Word: loans
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Dates: during 1940-1949
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After the Supermanic. British newsreels will have access to 50 reels of black & white which Rank will shoot alongside the color. Price: ?2,000 per company, plus the loan of some cameramen. U.S. newsreels, as usual, will get their coverage by swapping equal footage on other subjects. British Movietonews executives now feel: "It could be worse. We're satisfied we'll get a fair break." British Paramount still feels bitterly against the Olympic Association for peddling an exclusive in the first place, but thinks Rank's arrangements are "very adequate." The Association, with 25% of its costs...
...million loan for construction of U.N. headquarters in New York...
...bank, the D.A. charged, had known that Benjamin was a swindler. After he got his Title Guarantee loan, said the D.A., the bank had discovered that his collateral (invoices and bills of lading) was worthless. Instead of making this information public, the bank covered up for Benjamin. When other banks asked about his credit standing, Title Guarantee answered that Benjamin "knows the business very well," and that his "account has been very satisfactory." Result: Benjamin was able to borrow $320,000 more at other lenders' windows. He used part of it to pay off Title Guarantee, said he lost...
...World Bank sold its first issue of foreign currency bonds for $4,000,000 in Swiss francs to the Bank for International Settlements at Basel, Switzerland. The proceeds of the issue will be used to buy electrical equipment in Switzerland for The Netherlands, as part of a World Bank loan to the Dutch government...
Equitable could take over the airline if it wanted to. T.W.A. could get no more help from outside sources; Principal Stockholder Howard Hughes did not intend to put in any more cash. Warned Pierson: only a quick RFC loan of $10,000,000 could save the line...