Word: lenders
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...father-in-law, A.P. inherited a directorship in San Francisco's Columbus Savings & Loan Society. He soon clashed with other directors over their policy of lending only to a favored few, and walked out in a huff to found the Bank of Italy. It became known as a lender to the little...
Banks. The World Bank, turning from lender to broker, got ten U.S. banks to lend four Dutch shipping firms $12,000,000 to buy cargo-passenger vessels. Henceforth, said Vice President Robert L. Garner, the World Bank will try to steer foreign loans to private institutions...
Last week, just 21 days before his first year was up, Director Allen announced he was quitting RFC to resume some directorships and his role as unofficial ambassador for the President. Despite his airy ways, George Allen had proved a conservative lender, an apparently able dealer, and the real administrator of R.F.C.* Under his administration...
...guaranty or insurance to be granted by the Veterans Administration, that is subject to limitation. Where the loan is to purchase real estate, the guaranty may not exceed $4,000, or 50% of the loan, or the insurance credit $4,000, or 15% of the loan, but if the lender is satisfied as to the veteran's ability to pay the carrying charges, there is no limit to the amount of money that may be loaned. On non-real-estate loans, the same holds true, except that the limitation is $2,000 instead...
...loan that Canada's 12,000,000 people were now granting to the mother country was bigger, in terms of lender's capacity, than the proposed U.S. loan. Furthermore, it would saddle the Canadian taxpayer with a sizable new burden: he would have to pay all the interest himself, some $30,000,000 a year, until 1951; after that he would have to pay an estimated $12,000,000 a year interest (because Canada would borrow the money from banks at about 3%, lend it to Britain...