent. May I take this opportunity to recall that in resolutions adopted by the Tenth Inter- American Conference held in Caracas in 1954 the Latin American nations declared ,that nations pos- sessing colonies on American soil should hasten to adopt measures that, in accordance with the Charter 
analysis: The text appears to be a speech or statement made by a representative of Peru to the United Nations, congratulating the Bahamas on its independence and expressing support for its membership in the UN. The speaker highlights the historical ties between Peru and the Bahamas, as well as the significance of the Bahamas' independence in the context of the progressive disappearance of colonial dependencies in the Americas. The speech does not specifically mention economic development, natural resources, industry, or other technical categories.