Word: ownership
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Dates: during 1950-1959
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Even as Trans-Canada's ownership changed. Prime Minister John Diefen-baker's Tories, throttled by closure in Parliament's furious pipeline debate last spring, last week moved to get the full story of the late Liberal regime's deal to lend $50 million to U.S. oilmen to build the 2,294-mile pipeline. As one of its first legislative acts, the Tory government created a royal commission on Canada's energy resources−with a mandate to delve into Trans-Canada Pipe Lines Ltd.'s ownership, financial structure, rates and export plans, relations...
World Bank President Eugene Black spoke for most U.S. businessmen when he criticized governments for "stifling" private enterprise through state ownership of productive industries. Several Asians contended that government financing was essential for key industries that do not readily attract private investment. But neither Black nor any other speaker at the conference argued that an agricultural nation could hope to struggle up from poverty until its government has developed the basic facilities of an industrial economy: roads, harbors, railways, communications, schools, reservoirs, power plants. In fact, since private capital is seldom available for such projects, the government must foot...
...Taiwan manufacturers, Brazilian bankers. Projects from underdeveloped countries eager for foreign capital were produced by the hatful. India is ready to open its great bamboo forest in the Mysore province for paper and pulp production if it can get $8,500,000 in foreign exchange in return for half ownership. India's Orissa province needs $1,500,000 in foreign capital to build a $3,700,000 brick and ceramic factory, which after two years should yield a tax-free dividend of 10%. Puerto Rico has a private investor who wants capital for a $2,000,000 tire plant...
...Labor government." But Nye sat silently on, and Hugh Gaitskell had the votes. Hard-fisted Frank Cousins, boss of the huge Transport and General Workers Union, swung the trade union's massive support to him in return for a pledge that road transport and steel, restored to private ownership by the Tories in 1953, would be renationalized when the Laborites return to power...
George's will may add his 20% to John's 20% in a foundation to hold the brothers' 40% share of A. & P. in one bloc. But A. & P. ownership is now split off from management, since Burger, 68, is neither an heir nor a trustee of the Hartford fortune. So far, all the Hartfords want him to continue managing the store. Since the stock earned $19.21 a share last year, up from $16.09, and paid $7 a share dividend while A. & P. grossed $4.5 billion, there is no reason to change...