Word: payments
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Dates: during 1950-1959
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With the payoff completed, the grateful ranchers decided to honor Harrell. Feedman Harrell, who had lost 40 Ibs. sweating out the payments, would not say just how much the disease had cost him or how it would affect his company, but he admitted that the payment ran "into the millions." Said a small rancher at the party last week: "He didn't have to do anything. He could have told us to go to hell...
French visitors to the show were also surprised by price cuts. Simca reduced one model by $180, and Renault announced cuts up to $128. Citroën and Peugeot are expected to follow suit. Renault also came out with a time payment plan, something new for French car buyers. Frenchmen may sign up to buy a new Renault with 25 monthly payments, get delivery after the eighth payment is made...
...advice was seconded by witty, urbane Eugenio Gudin, Finance Minister of Brazil, who is now hoping to relax some of the tight restrictions against outside investors imposed by the late President Vargas. Gudin said underdeveloped countries must rid themselves of "three plagues . . . expropriation of foreign property without payment . . . inflation [and] nationalism." But he also had some advice for Humphrey and the U.S.: give the U.S. businessman an income-tax break on foreign investments. (At present, foreign profits are taxed twice−in the country in which they are made, and in the U.S.) Concluded Gudin: "After...
...result, despite subsidies, many shippers feel they can save money by placing orders for new vessels in German and Japanese shipyards (TIME, May 17). The present Maritime Board is trying to win the confidence of shippers not only through its new program but also by the prompt payment of back subsidies. In 1953, for example, the Government had subsidy claims dating back to 1947, was paying them off at the rate of only $20 million a year. In fiscal 1954 the board paid off $85 million in subsidies, much of the amount past due, and next year the rate will...
Though a return to term billing is not advisable, Combined Charities need not despair of future prospects. Longer pledge periods could be offered in a campaign conducted by the Drive itself. For those short of cash, this waiting period would defer payment just as long as term bills, and insure that students will give more thought to their donations. Then the organization will be able to campaign honestly in the spirit of a "charity drive...