Word: fund
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Dates: during 1950-1959
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...Bahrein. Belgrave persuaded the Sheik to take a step unprecedented for an Arab ruler: to split Bahrein's oil income ($8,500,000 in 1955) three ways−one-third to the Sheik, one-third to "the people" and one-third to a national reserve fund. The consequence is that while the oil wealth of neighboring Arab countries has often been squandered on Cadillacs, harems and princely pub-crawls, Bahrein's oil has helped to propel a whole people into the 20th century...
...Grosvenor, was forced to put 8,500 acres of the 9,000-acre estate up for sale so that she could pay off a ?70,000 ($196,000) inheritance tax. But she could find no buyer. Irishmen in Dublin, afraid that Killarney would fall into unsympathetic hands, started a fund-raising campaign, could raise only ?10,000. In the U.S., sharing similar fear, the Bartenders Association of Boston voted $1,000 (?357) for a "Save Killarney" fund-also not enough...
...successful was this undertaking that it was decided to conduct a fund drive to enable the College to memorialize the production on film. The faculty, administration and student body labored hard with a professional technical staff. The finished movie was shown by the Summer School last Thursday evening to an audience of some 250 persons in the Geographical Building Auditorium...
Last week, while the Inquirer kept mum, the News front-paged an announcement that it was donating $500 to start a fund for the family of the murdered truck driver. In the same issue the News ran an interview with District Attorney Victor Blanc. The district attorney charged that the motive in Turner's murder "involves payroll padding and padding of overtime pay on the Inquirer." Added Blanc: "The loan shark was a side issue, but we will go through that also. I hope we will be able to make an arrest before too many days-an arrest...
...born Robert L. (for Livingston) Garner, 61, who still talks in a deep Southern drawl, despite his 37 years as a Northern banker-businessman (vice president of Manhattan's Guaranty Trust Co., General Foods Corp. and, since 1947, the World Bank). Garner's IFC starts with a fund of $78.4 million, hopes to prove that private enterprise in underdeveloped countries pays off, attract other investors who might normally be wary of investing in backward lands...