Word: low-interest
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...administrators insist that the federal help should have no strings of federal control. The aid should be in the form of 1) "selected" draft deferments; 2) priority on surplus commodities they can use for buildings and equipment; 3) direct grants based chiefly on losses of peacetime enrollment; 4) longterm, low-interest loans; 5) contracts for adult extension courses and research; 6) a federal scholarship fund...
...would otherwise be spent. To keep down the price of consumer goods, to temper the war inflation for those who do not enjoy its upward effect on wages and speculative profits, Mr. Keynes proposed a double levy on all incomes, one part to consist of tax, the other of low-interest (2½%) loan to the Government, to be deposited at the Post Office Savings Bank and redeemed only after hostilities cease (except for personal dire emergency). On small incomes, the tax levy would be low, the loan levy high. Example: on ?500 of income, a total...
...books shut, announced that the Authority was "broke but happy.'' Although there were only 46 local housing authorities when USHA set up shop, there are now 221 (in 31 States) qualified to take advantage of USHA's bargain terms-90% of the cost in longterm, low-interest loans-for slum clearance and low-rental housing programs. Not actually broke, USHA has signed $291,656,000 worth of contracts, earmarked $355,919,000 more, will keep the rest of its nest egg as a "safety margin" until fresh funds are forthcoming. Without directly asking for any, Administrator Straus...
...dividend, earned $7.11 a share, charged the remaining $42,000,000 to surplus. The 1934 earnings were $5.96 a share. Telephone stock sold at $172 last week, about 24 times earnings. But the $9 dividend on a $172 investment was returning better than 5.2%, a high yield in current low-interest days. A. T. & T.'s 1935 dividends of $167,960,000 went to about 657,000 stockholders...
...year bonds to bear 3 3/4 % interest and to be purchased by the public at 100%. In four days the books were closed with an oversubscription of about $100,000,000. Thus the Treasury bonds with the lowest rate of interest which has been offered since the War were disposed of, and the question of how to meet the greater part of some $615,000,000 worth of Treasury notes which fell due on March 15, was settled. Some bankers felt that the Treasury was rash in making a longterm, low-interest offering, but the results proved the offer...