Word: investment
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Dates: during 1930-1939
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...week, later raised to $2,000. With its profits Reynard Corp. built President Fox a house and studio at Roslyn, L. L, paid his life-insurance premiums. When suspicious Internal Revenue agents learned that Reynard Corp.'s only dividend was $20,000 given to President Fox to invest in Florida real estate, they began an investigation which landed Mr. Fox in the Board of Tax Appeals office in New York. Finding that Reynard Corp. had been formed to accumulate earnings instead of distributing them, and was thus liable under a 1918 statute to an additional...
...cinema industry of the United Kingdom flatter than any British heavyweight. From Lands End to the Shetlands, British cinemas were showing 16 Hollywood films to England's one. To get the slumped industry back on its feet. Parliament enacted a ten-year plan that involved 1) making Hollywood invest in a number of British-made pictures according to quotas (determined by the number of Hollywood pictures distributed in the British Isles); and 2) making British cinema theatres show a similarly determined quota of British-made pictures. To effect this, Parliament set up a sliding scale of quota quantity required...
Neither side would tell the examiner who its backers were. Last week it looked as though the unknown backers, if any, would have to invest their money elsewhere. For the ICC examiner not only recommended that Gilbert Gable's certificate of convenience & necessity be withdrawn but also that one be refused to the Crescent City group. Said he: "Recent army reports show that the prospect of future growing importance of the ports of Port Orford and Crescent City definitely may be discarded as a factor of consequence in this proceeding...
...bolster the stock market, the Government (1 asked the big banks to buy stocks as they did in the 1929 crash, 2 reduced margin requirements, 3 offered to lend RFC funds to speculators, 4 called in several issues of Federal bonds, 5 urged insurance companies to invest more funds in stocks...
...promoter for the week's selection. He usually has a choice of six or seven different combinations, may bet anything from a penny to a pound. There are three cardinal requisites for an "investor" (the word bettor is shunned): He or she must be over 21, must not "invest" with cash, must never visit the promoter's premises. To circumvent England's Betting & Lotteries Act, all transactions are on credit, cash is sent the following week. If an investor fails to follow up with cash, he is promptly put on the Confidential Black List which all promoters...