Word: funds
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Dates: during 1940-1949
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Angel. The hard-pressed British film industry, aching from financial bruises despite the soothing balm of U.S. critics, got some help from the government. Because private investors have shied away from the industry, the Board of Trade set up a $20 million fund to lend to distribution companies and independent producers at low interest rates. The board hopes to step up film production enough so that British theaters can show British movies 45% of the time, thus meet the new quota regulations against U.S. films. Hod Royalty. With building trade wages at a record high, bricklayers in New York were...
...interested in her idea, so she made the rounds. At the 15th she struck oil. The Rev. J. Henry Hardeman's Corinth Baptist Church was about to move from San Antonio's East Side to a new site. Mrs. Starr persuaded Hardeman that the $39,000 building fund should be used to turn the old church into a hospital instead. She put up her own $44,000 for equipment...
...hospital had raised some opposition. Ninety members of Corinth Baptist got out; they objected to the diversion of their $39,000 building fund (the congregation now worships in a private house), objected to the pastor's leasing the old building to Mrs. Starr for 20 years at a sum so low he refuses to name...
...last week John L. got a big break from Federal Judge T. Alan Goldsborough, who has twice slapped big fines on him. Judge Goldsborough dismissed the pension fund suits, adding that a $100-a-month pension for miners above 62 was "meager ... just enough to keep the miners from being objects of charity...
After that, the rest was easy. The coal operators caved in quickly and signed a contract which was a complete victory for John. It calls for: 1) a $1-a-day wage increase;* 2) renewal of a union shop; 3) a boost in the welfare-fund royalty from 10? to 20? a ton. Estimated cost to the operators: more than $200 million a year. Expected increase in the price of coal...