Word: oil
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Dates: during 1940-1949
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...Austria). But this month, when the ministers met again in New York (taking time out from the U.N. General Assembly), it appeared that, as usual, the Russians were trying to sell the same horse twice. The new Soviet price for an Austrian settlement included: ¶ Some 95% of Austrian oil output, 35% more than agreed upon at Paris. ¶ A large percentage of the rolling stock of Austrian railways...
Turkey's constitution flatly defines "Statism" as the republic's guiding economic policy. The Turkish .government operates power plants, railroads, ports, communications, sugar, salt and tobacco manufactories, oil, steel & coal enterprises ; it dominates shipping and banking. The bureaucrats have grandiose dreams of industrialization and self-sufficiency. They built a huge steel mill at Karabuk for $23 million-equal to the national education budget for one year. They are blueprinting airplane factories and plush government offices. But Turkey cannot yet keep pace with their plans...
...achieve her plan, Persia proposes to spend a total of $650 million, an estimated 35% to 40% of which will be spent abroad. The bulk of the development cash will come from Persian government royalties from the British Anglo-Iranian Oil Co. Anglo-Iranian last year paid Persia some $35 million in royalties, but a new pipeline to be built from Abadan on the Persian Gulf to Tripoli in Lebanon, under a deal between Anglo-Iranian, Standard Oil (N.J.) and Socony-Vacuum, is expected to let Anglo-Iranian boost output and raise royalties to as much as $50 million next...
Instead of the bare walls and shelves of the old library, the common room boasts baby pink walls, leather chairs and couches, and a liberal sprinkling of original oil paintings. Among these are a Utrillo and three paintings left to the Fogg Museum by the late Allston Burr '89, once an Overseer of the college and donstor of the Varsity Club...
Died. William Larimer Mellon, 81. multimillionaire banking and oil tycoon and member of the famed Mellon family (his uncle, Andrew W. Mellon, was onetime Secretary of the Treasury, his cousin is Banker Richard King Mellon-TIME. Oct. 3); in Pittsburgh. He helped organize Gulf Oil Corp. in 1907, developed it into the world's fourth largest oil producer (total assets...