Word: consortium
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Dates: during 1960-1969
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Last week the U.S. announced it was making available to a consortium of church relief groups four giant C-97 Stratofreighter cargo planes, and another four to the International Red Cross. The relief groups will get the aircraft-each capable of hauling 18 tons of cargo-at the bargain price of about $4,000 apiece, with the proviso that the planes are to be used exclusively for shipment of food and medical supplies to noncombatants. The decision to make the planes available was the result of pleas by a number of private individuals and church organizations. Also crucial was Senator...
...increasing and reserves decreasing, oilmen decided to take advantage of a state auction of North Slope oil leases. Companies like Sinclair, British Petroleum, Union Oil and Atlantic-Richfield spudded about 30 wells and came up with nothing worthwhile. Then, after drilling through the permafrost to 9,500 ft., a consortium of Atlantic-Richfield and Humble Oil last spring brought in a well named Prudhoe Bay State No. 1. When high-grade oil in sufficient flow was located seven miles away at a second well, Sag River State No. 1, oilmen knew that they had struck a major field...
...Queensland Alumina Ltd. operation, for instance, Australian ownership is less than 1%; the remainder is held by British, Canadian, U.S. and French companies in consortium. Mount Goldsworthy Mining Associates, which ships 4,000,000 tons of iron ore to Japan annually, is 8% Australian and 92% British and American. The only large project in which Australians hold a majority interest, Gorton was told, is the Mount Newman iron mines, where their share...
...also stretching the S.B.A.'s $1.1 billion loan kitty by guaranteeing loans made by private lenders, has lined up support from dozens of major banks. Last week five of Manhattan's largest banks agreed to provide up to $50 million to help minority businessmen. A consortium of 23 Houston banks has pledged $7,000,000 for the same purpose, a nine-bank group in Philadelphia, $6,000,000, a group in Boston...
...track builder for Western railroads. It undertook dozens of rail projects, notably a 725-mile stretch (with 45 tunnels) of Western Pacific line through the Sierra Nevada and the Feather River Canyon. In the 1930s, Utah started its all-out expansion. It became one of Six Companies, Inc., a consortium that also included Henry Kaiser and Morrison-Knudsen Co., which bid jointly on Hoover, Bonneville and many another mammoth engineering project in the booming West. The Six Companies have long since separated, but Utah is still heavily involved in construction. It currently has a $102 million backlog of orders ranging...