Word: annually
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Dates: during 1960-1969
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...proceeds of the bonds, they are willing to accept a lower interest rate than they otherwise would demand. Currently, the interest rate on the tax-exempt bonds is slightly more than four per cent. Borrowing at a bank can cost about seven per cent. Harvard gets an annual return of about 5.8 per cent on its general investment funds...
...example, has just imposed a requirement that importers of "nonessentials"-including almost all manufactured products-must deposit half the price of the goods with the government for six months. Despite such restrictions, world trade, which grew by only 5% in 1967, is expected to regain its more normal 8% annual expansion rate this year. Much of the gain will be due to the voracious U.S. appetite for foreign goods...
...R.A.F. VC-10s instead of Eagle planes. Finally, when BOAC complained that Eagle was trying to turn a low-rate, special-tour authorization to the Caribbean into a regular run, the licensing board revoked Eagle's authorization to fly there. It thereby wiped away $5,000,000 in annual revenues for the airline. Hambros Bank Ltd., the prestigious London banking house, started to arrange a refinancing, but backed out after the government decision in the Caribbean case...
Service Stations Too. Almost inevitably, the auto boom has brought problems along with progress. Petrobras, the state oil company, has long hoped to supply all of Brazil's petroleum from domestic wells. But the rising statistics of auto ownership obliges Brazil to import about 50% of its annual supply. The $260 million oil bill that car drivers run up more than offsets the savings on auto imports. As such, it is a primary factor in the country's painful balance-of-payments deficit...
Eight days after the disastrous Harvard-Yale game, Brian Dowling won a minor victory in Boston as the Gridiron Club named him winner of the annual George "Bulger" Lowe award as New England's outstanding college football player. Dowling will come back to Boston on Dec. 10 to receive the award at a banquet...