Word: loans
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Dates: during 1950-1959
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...what is told in John Foster Dulles (Harper; $4.50), by John Robinson Beal (TIME'S diplomatic correspondent in Washington), had been told before, but two points in the book were enough to precipitate the storm. Reported Author Beal: ¶Dulles last year canceled the proposed $56 million loan to help Egypt's Dictator Nasser build the Aswan Dam because "it was necessary to call Russia's hand in the game of economic competition. Dulles firmly believed the Soviet Union was not in a position to deliver effectively on all her economic propaganda offers. It was necessary...
WASHINGTON, April 8--Secretary of State Dulles urged a "new approach" to foreign aid today, including a special fund to loan up to 750 million dollars a year to friendly nations on easy terms...
...Relaxed Federal Home Loan Bank Board regulations to permit insured sav-ings-and-loan associations to spread more of their loanable funds over a larger geographical area. Formerly, the associations were limited mostly to mortgages on homes within 50 miles from their main office; new rules will allow them to put 20% of their funds into conventional loans made by other insured associations anywhere in the U.S., provided the original lender keeps half interest...
...mission in Washington, the first hard estimate of what the Gomulka government expects of the U.S. to help Poland maintain its shaky independence from Moscow. The request: some $200 million worth of surplus U.S. farm products, to be sold for Polish zlotys, and a $100 million Export-Import Bank loan for the purchase of U.S. machinery. Even though the State Department is thinking in terms of some $30 million, California's William Fife Knowland, Senate minority leader, declared he would continue to oppose any sum until Soviet troops are withdrawn from Poland and free elections are held. From...
...does the Pru stop there. The apple of President Shanks's eye is a new Commercial and Industrial Loan Department, set up to make funds available to small businessmen who ordinarily cannot get long-term loans through normal bank channels. "What we're looking for," says one Prudential executive, "is the nice little company making a nice little product in Bucyrus, Ohio." The Pru has found plenty of them. Among the loans: $200,000 to help reforest a Florida tree farm, $750,000 to a Nashville religious-book company, $54,000 to Kansas City's Papec Machine...