Word: provisos
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...Citrëen is already carrying debts of more than $100 million (including some $56 million to the De Gaulle government), and needs more capital to develop new models, there is virtually no chance that the French company will ever be able to take advantage of the option. The proviso is, therefore, little more than a face-saving device for De Gaulle...
Wilson noted that his committee had been given carte blanche by President Pusey and that his group had in fact taken advantage of this proviso to probe areas of the University that are generally closed to Faculty members, such as Harvard's hiring, admissions, and real estate policies. He plans to complete the report very soon...
...seek a "hardship increase" under rent control if his income fails to amount to a 6% return on his invest ment, plus 2% for depreciation. Having agreed to pay $90 million for the property, Helmsley will be in a position to make use of the hardship proviso. "Then," he adds, "we're going to put in new wiring, which brings another increase...
Lining Up. Other agencies are lining up for exemptions from the manpower-reduction proviso. The Federal Aviation Administration has won Senate permission to add several thousand more badly needed air-traffic controllers at the nation's airports. More offices, such as the Veterans Administration and the Social Security Administration, will also make the case that they cannot handle their expanding workload with a 1966-force level...
Following sterling's devaluation in November, the International Monetary Fund arranged a $1.4 billion line of credit for Britain-with the proviso that the money could be used only if Prime Minister Harold Wilson's government took drastic measures to cure the country's chronic balance of payments problem. When Britain was allowed to go ahead and tap that credit last month, it meant that the IMF was reasonably satisfied with the way in which Britain has pulled up its socks, economically speaking. Last week London received still another vote of confidence from international moneymen: central bankers...