Word: lourenso
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...medium-size business borrowers. An army of 1,800 lending officers, including bank president Walter Shipley and chairman John McGillicuddy, went knocking door to door at 5,000 companies across five states. "Am I concerned about Wall Street firms and investment bankers coming into the market? Absolutely," says Frank Lourenso, who heads Chemical's midmarket lending division. "They are real players, and I take them very seriously. But we're going to be very aggressive in looking for new business...
Fully 80% of Rhodesia's exports pass through the Mozambique ports of Beira and Lourenso Marques. Closure of these vital outlets would mean swift economic strangulation for Rhodesia. A much longer rail route exists through Botswana to South Africa's ports. Last month, however, Botswana's President Sir Seretse Khama announced that he Intended to take over the rail line, and he might well close it to Rhodesian traffic. Thanks to a crash construction program, a direct rail link to South Africa was recently opened, but this new single-track line cannot possibly handle all the nation...
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