Word: importations
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Dates: during 1950-1959
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...from Lima, Peru, changed trades. He decided that he could make more money selling guano fertilizer (bird droppings) than from ship supplies He was right. By the time he died in 1904. his W. R. Grace & Co. was a multimillion-dollar empire whose ship lines, sales agencies, railroads and import-export business touched almost every town and hamlet along South America's west coast...
...crimson robe decked with ermine, Professor André Gros argued for France that the treaty was an archaic document under which the U.S. was trying to build a "quasi-protectorate" of its own in Morocco. The American businessmen in Morocco, Lawyer Gros said, were engaged in privileged import and money-exchange activities "based on fraud," and could not be checked by local laws...
Last week Presiding Judge Sir Arnold McNair (a Briton) delivered the majority opinion: 1) the 1948 import restrictions are illegal and Americans have the right to import goods to French Morocco on the same terms as Frenchmen; 2) U.S. citizens in certain civil and criminal cases may claim the right to be heard in U.S. consular courts, but in other cases are subject to Moroccan laws; 3) U.S. citizens in Morocco must pay Moroccan taxes...
...fast and lived beyond their means"). His advice for Australia, and also for Britain: "They can reduce the demand on their resources or they can increase their output . . . produce more or use less at home . . . find more things to export so they can find the money with which to import...
Harry Truman, who had defied one lobby by refusing to raise the tariff on Swiss watches (TIME, Aug. 25), last week defied another. Despite the protests of 13,000 independent U.S. oil producers, he approved a slash of as much as 50% in import duties on Venezuelan oil (e.g., from 10½? to 5¼? on "low gravity" oil), and abolished all import quotas...