Word: imported
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...crates here and there. Cuffe also hired go-getting Sales Manager Al Papworth to bring in private cargoes. He did so by finding buyers and sellers for goods Pacific could carry. Examples: a Philippine glassmaker who was having trouble finding the right kind of sand was persuaded to import it from Del Monte, California; twelve Hong Kong importers who were short of cotton were sold California cotton surpluses; a deal was worked out to haul junked military equipment on Pacific islands to Japanese steel furnaces as scrap...
Under the stiff terms of last year's $300 million U.S. Export-Import Bank loan, Brazil was required to pay off the entire sum in two years, starting this fall...
After studying his figures on foreign-exchange availabilities, Bank of Brazil President Marcos de Souza Dantas decided that there was a question Washington must be asked: Did the Export-Import Bank want Brazil to cut its purchases from the U.S. by one-third, or would it rather maintain the flow of business by lengthening the period in which the loan could be repaid...
...Kemper's call was as effective as Souza Dantas' timely report on U.S. export prospects in Brazil. At week's end the Export-Import Bank announced that to "serve the mutual interests of trade and of the economies of the two countries," terms of the credit would be relaxed to permit Brazil to pay its debt over 7½ years. For his part, Souza Dantas said that half of Brazil's dollar earnings in excess of $1 billion (last year's total earnings: $765 million) would also be applied to reducing the debt...
...last spring a young (28) Manhattan musician named Fernando Valenti found himself stuck in a customs office in Peru. That big instrument he had with him, said the officials, was undeniably a piano, and therefore subject to import duty. It was not a piano, insisted Valenti; it was a harpsichord. Then and there, the oldtime mechanism of strings and quills was uncrated, and Valenti sat down to play while some 150 people listened. After an hour of music, officialdom was satisfied, and Valenti proceeded on his concert tour. "I have never refused to do anything unusual," he says, "so long...