Word: quota
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Angering the Competition. The principal product of the Guayama refinery, however, will be 24,800 bbl. daily of motor fuel for U.S. East Coast markets, in which Phillips is expanding. Since all oil imports are under quota, a presidential proclamation was required to enable Phillips to ship oil products from Venezuela to Puerto Rico. Other oil companies will have to cut their import allotments to accommodate Phillips. Result: the two-year period in which the Interior Department studied the Phillips-Puerto Rican application produced a bitter oil-industry battle...
...fact that Puerto Rico, which was anxious to have Phillips, was represented by the Washington law firm of Supreme Court Justice Abe Fortas, a close friend of Lyndon Johnson's. Phillips' attorney, moreover, was former Interior Secretary Oscar L. Chapman. Despite the furor, Johnson finally approved the quota change last month after Puerto Rican officials pointed out that, among 12 oil companies, only Phillips had agreed to their joint venture and reinvestment requirements...
Under Proportional Representation, a voter lists his preference in rank order (1.2.3. etc.). The ballots are distributed according to these in the number one position. Only a certain quota -- this year it was 3100 -- is needed for election, and the lowest candidates are progressively eliminated and their ballots redistributed
...tally showed the six incumbents in the first six positions. None of them, however, attained the anticipated quota of 4381, closest was James F. Fitzgerald, with 4076 "number one" votes...
Under present conditions, the 15-man quota is a dead letter in practice. This is a good time for the Administration to declare it so in theory and announce that henceforth, conditions in the houses aside, every senior will enjoy free choice of residence...