Word: fractionation
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Hoover Jr., found a happy solution. Last week's pact in effect recognizes the transfer of full title of the British-built billiondollar industry to the Iranian government, at a cost to Iran that is a fraction of its real value. This should mollify Iranian nationalists. For giant Abadan, the world's largest refinery, and its huge network of affiliated production facilities, the Iranians will pay Anglo-Iranian a mere $70 million in compensation...
...Flogging of a Kaffir" [TIME, June 7]: Had your correspondent used a fraction of the diligence he showed in tracking down and recording an anonymous "Boer farmer's" comments on the case, he could not have failed to mention in passing the countless numbers of South Africans-both "Boer farmers" and others-in whom the crime aroused the same shocked views as those held by the trial judge...
...Geneva the ill-fated conference on Korea and Indo-China was close to an abortive end. Characteristically, the Communists had used the talking time to increase their military pressure in IndoChina and had refused to move a fraction of an inch toward a reasonable basis for negotiation with the West. Such fresh evidence of unrelenting Communist purpose should have driven the Western nations closer together, but it had no such effect...
Declining along with notes and mortgages although at a much more gradual pace was real estate. Desiring to hedge against inflation, Treasurer Edward W. Hooper brought the investment fraction tied up in real estate to a high of two-fifths in 1881--the year he acquired the land now occupied by the downtown Jordan Marsh...
Toepfer also reported that most of the men who are going to be admitted have been accepted already. "In another week our class will be formed," he said. The Law School may admit up to 650 applicants, including the 200 veterans, but a certain fraction of these usually withdraws before September...