Word: heathcoate
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...Last week after Timken Roller Bearing Co. had offered $30.5 million for the outstanding British-held shares of British Timken Ltd., Laborite Harold Wilson rose in the House of Commons to ask whether the trend was not "cause for alarm or action." Calmly replied Chancellor of the Exchequer Derick Heathcoat Amory: "I should remind you that the amount of net investment we have made abroad enormously exceeds any net foreign investment made in this country over recent years." Wrote the News Chronicle's Michael Gassman: "There should be no scare that the Yanks are coming. They are already here...
...British taxpayer got good news last week. Last year Chancellor of the Exchequer Derick Heathcoat Amory put through such a severe anti-inflation budget that he now had a large cash surplus. So this year he was able to put an extra billion or more into the hands of spenders and investors. Items...
...reasonable and practical settlement," Chancellor of the Exchequer Derick Heathcoat Amory called it, but nobody else in Britain was much cheered by the terms. Heathcoat Amory had to admit that the value of business property for which the Egyptians are to pay $87 million was estimated by Britain at $126 million, and the Egyptians themselves put the value at $107 million...
Brooding over this unsettling report, British Chancellor of the Exchequer Derick Heathcoat Amory two weeks ago took advantage of a routine Paris meeting of the Organization for European Economic Cooperation to discuss some highly private business with West German Economics Minister Ludwig Erhard and French Finance Minister Antoine Pinay. The fruits of that chat were harvested late last week, when the British treasury laconically announced that it had decided to make the pound sterling "externally convertible...
Britain's Heathcoat Amory, juggling the controls to open up the economy last week gave British banks power to grant more credit without Treasury approval...