SUEZ CANAL LOAN to deepen and widen waterway may be granted soon to United Arab Republic by World Bank. It would provide most of $100 million needed to increase depth to 40 ft., thus allowing 55,000 d.w.-ton supertankers to go through canal.

SECRET ROLLS-ROYCE, new patrician-precisioned model called Phantom V, is being developed in Britain. Now built only for select few, e.g., Queen Elizabeth, eight-cylinder car is expected to be in commercial production by early 1960.

NEW HILTON HOTEL in San Francisco will feature parking facilities for guests' cars on same floor as their rooms. Ramps from special automobile lobby will lead to 400 parking spaces on seven floors of 18-story building, to be completed by end of 1961 at cost of $25 million.

NEW DELTA ROCKET will be made by Douglas Aircraft under $24 million contract. Delta, a nonmilitary rocket that will use many military components, will put 250-lb. payload into orbit 300 miles above earth, will be used until bigger booster rockets capable of launching payloads of several tons are ready for use.

JET CARGO PLANES will soon be ordered by Pan American World Airways, which plans to begin service by early 1960s. Cargo jets could handle five-times-greater loads annually than present cargo aircraft, may cut cargo rates in half, says Pan Am President Juan Trippe.

INSURANCE EXPERIMENT by 200 California companies will reward safe drivers by cutting auto premium rates 20%. Reductions will apply to drivers without fault in accidents or who have no moving traffic violations (speeding, passing red lights, etc.) for three years; drivers with one accident or violation will pay current rates; those with two will pay 25% more than current rates; those with five or more will pay double normal rates.

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