Word: exporting
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Dates: during 1960-1969
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...Philip. "It is true, of course, that the plumbing in some of our older houses is not all that it might be, but that doesn't alter the fact that three out of every five gas turbines flying or on order in the entire Western world are British." Export, or Else. Although Britain's economy is booming and exports last year reached a record $9,676,800,000 (v. $6,317,000,000 in 1950), Britain faces serious dollar difficulties. Last winter the government relaxed the last major restrictions against dollar imports, and since then, British merchants have...
...depending principally on the tried and tested. On display is the Rolls-Royce Conway by-pass jet engine, already powering newer models of both the DC-8 and Boeing 707. Sales of nonelectrical machinery jumped last year to $125 million, replacing Scotch as Britain's second largest export item to the U.S. Machinery manufacturers, trying harder than ever, were showing an extremely wide range of machines at the Coliseum from those that counted currency to those that made cigarettes...
Latin Americans who look north to the U.S. for the funds that they need to build their way out of backwardness inevitably focus on the U.S. Government's biggest single source of foreign-development capital, the Export-Import Bank of Washington. What they find is a bank that this year is lending seven times as much development capital as it did a decade ago, a bank that takes the risks that Wall Street shuns-yet a businesslike bank that holds to hard-loan standards...
...Export-Import Bank was chartered in Depression-struck 1934 to help finance U.S. exports, and a provision was included that all loans to foreign nations must be spent on U.S. exports. Franklin D. Roosevelt and Bank Founder Jesse Jones primarily intended that the bank should finance trade with the Soviet Union, but this deal fell through when Russia refused to refinance its public and private debts to the U.S. The first Ex-Im loan then went to Cuba to finance the minting of Cuban silver coins...
...EXPORT SURGE in April brought U.S. total for first four months to $6.3 billion, a rise of 22% over the same period last year. Imports totaled $5 billion. Exports in 1960 are now expected to exceed imports by at least $2.5 billion, thus come closer to ending U.S. deficit ($3.7 billion in 1959) in balance of payments...