Word: noninterest
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Horace likes to tool his air-conditioned Jaguar through refugee villages, passing out money and practicing his broken Chinese. Since 1951, the Kadoories have disbursed almost $3,000,000 in noninterest loans and gifts for refugee aid, roads, bridges and canals in villages hard against Red China. Their work with refugees-for which the brothers won Southeast Asia's prestigious 1962 Ramon Magsaysay Award for Public Service-is considered enlightened self-interest by the Kadoories, on the ground that business in Hong Kong prospers only if the colony is well fed and politically stable. The brothers have also taken...