Word: low-interest
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...event that a federal aid program is enacted which excludes children in private schools, these children will be the victims of discriminatory legislation. There will be no alternative but to oppose such discrimination." The N.C.W.C.'s counterproposal, which it holds to be "strictly" constitutional, is that "longterm, low-interest loans to private institutions could be part of the federal aid program." The hierarchy will push to attach such an amendment to the Kennedy bill...
Just how much real sacrifice for West Germany the new aid program will entail was still unclear. Not until after the elections this fall are the Germans likely to say how much of the $1 billion will be made up of the grants and longterm, low-interest loans that the underdeveloped countries really need. But this time, Kennedy said he was "satisfied...
...Nation-Wide Committee on Import-Export Policy's protectionist members promptly denounced the plan.) Under the plan, industries would be required to prove that imports-and not inefficiency-were the specific cause for falling sales and employment. Where the need was real, the Government would make available longterm, low-interest loans to modernize old machinery or help an industry with obsolete products shift into a new line and retrain its workers. At its worst, such a program could turn into a handout to inefficient or obsolete industries. At its rigorously applied best, it might go far toward calming...
...revamp the nationalized tin mines, which account for 67% of the impoverished nation's export income. Last week the Communists dealt off another, even bigger offer. In La Paz, Nicolai Rodionov, Soviet bureaucrat, announced that Russia would bid not only the smelter but also a $150 million low-interest, long-term loan for Russian technical aid to Bolivia's government-owned petroleum and tin corporations. Russia might also buy, all of Bolivia's high-cost tin ore, currently in slack demand at world market prices...
Ismaili to get the business going. "Any little tidbit that comes up. I jump on." he says. Sound Ismaili business ventures can count on low-interest (about 3%) loans from the Aga Khan's banks...