Word: settlements
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Wang suffered another crisis after Japan began the "China incident" (1937). First an ardent advocate of Chinese resistance, he later changed his mind, plumped for a "peaceful settlement" with Japan. One day, while still chairman of the central political council and second in command to Chiang Kaishek, he slipped away from Chungking to Nanking. Japan, looking fora puppet, grabbed him eagerly, made him premier and president of the Axis-recognized Nanking government. For this crowning act of apostasy the Chinese erected in Chungking a life-size statue of Wang, naked and grovelling, for all to spit upon...
...Lend-Lease machine tools are dissatisfied with the probable terms of payment. At war's end the U.S. may ask for full payment, minus depreciation. The British manufacturers, who claim that the U.S. machines cost twice as much as British machines, hoped that settlement would be based on the British value...
...businessmen got good news. Boss Robert H. Hinckley, Czar of Contract Settlement, noted in his first report to Congress that $21 billion in war contracts have already been canceled without jamming up production ($65 billion in war contracts are still outstanding...
Last week Czar Hinckley made things even smoother. He put into operation a single cancellation system for both Army & Navy, and gave officers greater authority to make spot settlements of small contracts. Come V-E day, Hinckley predicted, another $20 billion of the contracts will be canceled. He expects speedy settlement of these-the War Department is now paying off on canceled contracts on an average of 45 days after bills are filed...
Around Gumbinnen, the first sizable town on the rail line to Königsberg, Chern-yakhovsky ran into progressively stronger defenses-trenches, minefields, barbed wire. Every settlement was a fortress, every house and hillock a gun position. Heinrich Himmler's Home Army units were easily killed or captured, but the Wehrmacht traded punch for punch...