Word: loans
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Dates: during 1950-1959
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...hours, Israelis would have to turn in their old currency, printed in 1948, and would receive new notes in return. As each Israeli shoved his currency through the bank window, the teller would automatically deduct 10% on all notes of five Israeli pounds and above, as a complusory government loan, repayable in 15 years with 4% annual interest. Bank deposits of ?50 and above would be assessed in the same...
...compulsory loan, said the government, would 1) raise an extra $25 million for capital improvements, 2) reduce the inflationary pressure which has doubled and trebled some prices since February, 3) expose the black-marketeers and currency speculators who hold much of Israel's large-denomination banknotes. The Israeli government has promised that the nation would be solvent by 1958. But would the first forced loan be the last? Nervous Israelis hurried off to the nearest jewelers, to convert currency into fluctuation-proof diamonds...
...companies of northwestern Colombia, the Motilon Indians of the jungle-tangled mountains are an industrial hazard. The Motilones (mo-tee-loan-es) ambush trucks, shoot 6-ft. arrows through the oilmen's tents-and sometimes through the oilmen. What is worse, they give the oilworkers' union a hard-to-answer argument for extra hazard...
...Tycoon R. (for Robert) Stanley Dollar has waged a lone battle against the U.S. Government. His object: to force the Government to give him back the old Dollar Steamship Lines (now American President) which he had lost in 1938 when he could not pay a $7,500,000 Government loan (TIME...
Last week McCarthy and Equitable came to terms. Equitable made him step out of the management of the oil company and give up his $5,000-a-month salary as chairman. Equitable also stepped up the size of the payments on McCarthy's loan. Then it announced that it was in "full agreement" with his plan for a new oil company. Houston's investment firm, B. V. Christie Co., notified the SEC of McCarthy's intention of selling $20 million worth of stock at $2 per share in a new wildcatting company, to be known as Glenn...