Word: outlay
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...Board has just started a program which it hopes will replace at least 60 worn-out vessels each year and boost shipyard employment from a low of 20,000 to a steady 36,000 men. The board first-year goal, as approved by Congress for fiscal 1955; a total outlay of $401 million in both Government subsidies and private funds to build, modernize, and repair 99 ships in U.S. shipyards. In its overall purpose, the new program is little different from the many ship-subsidy programs that the Government has launched since the basic Merchant Marine Act was passed...
...maritime program works, it may go a long way toward preserving the essentially private character of the U.S. merchant marine, while at the same time broadening the scope of Government aid to a badly distressed industry. Some critics may complain that an annual outlay of $174 million is too costly a subidy. But the U.S. needs a strong merchant marine both in peace and war. The current program seems a relatively cheap price...
...protect themselves from cheaper foreign metals. President Eisenhower last month rejected the tariff boost, but instead he almost doubled the rate of stockpile buying. In fiscal 1955 stockpiling lead and zinc will cost the U.S. close to $250 million. Furthermore, some $400 million of 1955's $900 million outlay is to be used to reimburse the armed forces for the supply of ten metals (aluminum, cobalt, copper, etc.) that they have already bought, then transfer the metals to the stockpile...
...spend on expansion. Last week two Government agencies issued figures indicating that businessmen's spending-and confidence -remain high. For 1954. said the Commerce Department and the SEC. businessmen plan to spend $26.7 billion on their plants and new equipment. While the figure is 6% below the 1953 outlay, and slightly below what businessmen expected to spend six months ago, it will still be the second largest capital outlay in history...
...education for Negro and white children. Starting in July the state will consolidate hundreds of small local schools, equalize Negro and white teachers' pay, provide 600 new school buses. Estimated cost of the program: $34 million (regular annual school budget: $25 million), making Mississippi's 1954-55 outlay for education its biggest in history. Should the Supreme Court abolish segregation, a special legislative committee will advise Governor Hugh White on legal ways to circumvent the court's decision...