Britain Receives 310 Million Dollar ECA Loan
The Economic Cooperation Administration lent 310 million dollars to Britain for industrial machinery and materials under the European Recovery Program. The loan bears 2.16 percent annual interest, payable semiannually from 1952, with repayments starting 1956 and continuing through 1983. The loan is part of Marshall Plan aid and is the first major recovery program credit, with total ECA negotiations exceeding 800 million dollars. Congress mandated that 1 billion of the initial 5.055 billion be used for loans rather than grants, and the agreement allows deferral of interest and principal after discussions.
MENTIONED IN THIS ARTICLE
Washington
Economic Cooperation Administration
Britain
Export-Import Bank of Washington
Iceland
ECA
Congress
Air Writers Strike Over Wages And Ownership
Radio script writers independent producers and ad agencies walked out for a minimum wage deal and exclusive ownership of material. The strike began at 12 01 AM with no picketing at studios per Federal mediation request as meetings were set to seek a settlement. the union noted most scripts are already completed.
MENTIONED IN THIS ARTICLE
New York
Radio Writers Guild
J. R. Mandlebaum
Federal Mediation Service
Progress Is Seen In Oil Strike Talks
Signs of progress appeared in the west coast oil strike as talks reopened on three fronts in day 52. CIO President Phillip Murray urged all member unions to back the oil workers with moral and financial aid while charging Standard Oil with trying to break the west coast union. O A Knight, oil union leader, quoted Murray's telegram.
MENTIONED IN THIS ARTICLE
Los Angeles
CIO
Phillip Murray
Murray
Standard Oil
O. A. Knight
Violence erupts in French coal strike near Ales
In Southern France near Ales, a striker was killed and two policemen seriously wounded as government forces cleared a road block at four mines and a power plant. Strikers fired first and several small mines exploded. about 100 strikers were captured as clashes spread between Rochebelle and Saint Martin de Valgagn es.
MENTIONED IN THIS ARTICLE
Paris
France
Interior Ministry
Ales
Marseille
Rochebelle
Saint Martin de Valgagnes
Fire Wrecks Cordial Manor Restaurant in Oneida
A spectacular blaze at Cordial Manor, a show place restaurant near State Police HQ in Oneida, caused over 40000 dollars in damage. Firemen battled flames from 11 36 PM until 6 AM with fire spreading from a storage room to living areas and roof breaches. North roof area will need rebuilding. water and smoke damage were extensive. Proprieties Norman M Alfe was away in New York City and John A Prinzi ivalli in Rochester. Prinzi ivalli returned as fire peaked.
MENTIONED IN THIS ARTICLE
Herald-Journal
Oneida
Cordial
Norman M. Alfe
New York City
John A. Prinziivalli
Rochester
Parolee Held In Slaying In Eau Claire
Authorities continued questioning a 21 year old reformatory parolee as they probed the sex slaying of 18 year old Raymond Smith and 17 year old Gertrude Bauman near a country club. Smith was shot four times and Bauman three times. Bodies were recovered Sunday and no weapon was found. The case prompted a posse after the teens disappeared after a Saturday hike.
MENTIONED IN THIS ARTICLE
Eau. Claire
Wis
Raymond Smith
Country Club
Gertrude Bauman
Smith
Eau Claire River
Also Mentioned on This Page
Air Writers
ST. Louis
Joseph Pulitzer, Jr
The
St. Louis Post-Dispatch
Post-Dispatch
John Souther
WNDE
Arthur
Danny Dougherty
Farm House
Hote Ohondaga
Bauman
Lloyd Thompson
E. W. Edwards & Son
P. J. Sullivan
Clark Music CO
South
Salina St
Thera
South Saline St
Errie A
Schimmel
Edwards
Kellogg's
Prorstla
Matthews
Sys
Acme
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