Word: cashing
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Dates: during 1950-1959
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...once they are in production, must pay at least half of their profits to the Venezuelan treasury. But to get concessions in the first place, they must make bids, offering what the law calls "special advantages" to Venezuela, e.g., guarantees to refine more oil in Venezuela, bonuses of plain cash. The bidders, for the most part big foreign oil companies, have generally chosen to pay cash. The government has recently collected, or is about to collect, a cool $310 million for 720,000 acres of concessions. Item...
...strong-arm government of President Marcos Perez Jimenez, bent on buying popularity through a spectacular splurge in roads, schools and public housing, is pouring out even more than its whopping oil income of about $600 million a year. Selling new concessions is a way to get plenty of quick cash. With oilmen flying south on nearly every plane, and with the likes of Texas' Multimillionaire Wheeler-Dealer Clint Murchison settling down in Caracas' Hotel Tamanaco, the Gaceta Oficial will probably print a lot more exciting news in coming months...
Today there are 60 residents at Koinonia-45 whites and 15 Negroes. The 440 acres have grown to 1,103, with cash crops of peanuts, corn, cotton, cattle, hogs, goats and poultry...
TRADER GENTILI Profits from Mao, cash for Nenni...
...Jack Daniel's for years, paid it the ultimate compliment. Louisville's Brown-Forman Distillers Corp. (Old Forester, Early Times) bought out Jack Daniel's stockholders and its Motlow brothers, who owned 55% of the company, took control of the distillery. The price: $20 million in cash. Jack Daniel's 54-bbl. daily production is only a drop in Brown-Forman's (500 bbls. daily) bucket. But the name is well worth the price. Brown-Forman President George Garvin Brown carefully and promptly announced that the Motlows will still run Jack Daniel...