Word: renting
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Dates: during 1930-1939
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...must be succeeded by a similar pact, and commentators this week called it a Treaty of Perpetual Military Alliance. Under its terms the British Royal Air Force may at all times operate over Egypt. The British Navy will have a permanent base at Alexandria for which it will pay rent to Egypt. And the Egyptians agree to build strategic roads fanning out from the British Garrison in the Suez Canal Zone so that British troops may rapidly reach any part of Egypt...
Procter & Gamble was to continue to rent the largest amount of air time. With 13 hr. 15 min. a week on National Broadcasting networks, P. & G. will spend some $3,000.000 this year on seven different programs to plug Oxydol, Ivory Soap, Camay, Chipso, Crisco. Because it now uses day time exclusively, Radio's No. i customer is not likely to be inconvenienced this autumn, as will many another advertiser, by the many and unavoidable interruptions caused by the political oratory of a Presidential campaign. As in the past, most of P. & G.'s programs will be serial...
...about 330 lb. of prime beef which the butcher cuts into convenient-sized steaks, chops and roasts. These are frozen quickly and put for storage in John's locker. The same meat, bought over the counter, would cost him $90; his total cost now is $40, including locker rent. If John Smith is expecting a threshing crew in hot weather, when he could not otherwise serve fresh meat from his own stock, he may well save from $100 to $200 during that one work period...
Economically, the locker system is a sound co-operative enterprise. Lockers, large enough to store 325 lb. of meat (or equivalent in fruit and vegetables), rent for $10 per year. There is no labor cost-the butcher more than pays for his time by butchering fees. Power and maintenance costs average about $900 per year. Depreciation at $500 per year is a liberal estimate. Locker rents give a gross income of $5,000. Net result is operating profit of $3,500 per year: enough to amortize entire investment in less than ten years...
Senator Phelan, according to your article under Art in TIME, June 15, was fond of $1 Havana cigars. This recalls to mind, I was collecting rent from Aron Cohen at his cigar store in Santa Cruz, where James Phelan Sr. had his summer home and where young Jimmie spent his summers under the parental roof...