Word: panama
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Dates: during 1950-1959
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...Juggling of ship registry. Last week the British freighter Nancy Moller, under charter to a Chinese firm, tried to take a cargo of rubber into China. A British warship ordered her back to Singapore. U.S. freighters, under Panamanian registry, are also evading the embargo (see WAR IN ASIA). Panama, however, voted for the U.N. embargo, is now under obligation to curb such sailings...
Panamanian registry of merchant ships is a handy thing for shippers and seamen who want to make big money breaking embargoes-or trading with the enemy. In 1925, Panama passed a law permitting foreign shipowners to switch their ships to Panamanian nationality by registering at any Panama consulate for a small tonnage fee. When the 1939 U.S. Neutrality Act forbade U.S. ships to enter war zones, some U.S. lines made use of these handy facilities. After the war, more switched to Panama because they could save money by employing non-union labor under Panamanian registry. How many U.S. ships flying...
...Marovish then leaned over the side, aiming his big camera. Again we passed over the ship, almost at mast height. Lieut. Marovish opened and closed his shutter, and came back to his seat wringing wet. Almost angrily he put the camera back into his case. The freighter carried the Panama flag sure enough, but everything about it looked American...
Back in Japan we had leafed through the files. We had seen hundreds of ships photographed, heading for Siberian or Chinese ports. Many-perhaps the majority-flew the Panama flag. But there were also pictures of British-one incongruously named City of Chicago-Greek, Russian, French and Japanese ships in the telltale files. All had been snapped since the first of the year. Some had deck cargoes-lumber, steel. Others were laden with oil for the tanks of Red China. Some were shown coming back empty...
...March, Arias made a reckless grab for control of the independent Panama Trust Co. (TIME, March 19). The grab failed, but the bank was wrecked and had to close its doors. A fortnight ago, Ar-nulfo's opponents struck back by working up a run on the Government Savings Bank. This dose of his own medicine got Arnulfo mad. He suddenly moved to revoke the 1946 constitution and reinstate his own 1941 constitution, which gave the President broader powers and a longer term of office (six years instead of four...