Word: defray
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...Sabry has begun a reform of Egypt's stagnant economy, and Nasser has so far given him full support. To increase government revenue, Premier Zakaria Mohieddin has sharply raised Egypt's inadequate personal income tax and has added a "defense tax" on all sales to help defray military costs. He has jacked up tariffs on nonessential imports to save foreign exchange. He has also hiked the cost of luxury goods 25% (to reduce demand) and set low price ceilings on most foodstuffs (to curb inflation). To show that he means business, into Cairo's marketplaces he sent...
...grant from the Boston Permanent Charity Fund and will use part of it to pay six students now working as volunteers in the project to stay in the City over the summer and run the camp. Campers will also be asked to pay $2 a week to defray costs. Volunteers from the Summer School and from Cambridge will aid the six paid workers in managing the camp...
...sharpest battles will come over heavier taxes levied on major industries hat benefit from specialized federal services. The budget seeks increased fuel and equipment taxes on trucks and buses to bring in another $247 million annually and help defray the additional $5.8 billion that will be needed to finish the 41,000-mile federal highways system. It also asks $240 million more in taxes on aviation fuels and the flourishing air-freight business, and a continuation of the 5% surcharge on airline passenger tickets. Truckers, airlines and inland-waterway operators, the last of which would have...
Last week's combined Harvard-Radcliffe SNCC fund drive netted over $2000. The money was collected throughout the University through the sale of lapel-buttons and folk song records and was sent to Atlanta this week to help defray the costs incurred by SNCC workers in the field...
Harvard expects to be able to meet the cost of the entire program, but hopes to get foundation help to defray some of the expense, Ford said. He pointed out that if the History, Government, Economics, and English Departments are all awarding the new fellowships for up to five years of study, the total cost of financial aid to graduate students will be up by 50 per cent...