Word: repaying
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Dates: during 1960-1969
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...contractor, France will not have to ante up the huge cash bonuses with which the majors traditionally lubricate their concession agreements. In return, France agreed to bankroll the whole project, which may cost $50 million; the Iranians need repay the loan only if and when oil is found. Though it all adds up to a big gamble for France at no risk to Iran, E.R.A.P. spokesmen touted the deal as a long stride toward a "competitive French government oil company, flying French colors and making France completely independent of the majors...
...NATIONAL DEFENSE LOANS. They permit students to borrow up to $1,000 a year and to delay making any repayments until nine months after leaving school. Students then get up to ten years to repay-at a low 3% interest. This year, some 500,000 students are borrowing $225 million...
Cashed for Gold. Last week the U.S. upped its credit ante to Britain by $600 million. The new arrangement would permit the British, using dollars, to repay what they have drawn from Continental banks. Thus it also raised the possibility that some of those dollars would be cashed in for gold. The U.S. Treasury last week noted that France, with gold purchases of $221 million, was the only nation to convert dollars into gold "significantly" during the second quarter of 1966. To allow the U.S. to continue as savior of the pound and at the same time to protect...
...loan, large or small, to an individual at 5% interest or less? No questions asked? Without putting up security? And a lifetime to repay...
Payoff. Washington so far has picked up 75%, or $175 million, of SST development costs, and the bill may well soar to $4 billion. The Government intends not only to recoup its money but also to repay the losing firms' investment through still unspecified production royalties. Boeing has poured in $30 million of its own, has 2,400 Seattle technicians at work on the project. Lockheed has invested nearly $31 million in ten years of research and facilities for 1,900 engineers and other experts. In the engine competition, G.E. has spent $20 million, United Aircraft about $15 million...