U.S. Aid in Pakistan Studies China Ties
UPI reports in Paris that U S diplomats plan to study Pakistan’s China ties. Deputy Secretary of State Ball meets Pakistani officials for three days to gauge government intentions amid growing friendship with Communist China. Earlier Washington suspended a 4.3 million airport loan as Pakistan signed a Red China air accord granting landing rights in three cities.
MENTIONED IN THIS ARTICLE
Paris
UPI
WU. S
United States
Red China
Peking
Contractual Plans Criticized in SEC Study of Mutual Funds
A SEC study of mutual funds questions contractual plans and front end loads. It notes the plans push sales charges and high pressure tactics, with about one million shareholders in such plans worth around 23 billion, and suggests limiting deductions and spreading charges. The report calls for stricter training and supervision of salesmen and redesigns of fund sale practices.
MENTIONED IN THIS ARTICLE
SEC
New York U
Securities and Exchange Commission
Wharton School
Investment Company Institute
Congress
Cor
California
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