Word: freeport
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Dates: during 1960-1969
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...descendants of immigrants who came from as far away as Genoa, Malta, Arab countries and India-hold an anachronistic loyalty to Britain. Two years ago, they voted 12,138 to 44 in favor of staying British, and posters still enjoin: KEEP GIBRALTAR TIDY-KEEP IT BRITISH. Gibraltar has virtual freeport status, and its tidy bazaar economy caters to an average 2,200 tourists a day. Britain has committed a million pounds sterling to building a water-distillation plant and housing for married servicemen...
Floating Hospital. A second day in a second port (the Bahamian Las Vegas, Freeport) imparts a healthy glow to the passengers for the homeward cruise. By now, the romances that are to be are under way, while the unmatched and the uninterested have found other outlets for their energies. A few eccentrics begin to make their presence known. One woman writes a note to the cruise director: "There is a group of men and women aboard ship," she begins, "who are using fictitious names-one is a chief of police, here with his mistress or possibly unknown wife not united...
Stony Seas. The Bahamas 500 is the granddaddy of all powerboat races-a 589-mile suicide circle around the islands starting and ending at Freeport Grand Bahama. For most of the 37 boats in last week's 500, the race ended elsewhere. Driving rain drenched the crews, and visibility was down to zero as fierce squalls kicked up 5-ft. swells. Florida's John Heinrich was only 30 miles out of Freeport when waves ripped the deck off his 26-ft. Alim outboard. Between Chub Cay and Nassau, the 24-ft. Nova inboard of Miamian Allan Brown...
Died. James H. Rand Jr., 81, co-founder of Remington Rand Inc. and the merger genius who helped create the giant Sperry Rand Corp.; of cancer; in Freeport, Grand Bahama Island. "Go out and make a living!" Rand Sr., founder of the Rand Ledger Co., brusquely told his business-minded son in 1915. Rand proceeded to turn a borrowed $10,000 into the American Kardex Co., which marketed a filing cabinet he had invented, then in 1925 merged with his father's company, and in 1927 with the Remington Typewriter Co. The final merger, with the Sperry Corp...
Seven oil-exploration contracts have been awarded to eager bidders, among them the U.S.'s Continental and Union Oil companies. Surveying for copper, Freeport Sulphur Co. recently found high-grade (4%) ore, and may invest up to $100 million to exploit it. International Nickel just got the go-ahead to start a $1,500,000 survey of nickel deposits on the island of Sulawesi (Celebes), and may invest $100 million. Bethlehem Steel has expressed interest in tin deposits, Boise Cascade in logging concessions. ITT agreed to build a satellite relay station near Djakarta at a cost...