Word: refundings
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Dates: during 1950-1959
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...Treasury is often unable to take advantage of fluctuating short-term interest rates to refund big amounts of the debt lest it go through the ceiling, must often borrow at times during the year when seasonal demands of business make money tightest and most expensive. Another problem is that such independent borrowers as Fannie May usually cost the U.S. more in the long run. With a lower credit rating, Fannie May pays an average 3.96% interest for the money it borrows v. an average 2.78% for the Treasury itself. The ceiling also costs the U.S. money in departments that have...
...TIME, Aug. 5), G.M. has jittered at the prospect of a court case and possible bad publicity. Last week Louisiana's F. Edward Hebert, whose House Armed Services Subcommittee had brought out the original charge, announced that G.M. has moved to settle with the Government. It offered to refund a total of $9,701,458 to the Air Force. Already in the hands of the Air Force is a check for $2,400,000 to cover one section of the contract. G.M. also wants credit for another $2,600,000 of the total that has been paid in corporate...
...pounds of forms, in triplicate, for the files of nine different government offices, just to build a house. An Italian soldier, wounded in 1943 and certified in 1946 as 50% disabled, finally got on the pension rolls last month (with no retroactive pay). A businessman who filed a tax refund claim six years ago received the acknowledgment last week; he does not expect the refund for years. People who years ago ran two words together in telegrams find themselves summoned by registered mail, told to fill out forms and wait for hours to pay 3? for the extra word...
...entrance fee of $2 will be charged to each player in each category. This fee will be refunded to all players who remain in the tournament until eliminated, but refund will not be made where individuals fail to play their scheduled matches, it was announced...
Q.E.D. In San Francisco, the Traffic Fines Bureau received Howard Frohlich's $2 parking tag in an envelope along with: a 20? dividend check from one share of Pan American World Airways stock, a state expense check for $1.35. and a 40? stockbroker's refund check, all made out to Frohlich and endorsed to the bureau, totaled it up to $1.95, looked again, found his personal check...