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...their enmity to the Baghdad pact, appointed Egypt's War Minister, Major General Abdel Hakim Amer, as supreme commander of their three armies. Red-faced London officials admitted that Egypt had just acquired 190 British tanks, Valentines of World War II vintage, bought as scrap and reconditioned, then resold by Belgian dealers. Israel was in no condition to protest, it seemed, having just come by a quantity of surplus British tanks in like manner...

Author: /time Magazine | Title: MIDDLE EAST: Time of Trouble | 1/9/1956 | See Source »

...into World War II in one of Britain's Eagle Squadrons as a Royal Air Force fighter pilot. After Pearl Harbor. Joe Klaas, like Hero Weis, was "sold" to the U.S. Army Air Force for $35,000.* Like Weis, he was shot down in Tunisia by Luftwaffe fighters, resold by an Arab to the Germans for $20, spent two years behind Nazi fences, and finally took part in the apocalyptic march he writes about...

Author: /time Magazine | Title: Books: Apocalyptic March | 9/12/1955 | See Source »

Stamps v. Stinks. To Harmer, which has sold and resold more than $42 million worth of stamps, the Caspary auction will be the biggest in a series of philatelic firsts that began 61 years ago. The family-owned company was founded by Henry Revell Harmer, who collected stamps as a schoolboy, decided after taking his first job in a chemical plant that he "could do better with stamps than with stinks." Harmer roamed the world in search of rarities, opened his first stamp auction in London in 1918. Harmer sold $56,000 worth of stamps his first season, trebled...

Author: /time Magazine | Title: BUSINESS ABROAD: Just Like Mclaria | 8/15/1955 | See Source »

...classic proof of Harmer's philosophy is the Penny Black, Britain's first postage stamp, which was accidentally postmarked four days ahead of its release date. The one stamp, sold by Harmer's in 1929 for $140, was resold in 1951 for a record of $672, an increase of 57,435% over its face value...

Author: /time Magazine | Title: BUSINESS ABROAD: Just Like Mclaria | 8/15/1955 | See Source »

Laws were passed limiting rents, which had ranged as high as 70% of the year's crop, to 37.5%. The government broke up and sold off the big landholdings inherited from the Japanese; it bought land from the landlords and resold it to tenants on easy terms. In four years of Chiang's rule, tenancy has been reduced from 40% to 20%, and thousands of Formosans built "37.5% houses" and took "37.5% brides...

Author: /time Magazine | Title: FORMOSA: Man of the Single Truth | 4/18/1955 | See Source »

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