Word: trapping
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...John, when he recently became Chancellor of the Exchequer, found himself in charge of a new tax trap designed for Rearmament profiteers but so objectionable to many potent Britons that there was nothing to do but hastily scrap the design. Its inventor was the Rt. Hon. Arthur Neville Chamberlain, now Prime Minister, who was Chancellor of the Exchequer when he introduced it in the House of Commons as the National Defense Contribution (TIME, May 3). This bill was to help hugely in paying for Rearmament by taxing of British firms on a sliding scale proportionate to the rate at which...
...face-saver for the Prime Minister, Britain's stiff new tax has the same name as the shelved tax trap: The National Defense Contribution. Irrespective of whether a firm's profits are increasing so fast as to suggest "profiteering" or not, Simple Simon's tax is to bear with equal weight on virtually all British firms with annual net profits of more than $10,000 per year. It is a supertax. Its intent is to raise the existing average 25% income tax on British firms to 29% in the case of partnerships, 30% in the case...
...Thirteen (Mosfilm) relates a day's experience of ten Soviet soldiers, their commander, his wife and an old geologist on their homeward journey across the Siberian Desert. Coming by chance upon a spring frequented by a band of marauding Baschmachi tribesmen, the commander (Ivan Novoseltsev) decides to trap the bandits when they shortly arrive for water. One by one the defenders drop before overwhelming hordes until by the time help comes only Private Akchurin (Ilya Kuznetsov) remains...
...expectations of the gallery, his confrères were reassuring experienced observers who know that golf's uncertainties make such performances by favorites wildly improbable. On the very first hole, Al Watrous, home pro at Oakland Hills, took two strokes to get out of a trap which, in innumerable unimportant rounds, he had invariably avoided. Bert McDowell, an able amateur from Baton Rouge, knocked three balls into the lake on the 16th hole, took three putts for an n, posted a 91, high score for the first day. Young Frank Strafaci of Brooklyn, 1935 Public Links champion...
...next green. But this time, with the gallery waiting for Guldahl's game to crack wide open, it did the opposite. So calm that he appeared preoccupied, he got birdies on the next two holes, played the remaining five in par despite ricocheting off a spectator into a trap at the 15th, combed his hair for the cameramen while strolling across the packed home green to sink his last putt for the title...