Word: one-year
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...College demonstrates enough interest next fall, a limited one-year plan will be adopted. This would be modified on a five-year basis if support continues. The Delhi committee would supply the Harvard group here with literature and other materials on the culture and civilization of India in exchange...
INTEREST RATES are on the way up. To help refinance $6.4 billion in Government securities coming due soon (most of it in one-year, 1⅛% certificates), the Treasury Department will pay 2% interest on a new $3.9 billion short-term issue running for 15 months. The big private finance companies (among them: General Motors Acceptance Corp., C.I.T. Financial Corp., Commercial Credit) are also boosting the rate they pay when they borrow on commercial paper, will now pay another ⅛% interest (to 1¾%) on 30-to 90-day notes, the third such jump in a month...
From his position outside the arena, Secretary of the Treasury George Humphrey, who wanted only a one-year extension of present corporate-income-tax rates and some excise taxes, fired in a few rounds. Characterizing Johnson's plan as a "political quickie gimmick," he said: "You don't help to increase the purchasing power of the 'little folks' by repealing the laws which are helping to make their jobs...
Johnson blandly explained that the income-tax cut would not add a cent to the national deficit since his amendment also proposed to 1) continue the present excise and, corporation-tax rates for two years instead of the one-year extension requested by the Administration, and 2) take away the dividend credit granted by the 83rd Congress to stockholders...
...constitution rather than a Bible, and on his personal honor rather than in God's name. Eight other men, members of Uruguay's Swiss-style council of state, did likewise. Five are from Batlle Berres' Colorado Party; three chosen members will take the presidency in succeeding one-year terms after their chief has served for the first year. The other councilors, among them Herrera, are from the opposition National Party...