Word: interests
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Dates: during 1940-1949
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Henceforth the railway system which handles more passengers than any other in the world would be owned & operated, along with all other public transport, by the British government. For about $4 billion worth of shares, railway shareholders received an equal amount of new gilt-edged securities bearing 3% interest guaranteed by the government; the change was not as bad as many had feared...
Trade-In. The Italian government followed up its monetary reform at home (TIME, Dec. 8) with a move to re-establish its credit abroad: it offered to exchange defaulted Italian bonds, par value $67,936,100, for a new 30-year issue with interest payable in dollars (1% until 1950, 3% from 1952 on). SEC lifted the wartime ban on trading in Italian bonds...
With a Viking's daring, blue-eyed Axel Wenner-Gren founded the Swedish-Electrolux Co. in 1919 and girdled the world with its subsidiaries. Before long, he also controlled the Swedish paper-pulp trust. He bought out Krupp's interest in Sweden's Bofors antiaircraft gun, and started a military airplane plant to make the things the guns shoot...
Love from a Stranger (Eagle-Lion) is another of those innumerable melodramas based on the Bluebeard theme (Chaplin's Monsieur Verdoux turned it into major satire). It is doubtful that anybody will want to boycott this one: it has no moral, no psychological force-and no interest...
Canada's government had decided that it was in Canada's interest to sell surplus warplanes (and ammunition for their guns) to the Nationalist government of China. Theoretically, Ottawa's policy toward the Chinese civil war was still "hands off," but by selling excess war equipment the government saw a chance to turn an honest dollar. For 323 Mosquito fighter-bombers, and to put them in condition for shipping, China spent...