Word: fixed
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Dates: during 1920-1929
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Purpose of Committee. Mr. Young continued: "The first Dawes committee was not authorized to fix the total amount which Germany was under obligation to pay. It fixed only a standard annuity, which was to continue until some other arrangement was made...
Gasoline. Can a state legislature fix the price of gasoline? In 1927 the Tennessee legislature had declared gasoline a "public utility," subject to state price-fixing. The Standard Oil Co. of Louisiana and the Texas Co. protested. The Supreme Court agreed with them. It ruled that gasoline is one of the "ordinary commodities of trade" and "not affected with public interest" and therefore not a public utility...
...fewer words: The new Committee will fix the total sum which Germany must pay in Reparations and the length of time over which payments will be made...
Price is a difficult thing for a motor manufacturer to fix. Labor costs so-much, material so-much. Not in all cases is it possible to economize by making one's own parts. It often is cheaper to buy from a large-scale parts factory. In a list of 93 models, for example, 13 used Lycoming motors, 14 Continentals. Ford, famed for controlling all manufacturing steps from raw material to finished cars, last week had contracted to buy batteries, tires, bodies, shock absorbers from outside companies.* All manufacturers seem to give good value in 1929 cars. The table...
Some months ago the Nationalists served notice that they would no longer tolerate foreign control of China's tariff machinery (TIME, June 25); and last week it appeared that no Great Power except Japan would challenge China's present determination to fix her tariffs without foreign interference. The new schedules provide an average tariff of 18%, as opposed to the former 5% plus 2.5% surtax. In defending this sharp increase Finance Minister T. V. Soong declared, probably quite truthfully, that the new Nationalist Government is "in imperative need of funds" to liquidate their Civil War Debt and carry...