Word: quota
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...Having persistently warned Peru's military of the consequences of a coup, the U.S. suspended relations, stopped $81 million in Alliance aid, cut off military aid now running at $5,000,000 a year, and threatened as well to take away Peru's premium-priced U.S. sugar quota, amounting to $19 million a year. "A serious setback" to democracy, said President Kennedy, in an unusually vigorous White House statement. The generals were reported planning to send a mission to Washington to explain everything. Said Perez Godoy: "I know that President Kennedy can understand. What he wants...
Under the proposed plan, coffee exports would be tightly controlled by a national quota system, which would also bar the consuming nations from shopping around. Producing countries would use their profits during this price freeze to diversify their economies-an effort that some are now making. In Brazil last week bulldozers began bowling over the first of two billion coffee trees slated for destruction under a $70 million government plan to diversify Brazilian agriculture. Part of President Kennedy's recent $20 million loan to Mexico will be used to convert coffee acreage to other crops...
Trade Not Aid. The chief argument at the U.N. conference is over whose quota should be cut most. As longtime producers, the Latin Americans want the quotas reckoned on output over an extended period; the Africans, who in a decade have doubled their sales to 12 million bags a year, want quotas set according to current export rankings...
...about $13,000 a year. By Mormon rule, the headquarters of the Church of Jesus Christ of Latter-day Saints contribute half of the chapel's cost; the ward's members must pay the rest. The Mormons of Federal Heights have collected most of their cash quota, but they decided to supplement it by taking advantage of an old custom of the church that allows members to "work off" part of their assessments. Says Ward Bishop George R. Hill, a professor of fuel technology at the University of Utah: "We like to feel that part of our sweat...
About the only East Texans enthusiastic for the investigation are the major operators, who under a quota system are allowed to pump only 20 bbl. per well daily-and that only eight days a month...