Word: passbooks
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...many people, the bonds at present appear to be as sound an investment as any in the land. The stock market has been sluggish; the glitter of go-go mutual funds has long gone; bank interest rates on ordinary passbook savings accounts have been at 5% or lower. If the President's freeze cools inflation, the savings bond rates will look even better. Insecure about the future, many small investors-particularly middle-aged blue collar workers-are seeking financial refuge in the Government's securities...
Several commercial banks on the West Coast and elsewhere have also reduced the interest that they pay on passbook savings accounts from the legal limit of 4½% to 4%. Those reductions could increase bank profits by 10% or 12% a year. Still, the trend may be slow to spread. In many cities, including New York, competing mutual savings banks and savings and loan associations show no sign of reducing their 5% rate on passbook savings...
...South African government requires blacks over 16 to carry this 20-page passbook at all times. Polaroid, through their distributors Frank and Hirsen, supplies the necessary photographs...
...passbook is a 20-page book which every black South African must carry on his person at all times, and which must be surrendered to any white policeman on demand. The book must be signed by the bearer's employer every month, and kept up to date with tax payments, residence permits, and personal information. Polaroid equipment, distributed in South Africa by Frank and Hirsch Limited was responsible for 20 per cent of all pictures taken for passbooks in 1970, according to Polaroid statistics...
...government tactics. Last week, South Africa's leading black clergyman, the Right Rev. Alpheus Zulu, Anglican Bishop of Zululand, was arrested at a church center outside Johannesburg and questioned at a police station for hours. He was finally charged with failure to have with him the passbook required of all blacks, but refused to pay a $7 fine and instead demanded the right to appear in court. Bishop Zulu, one of six presidents of the World Council of Churches, is a vocal opponent of apartheid. Other South African clergymen have lost their passports; they can also be detained...