Word: loans
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Dates: during 1950-1959
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Britain is no "fairy godmother," he said, and he wanted projects which will earn money, not just make life pleasanter. This time, unlike two years ago, Butler could show that the money was available. Last month a loan of ?10 million to finance a large paper plant in New Zealand designed to save ?6 million a year in dollar imports was subscribed in ten minutes in the City of London. Said Butler: "We will throw good money after goods...
Banking as an industry breaks down into four separate divisions, al offering a substantial number of official posts to new college graduates. Commercial banks handle checks and checking accounts, and loan out money for short terms to business men. As depositors in these banks, over one hundred million Americans now issue personal checks, circulating over one and three-quarter trillion dollars per year. Income garnered from small loans keeps most commercial banks in the black as far as operating expenses and dividends are concerned...
...vicinity of $3,500. Incidentally, West Coat banks pay out more money to their staffs than banks in any other area in the country. Institutions in the south and Middle Atlantic are the mot close-fisted, having payrolls considerably smaller than the national average. Small banks pay executives loan than one-fourth the amount they would receive working for the largest banks; small towns, however, have much lower cost-of-living indexes than these of New York City, Chicago, and San Francisco...
...second month introduces the employee to the departments of notes, where he learns the issuance and collection of customers' notes, tellers, money collection, where mortgage and loan payments are directed, and money transfer, where checks from other banks are sorted for the clearing house...
...Brazil cleared up the last of its $425 million U.S. commercial-debt backlog as Finance Minister Oswaldo Aranha's policy of ruthlessly cutting imports-powerfully aided by the coffee boom and a $300 million U.S. Export-Import Bank loan-began to pay off fast. Aranha also struck a deal to settle Brazil's ?54 million arrears to Britain. Terms: ?10 million to be paid at once, the balance in annual payments of at least ?6 million...