Word: cashing
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Dates: during 1920-1929
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...deficit will be enlarged 1) because the British Government under the new debt agreement is expected to pay the interest installment of $69,000,000 on its debt not in cash but in Liberty Bonds; 2) because of unexpected appropriations made in the closing hours of the 67th Con- gress...
...year the Russian State Bank has built up a gold reserve of $10,000,000. This sum has accrued largely from the 5% discount charged on all foreign exchange. Foreigners can cash cheques in their national currency, but minus 5%. Even this is more desirable than receiving a cartload of Russian rubles. ¶The Council of Labor and Defence, according to the Economic Life of Moscow, has resolved, in the interest of protecting domestic electrical industry, to prohibit the importation of all kinds of electrical materials. ¶The American Express Company announced that, in view of the improved Soviet banking...
...final question, often asked, is how profitable such corners in the stock market really are to their manipulators. Press estimates of Mr. Saunders' profits range between 2% and 7 millions. But this profit is, of course, on paper, not cash in the bank. Mr. Saunders, as the result of his operations, now owns most of the stock of his company. The southern banks will probably tire of carrying this stock for him indefinitely, especially as there is no good market for it. When he comes to sell it, his present paper profit will be greatly reduced by the operation...
...laws call for a single tax plan and will be progressive in character, with an ascending ratio of taxation based on the prosperity of the individual farmer. Unlike the tax of last year, it will not be paid in grain. It is estimated that about 20% will pay in cash, 20% in produce, and the remaining 60% in cash and produce. In determining how the tax will be paid the economic situation of each district will be taken into account...
...Paris, America is conferring with the Reparations Commission to effect a settlement of the United States Rhine Army Bill. America claims $250,000,000 for the maintenance of the army on the Rhine and demands cash payments. Although Germany is responsible for the upkeep of the Allied armies of occupation on the Rhine under the terms of the Treaty of Versailles, it is quite impossible for her to pay anything at present. The American proposition that the Allies should find the money from payments received from the Reparations Commission has met with a flat refusal, and Wadsworth has declined...