Word: trusteeship
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...sworn in as U.S. representative to the U.N. Trusteeship Council, which oversees such places as the Mariana Islands, Nauru and Northeast New Guinea, with the rank of ambassador...
...years ago, it became evident that the phosphate would run out before long. Nauru's three concessionaires and the U.N., of which the island is a trusteeship, rushed solicitously to the rescue. Last year Australia took the natives' head chief, Hammer deRoburt, to look over Australia's Curtis Island off the Queensland coast, offered to underwrite a $22.4 million resettlement of the Nauruans there. Curtis Island is larger than Nauru, has abundant supplies of fish offshore, and its wildlife would even permit the Nauruans to pursue their favorite pastime of taming noddies and frigate birds...
...Also unsettled is the question of the Habsburg fortune in Austria, which amounts to some $30 million, mostly in estates. The lands are now held in trusteeship by the Austrian Republic...
...world's most celebrated hermit, Hughes has been seen by no one in nine years except a handful of his most trusted associates. He controlled TWA until December 1960, when he was forced by a group of New York banks and insurance companies to place his stock in trusteeship in return for a $165 million loan to buy jets for TWA. When Hughes began to badger Charles Tillinghast, TWA's new, trustee-appointed president, Tillinghast fought back by suing Hughes for damages. Hughes countersued, charging Tillinghast and the lenders with conspiring to take TWA away from...
...times, turned unprofitably to making sewing machines and shell houses. Eventually the Bavarian state government moved in to protect $2,250,000 in loans it had made to Messerschmitt. It claimed 46.65% of the company's stock, left Willy an equal amount, and put the remaining 6.7% into trusteeship with the West German government. This week, with Messerschmitt now turning a tidy profit on the manufacture of F-104Gs and Fiat G91s for the West German air force, the government returned the trusteeship shares to Willy. Messerschmitt, now 64, plans to leave management of the company to others...