Word: loans
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Dates: during 1920-1929
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...could borrow from the fund to pay for transporting their pigs to distant markets, or to buy feed for pigs kept penned until the home village was ready to buy more pigs. In case the pig surplus was so great that the pig men's borrowings exhausted the loan fund, the pig men could always fall back again on the equalization fee plan. To ensure honesty, perhaps the philanthropist had better administer the equalization fee as well as the loan fund...
...general terms the results mean that the Prime Minister can now proceed with confidence to take the four great steps in financial policy to which he is pledged: 1) amortization of the floating debt by a large internal loan; 2) ratifications (possibly after renegotiation) of the Franco-U. S. and Franco-British debt settlements; 3) restoration of the franc to a gold basis, probably at the present stabilized rate of 25 francs to one dollar; 4) acceptance from Germany of a (reduced) lump sum in payment of her reparations, this sum to be derived from the sale of the German...
Died. Charles Weston Folds, 57, potent capitalist, chairman of Wartime Liberty Loan drives in which $3,000,000,000 was raised in Chicago; of heart disease; at Chicago...
British & Irish War Bonds. The way for trading having been made by the listing of Great Britain & Northern Ireland 4% funding bonds (TIME, April 30), last week the New York Stock Exchange admitted to its list the 5% War loan bonds of that same Kingdom of Great Britain & Northern Ireland. The entire issue is for ?2,088,173,638 (more than $10,000,000,000). As with the 4% funding bonds, trading will be in pounds sterling...
...honor to the opening of the Museum and to make it an event of nation-wide rather than local importance, a loan exhibition, including pieces from many of the country's most famous collections, was temporarily installed...