Word: australian
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Dates: during 1960-1969
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...time he joined Henschel, Goergen bought up 27.5% of the company's stock, and by the end of 1960 he owned 95% of it. Last year he sold a 43.4% interest in the company to Paris-based Australian Financier Joseph R. Nash and a U.S. consortium including the Morgan Guaranty Trust Co., Yale University, and the General Tire Co. pension fund. One reason for the sale was that Goergen was finding it hard to persuade German banks to meet his ever-mounting demands for expansion capital. But he also had a nonfinancial motive. Says he: "I see great advantages...
...hand to watch it all were Sir Frank Packer's Australian spies, hovering around the fleet each day in their chartered motorboat. This month Gretel arrives to start her own trial series against Vim, her chartered workhorse, and the Aussies could be sure that Hood, Mosbacher & Co. would be around to observe...
Since Australia was settled 180 years ago, the mainstay of its economy has always been British purchases of Australian wheat and wool. Now, with Britain dickering for membership in the Common Market and the whole system of Commonwealth tariff preferences threatened with extinction, Australia is looking around anxiously for other agricultural customers. And its eye has lit on Red China, whose own monumental crop failures have forced it to buy grain abroad. During the past two years, with the purchase of $180 million worth of Australian wheat, barley, oats and flour, Red China has become Australia's fourth biggest...
...tennis has been good to Amateur Rod ("The Rocket") Laver: it has lured away everyone who might make the nimble Australian redhead work up a sweat on the courts. For years. Lefthander Laver, 23, labored as a B-team scrub on the great Down Under squads that dominated amateur tennis, taking his lumps regularly from such talented first-stringers as Lew Hoad, Ken Rosewall and Ashley Cooper. Even after the varsity turned pro, Laver could not seem to win the big ones: he lost twice in the finals at Wimbledon, twice more at Forest Hills. But this year The Rocket...
...stroke-just before contact with the ball -that permits him to hit the ball flat, give it top spin, or impart a low-bouncing underspin. At Wimbledon last week, everything worked, and the ball acted as if it had corners. "No one could have lived with Laver today," said Australian Team Manager Alf Chave, after Laver's victory in the finals. "Mulligan's only chance would have been to go out and buy a rifle...