Word: loans
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Dates: during 1970-1979
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...report detailed how the committee's staff had compared Brooke's checkbook with other records and found that a number of entries had been obliterated or changed. One of them concerned an Oct. 4, 1972, bank deposit for $27,500 that was originally recorded in the checkbook as a loan from the Bank of Montreal. But when Brooke's lawyers submitted his checkbook to the Ethics Committee, the $27,500 was listed as a return of capital on an investment. Brooke and his lawyers claim that the alteration was made to correct a clerical error...
Back in 1976, Jake Butcher, who may well be Tennessee's next Governor, loaned his friend and fellow banker Bert Lance $443,000 for some of Lance's elaborate financial deals in Georgia. Some wags are now suggesting that Butcher's loan should be classified as an educational expense, so closely has the Tennessee Democrat imitated Lance, both in his banking practices and his ability to get close to Jimmy Carter...
...type of loan that Japan wants to extend to China could be repaid partly in the most liquid of China's assets, oil. The trouble with this scheme is that Chinese oil is waxy, heavy and, given its low quality, overpriced. Says the president of one Japanese oil company: "The men in the industry are in an angry mood. They were never consulted. They were simply told they would have to pay the price for Japan-China trade and finance Japanese exports by buying Chinese...
John N. Bruce, vice president in corporate communications at Continental Illinois, said yesterday his bank has not negotiated a loan to the South African government or state-owned corporations in several years...
...government subsidy on the 7 per cent loans means that students will not have to begin paying back the debt until nine months after graduation. Savings on interest payments could run "upwards of $1,000 on a $1,500 a year loan" Gibson said...