Word: loan
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Dates: during 1940-1949
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Last summer the U.S., like a rather heavy uncle, felt obliged to stop Britain's spending money. Washington froze the last $400 million on the 1946 loan (all that was left of the original $3,750 million) because the British had not been able to keep sterling freely convertible. Last week Washington unfroze the $400 million...
Asserting that "the economic argument for the release of the purveyor list can be neither ignored nor denied," the report "finds it hard to square Vice-President Reynolds' position with his 'ethical' objections," and asks for a loan from the College as a temporary arrangement during the present inflationary period. Finally, the Committee recommends that the classes of '49 and '50 move to set up Album boards immediately...
...Call for Help. Despite this attitude, there have been hints that Pakistan might turn to Russia for financial help. And such hints, in turn, might be connected with reports that Pakistan would ask Washington for a loan. By last weekend, however, Washington had received no such request, and no Pakistan official had offered any public solution of the mess...
...more than just get along. He kept plugging for better management of the British mines. He helped revise the convertibility provisions of the British loan. He had already helped lay down the occupation policy for Germany as a special adviser to General Lucius Clay in 1945. As much as any man, he did the spadework for the new U.S. policy in Germany (by talking France into raising the level of industry; by recommending increased U.S. supervision in the Ruhr in return for more U.S. dollars...
...million credit loan from the U.S. Export-Import Bank was not particularly disturbing, nor were the new restrictions (a limit of $150 a year) on pleasure travel in the U.S. Restrictions on imports from the U.S. were harder to take. Finance Minister Douglas Charles Abbott said they would be "temporary." But for the time being (best estimate: three to five years) Canadians would do without U.S. cars, radios, refrigerators, jewelry, candy, fresh fruits and vegetables. Even less welcome was the new 25% excise tax on goods manufactured in Canada out of U.S. parts...