Word: fleets
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...made only one loan: $5,000,000 to Thailand for a fish-refrigeration plant. But several other firm loan applications are in the works. Ceylon will shortly sign for a loan to improve tea production, Taiwan wants $5,000,000 for a fishing fleet, and Indonesia would like $150 million to increase food production. Malaysia has applied to ADB for a loan to build oil-palm mills, and two weeks ago the bank signed a technical-assistance agreement with the Philippines under which ADB will send five experts to see what can be done about the Philippine rice crop. Only...
...competitive debut, Ondine clipped two hours off the course record for the Buenos Aires-Rio run, covering 1,200 miles in less than 190 hours. Two weeks ago, in the 635-mile Newport-Bermuda race, Ondine was becalmed for twelve hours, but still led the 151-boat fleet across the finish. Her time-83 hrs. 12 min.-was a full hour faster than the second boat. Strictly for Power. Unlike most ocean-racing yachts, which are designed to compete on corrected rather than actual time (under a labyrinthine handicapping formula), Ondine is built strictly for brute power. "The only things...
...basic issue. The unions have flatly rejected management's effort to link wage increases to productivity agreements-a step Britain's Labor government calls essential to revive the country's sick economy. Similar labor strife has poisoned industrial relations across the U.K. Most of the jet fleet of British Overseas Airways Corp. lay idle at Heathrow Airport last week because of a strike by 1,050 pilots, who demand that their salaries be doubled to $31,000 a year. BOAC Chairman Sir Giles Guthrie calls the pilots "spoiled children." A three-week-old wildcat strike...
...ridicule, but lacked his father's offsetting attributes of literary genius and intellectual brilliance. He failed in three more attempts to win a seat in Parliament, cranked out nine undistinguished books, and wrote numerous newspaper columns in which he vented his wrath on Americans, British politicians and the Fleet Street press lords. "I'm a naughty tease," he explained. "I like to attack rich and powerful people." The London Observer mused that he was "dangerously over-inflated with hot air, bursting with ruderies, strained around the seams, self-sealing against the tin-tacks of opposition and criticism...
Died. Admiral of the Fleet Sir Philip Vian, 73, British naval hero, whose rescue of 300 seamen from the German prison ship Altmark in February 1940 was one of the few things Britons could cheer about that year; of a heart attack; in Newbury, England. After taking the destroyer Cossack into a Norwegian fiord at night, Vian put her alongside the Altmark, then led his men aboard, crying "The navy is here...