Word: exports
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Dates: during 1960-1969
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...said the Russians were paying the top-grade price of $1.93 a bu., or almost $450 million. Coupled with other sales to Red China, Czechoslovakia and Bulgaria, the new deal guarantees a market for Canada's entire 1965 wheat crop (estimated at 800 million bu.), will boost wheat export earnings to a record $1.2 billion this year and cut deeply into Canada's $453-mil-lion balance-of-payments deficit. In return, Sharp promised Russian Trade Delegate Nikolai Ossipov that Canada would increase its purchases from Russia, now a mere $3,000,000 yearly...
...camps in Italy, was so prized by his U.S. captors that he was one of the last prisoners released. He embarked on a career in lieder singing in 1948, since then has almost single-handedly managed to elevate the art to its present high level of widespread popularity. Celebrated Export. A beefy 6 ft. 2 in., with the dimpled look of a heavyweight cherub, Fischer-Dieskau is today Germany's most celebrated musical export. He is booked three years in advance, shuttles between continents like a suburban commuter to meet his breakneck schedule, averages an income...
Among the bank's most important customers are Thai farmers, whose rice and corn bring in 42% of Thailand's export income and account for much of its 6% economic growth rate. In the first program of its kind, the bank makes crop loans at 12% to 15% interest-compared to the 180% some village moneylenders charge-and has written 9,000 loans averaging $150 each, with practically no defaults...
...further help the peasantry, the bank has recently put forward a much-debated plan for revamping the Thai economy. It not only calls for crop-support programs, but also urges repeal of the 25% export tax on rice, by which the government gets 8% of its revenues. Farm taxes would be replaced by excises on tobacco and urban property, helping distribute the nation's tax load and its income more equitably, aiding Thailand's industries by giving farmers more power to purchase manufactured goods. The government publicly opposes the idea, but some officials privately favor...
Chin Up. Controversy is nothing new to the businessman who controls 60% of the bank's stock, President Chin Sophonpanich, 54. He made-and lost -several fortunes in the export-import trade, fell out with the late Prime Minister Sarit Thanarat, and lived outside the country from 1957 until last year. Even in his long exile in Hong Kong, Chin used his wide international contacts to build up the bank's foreign business, left its local affairs in the hands of a youthful staff. Whatever its reservations about Chin, the government is happy to see his bank prosper...