Word: loans
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Dates: during 1930-1939
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...less anxious for the treaty to come into force is Dictator Mussolini. With a considerably curtailed wheat crop, with Fascist finances in none-too-good shape, Italy is impatient for the day when she can receive a British loan. So in Rome last week British Ambassador Lord Perth and Italian Foreign Minister Count Ciano, Dictator Mussolini's son-in-law, got together. Lord Perth suggested that the Italian Government use its "discreet influence" with Generalissimo Franco to stop the bombings. Realizing that continued attacks might cause his good English friend to lose his job, Italy's dictator decided...
Germany, on her part, announced the Chancellor, agreed to take responsibility for Austria's Government debts owed to Britain. In return, Britain slashed the interest payments on the Austrian loans, also reduced the interest charges on Germany's 1924 Dawes loan and 1930 Young loan, both floated to help the Reich's reparations efforts. Further, Britain arranged to take an increased amount of German goods, allowing Germany to make future debt payments from the proceeds of these additional exports...
...Agreed to lend $5,800,000 through RFC to help eliminate competition between private utilities and Government power projects. Knoxville, Tenn. will use the money, first such RFC loan, to purchase the local power system of Tennessee Public Service Co. as arranged six weeks ago (TIME...
Main reason for the Bank of America's glowing report was that since 1935, along with such other big U. S. banks as Manhattan's Manufacturers Trust Co. and National City Bank of New York, it has been in the personal loan business. To date Bank of America has loaned more than $200,000,000 for consumer purchases, more than $124,000,000 on FHA loans. Loans to individuals. Banker Giannini believes, are the best of all credit risks-and personal loans pay 5% to 10%, well above the 1% to 3% conservative investments bring. Hence, Bank...
Early this, year B. & O. needed cash. Its charges have zoomed steadily for years, now total $32,000,000 annually on fixed obligations of $674,000,000. In January, B. & O.'s resourceful President Daniel Willard got an $8,233,000 RFC loan through his good friend, RFC Chairman Jesse Jones. To get it he had to put up all his available collateral-including the Chesapeake & Ohio Canal, which has not been used for shipping since 1923. Last week, B. & 0. again needed funds to meet $1,700,000 in interest payments due first of this month. No less...