Word: loans
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Dates: during 1940-1949
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Some of the best sights were free. At the horticultural stalls, even Texans were startled to see 13-inch avocados and twelve-inch Ponderosa lemons from the Rio Grande Valley. And, through a loan from Manhattan's Metropolitan Museum of Art, fairgoers got a look at the greatest collection of old masters ever shown in Texas (TIME, Sept. 29). On opening day, 10,000 people took in the art show...
There was still plenty of unofficial talk last week about devaluing Canada's dollar to boost exports and curb imports, but it seemed to be only talk. Few in the Government saw devaluation as a cure for the disease. A $500 million "psychological" loan from the U.S. (TIME, Aug. 25) also seemed less attractive now; it would be hard to justify, hard...
This did him no harm when he needed Government cash for Steep Rock. He got a $5,000,000 loan from RFC on his argument that Steep Rock would furnish ore needed for the war. In jigtime, he also got priorities for machinery needed to develop his new ore source. He also knew just the right people, "a few wealthy individuals," who would buy $2¼ million in Steep Rock bonds...
...cash balance, which was at a peacetime peak of $25.96 billion on Feb. 28, 1946. Since this huge cash balance was the result of 1) the sudden end of the war and the consequent cutting of military and naval expenses below budget appropriations, and 2) the greatly oversubscribed Victory Loan Drive of August-December 1945, the chances of similar debt reductions in years to come...
...been expedient, when the Labor Government was frittering away the U.S. loan, to minimize Sir Stafford Cripps's cries of trouble ahead by calling him Cassandra. But Sir Stafford had known the score all along, and in the gloom of crisis last week, it was Cassandra who had to stand up and announce the score to the British people. It was a grim score...