Word: coale
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Dates: during 1940-1949
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...explained that "socialism has gone about half way in India"; with the nationalization of public utilities, defense industries, the radio, steel, coal, and fuel production completed or pending, everything else will be left to private enterprise...
Mohamed Ali Jinnah is a skillful political leader who cannot be bothered with economics. When Pakistan was still a Moslem dream, a correspondent repeated to Jinnah the Hindu argument that Pakistan would not work because the proposed state lacked coal, industry and other economic resources. Answered Jinnah: "Why should they care if I starve?" Last week, after less than four months of independence, Pakistan was an economic wreck, and serious social unrest was rising...
Pakistan is getting coal only by paying three times the market rate. At that, its railroads have only enough for 20 days' restricted operation. They are now carrying no freight-only refugees. Indian warehouses are glutted with textiles intended for Pakistan, which cannot make its own and now cannot pay for shipments from India...
...desperate salvage measures. It imposed a $5-a-bale export duty on raw jute moving from East Pakistan to the jute mills of Calcutta (in India). The tax violated a temporary free-trade agreement between the dominions. This would probably provoke retaliation from India, which could stop sending all coal and manufactured goods to Pakistan...
Even before Sun acted, Acting Interior Secretary Oscar L. Chapman had called for price control and rationing of oil, along with coal. Socony-Vacuum was already rationing its East Coast dealers, and last week Standard Oil of Kentucky did the same for its 3,000 Alabama dealers. But the industry was still on the price spot...