Word: brand-new
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...course with the blood of a host of Europe's kingly houses, has a throne but no yacht. Most of her royal cousins have neither. Then Frederika got an idea: she and her husband, King Paul, would play hosts to their less fortunate relatives aboard Greece's brand-new 5,500-ton liner Agamemnon. Gratefully, the members of Europe's royal families swept aboard the ship at Naples...
...either within or without the British Commonwealth." Burma's stars at last seemed favorable: 31-year-old General Aung San, commander of the Burmese Defense army, agreed to lead the Cabinet; 39-year-old U Nu, anxious to return to his writing, became Speaker of Burma's brand-new Constituent Assembly...
Into the Race. This fall, Packard will replace its ancient Detroit operation with two new plants as modern as any in the industry. The brand-new V-8 engine for Packard's 1955 cars will be made at a $47 million plant in Utica, Mich., ten miles outside Detroit; the bodies, formerly made by Briggs, will now be made by Packard itself at a plant recently leased from Chrysler, thus saving a substantial amount of money that otherwise would go to subcontractors...
RETIRED WORKERS, 65 and over, get a brand-new tax credit amounting to 20% of their taxable income up to $1.200. If the retired taxpayer's wife is 65 or over, she also gets the 20% credit on $1,200 of her own income (or, in community-property states, on the next $1,200 of joint income). Those younger than 65 who are retired under local, state and federal pension plans also get this credit, but only on their pension incomes. In computing the credit, the taxpayer must subtract from the $1,200 base his social-security payments...
Another big reason for the purchase was the tax advantage the Statler chain will bring Hilton. For tax purposes, it was almost the same as building a brand-new group of hotels; Hilton can start depreciating them at the full purchase price and not just the value at which they are carried on the Statler company's tax books. The tax advantage for Hilton amounts to about $2,200,000 a year, which, with the $2,200,000 Statler can already charge off, raises Hilton Hotels Corp.'s total annual depreciation figure...