Word: teak
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Dates: during 1960-1969
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...complain about its charges because Hang Seng backs many struggling entrepreneurs-reportedly including Hong Kong's bookies-who find it difficult to get credit elsewhere. Hang Seng figures that it will prosper so long as Hong Kong does. Fingering an abacus behind his 8-ft.-long teak desk. Chairman Ho says: "Hong Kong's future is good for at least ten years, possibly 20." After that. Hang Seng will doubtless be the first to find another green pasture...
...quarter past noon every working day, half a dozen agents from London's three big bullion dealers meet in the teak-paneled board room of Sharps, Pixley & Co., for a gentlemanly haggle that sets the price of silver in Britain-and much of the rest of the world. Last week every one of the agents was saying the same: "I'm a buyer-not a seller." With that, the price of silver hit a 42-year record of $1.14 per oz. in London, also advanced to $1.13 in New York City, which is the world's other...
...Sandhurst graduate, General Ayub overthrew a discredited parliamentary government in a bloodless coup in October 1958, has since used martial law to rescue the overwhelmingly illiterate (88%) country from political and financial chaos and corruption. Three years ago, he retired to his teak-paneled study in Karachi, gave himself a cram course in Thomas Jefferson, and emerged with a plan for basic democracies: 80,000 village elders elected to panchayats (councils) that were to levy local taxes, maintain roads, run police forces. While the panchayats nurtured democracy at the grass roots, Ayub Khan continued to practice autocracy...
Popcorn, happily, remains, but it comes in different paper bags now, and it's sold behind a forbidding teak counter. The walls of the theatre are what Kramer calls a "strange gray"--though the ceiling hasn't been touched yet. And of course the name is all different. Still, the redecoration is damned attractive and long overdue. And the movies scheduled are refreshingly similar to the UT's standbys. One can hand over that extra thirty-five cents in the new admission charge almost cheerfully...
Ending Parties. Last March Ayub settled himself in his teak-paneled study in the huge President's House at Karachi and wrote the outline for his "basic democracies," which are intended "to begin at the beginning and, after building a strong, democratic base, to construct the structure above." What emerged was a political system based on the ancient institution of the village panchayat (council of elders). Each council, with elected as well as appointed representatives, will represent 10,000 people. Working without salaries, council members will be expected to levy local taxes, maintain roads, operate police forces, register births...