Word: pay
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Dates: during 1920-1929
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Chief advantage of domestic valuation: to prevent fraudulent undervaluation of imports. Example: A shotgun sells abroad for $18.18. Its U. S. selling price is $43.30. The duty in the present bill is $6 plus 45% ad valorem. Valued at its foreign selling price, it will pay a duty of about $14.18. By applying U. S. valuation ($43.30) and maintaining the duty at $14.18, the ad valorem rate would be scaled down to about 18.89%. The remoteness, the complexity, the juggling opportunities of this valuation plan weighed heavily against its ultimate adoption...
...Russell, ordered power companies seeking U. S. licenses to construct plants along navigable U. S. streams, to exercise the same care and precision in estimating their construction costs. Reason: the U. S. has an option to buy back such licensed plants after 50 years and it refuses to pay an excessive price for them. The Russell ruling is designed to squeeze "water," estimated at some $500,000,000 out of the capitalization of water power companies now seeking U. S. licenses. Ruled Solicitor Russell: "A reading of the Federal Water Power Act leads to but one conclusion and that...
Gustav Stresemann. The Hague Conference was called to put into operation the Young Plan (TIME, June 10) which fixed for the first time the total Germany must pay in Reparations. Neither Chancellor Snowden nor anyone else has made the slightest objections to this basic feature of the Plan. The whole quarrel at The Hague has been among the Creditor Powers, squabbling over how big a slice each could get. Abruptly last week the squabbling delegates were reminded of the basic-issue by Germany's Foreign Minister, bold, astute Dr. Gustav Stresemann...
...speech potent and ringing. Dr. Stresemann demanded that that major portion of the Young Plan which fixes what Germany must pay be immediately ratified because: 1) It was approved by all; 2) The date on which the Young Plan was designed to supersede the old Dawes Plan was Sept. 1; 3) All German budgetary arrangements had been made in good faith to pay Reparations on the Young Plan scale which is $132,000,000 less per average year than the Dawes Plan scale; 4) The expert drafters of the Young Plan declared that it represents the utmost practical capacity...
Swift to act, Comrade Blucher established his military headquarters at Novosibirsk. 1,500 miles from the Manchurian frontier, surveyed the situation. Soon he announced that the Red Russian positions were being constantly harassed by White Russian (ex-Tsarist) mercenary troops in the pay of the Chinese. Soon subordinate commanders on the Soviet front received this telegram from their new Generalissimo: YOU ARE DIRECTED TO EXTERMINATE ALL WHITE RUSSIAN FORCES WHICH ARE MENACING OUR LINES...