Word: refunded
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Dates: during 1950-1959
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...ruled Chinese mainland ran an important ad: they would pay off all their depositors in local currencies on a sliding scale, depending on the dates when their cities were "liberated" by the Communists. The payment would be liberal-and with reason: the Red government had ordered the banks to refund not only the original deposits, but what they would be worth in terms of China's grossly inflated currency. The move would also be a windfall for the government. Unclaimed deposits, said the notice, would be turned over to the national treasury. Under the deal, the banks expect...
...annual appropriation, lest its budget be cut in the years to come. Last week the Marine Corps' commandant, General Lemuel Shepherd, told the House Armed Services Committee of the most non-S.O.P. mili tary maneuver yet. By eliminating purchases of unneeded equipment, the corps has. managed to refund $57 million to the Treasury during fiscal...
...floated in an "unpegged" market, i.e., the Federal Reserve is not committed to support the bonds at any fixed price. With the new $2 billion issue, Treasury Secretary George M. Humphrey hopes to raise $1 billion in cash - his first venture into the new-money market-and refund a like amount of shorter-term savings bonds due in the next few months...
...Treasury's new long-term issue was designed to 1) help relieve the U.S. of its constant sorties into the money market to refund short-term issues, and 2) provide a safeguard against more inflation by boosting loan rates all around and by tapping savings as they accumulate in life-insurance companies, pension funds and savings banks. The new bonds would also probably tap some money that would normally go into the stock market...
...group is also considering a proposal made by several Business School students that the University refund part of the board charges...