Word: payment
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Nixon, however, elected to purchase with his own capital only the five seaside acres of the estate and the house. This gives him only one-fifth of the property, and only one-fifth of the down payment and maintenance charges to cope with personally. His portion of the down payment was $80,000, the principal is $20,000 annually and the interest is $15,000 per year. In addition, the President exercised an option to buy the remaining four-fifths of the surrounding grounds. This was done for him by a trustee, the Title Insurance and Trust...
...Nixon's political point of view-which may account for the absence of panoply at the appointment. Haynsworth will be the first Southern addition to the Supreme Court since the civil rights upheaval began 15 years ago. Whatever the judge's qualifications, his appointment serves as partial payment by the Administration for the efforts of South Carolina's Strom Thurmond and others, who held five Southern and Border states for the G.O.P. against George Wallace's third-party depredations. Moreover, the choice fits neatly into Nixon's design for strengthening the Republicans in the South...
Cheaper at Auction. The interest declines were small but widespread. Rates on bankers' acceptances-corporate promissory notes issued to finance goods in transit or storage with payment guaranteed by a bank-fell by ¼% to 8%. In the bond market, Treasury bills sold at an average 6.86%, down from a peak of 7.22% last month. Pacific Northwest Bell Telephone sold $75 million in debentures at 7¾% compared with a 7.9% rate on the last Bell System bond offering in July...
...Delayed Payment. Chiefly affected by Kaunda's "request" will be the Roan Selection Trust, Ltd., 43% of which is owned by Manhattan-based American Metal Climax, Inc., and Anglo American Corp. of South Africa Ltd. In addition to taking over controlling interests in the firms, Zambia will substitute 25-year leases for their existing leases "in perpetuity," and replace the present 44% royalty and export tax with a 51% mineral tax. The nationalized companies' holdings have a book value of about $784 million. Kaunda expects to pay shareholders for their loss entirely out of future copper profits. These...
...mother and children through a trustee or a local welfare agency. To make vocational education both more available and more attractive, the Nixon plan calls for the creation of 150,000 new federal job-training slots (raising the total to more than 1,000,000) and the payment of $30-per-month stipends for those who enroll...