Word: refundability
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From the proceeds of its bond issue Hearst Magazines will add about $1,000,000 to working capital. Another $1,000,000 will be used to refund an old debenture issue. The disposition of the rest is a complete lesson in Hearst finance. First comes the payment of bank loans amounting to $1,900,000. To get these bank loans Hearst Magazines had to have them guaranteed by its parent company, Hearst Corp., by its grandparent company, American Newspapers, Inc., and personally by William Randolph Hearst. Mr. Hearst's name is also on a $2,000,000 printing bill...
...nominally $1,000-J. Stalin's Sherlocks began muttering among themselves. These dread Soviet police sent for a nervous Russian art expert, he appraised the picture as worth 800 rubles, and the NKVD cracked down on the Ukranian State shop. It promptly disgorged 4,200 rubles and this "refund" NKVD agents beamingly carried to Capitalist Davies in his private...
...port are called "manipulation," since by the terms of the law "manufacturing" is forbidden. Until now, if a shipper wished to "manipulate" arriving goods before re-exporting them, he had to take them through customs, pay the duty, take them back through the customs and wait for his 99% refund...
...interest in Public Service not held by Edison will be acquired through an exchange offer. Edison stock, now selling at $133 per share, will be split four-for-one, the authorized issue doubled to provide the stock needed for the exchange offers. To redeem stock not exchanged and to refund some debts of Edison and its affiliates, a $13,000,000 issue of convertible debentures was authorized...
...question of the constitutionality of the refund clause of the 1936 revenue act, which requires a manufacturer to prove that he passed the burden of the invalidated A.A.A. processing taxes on the consumer before he can obtain a refund, involves the large...