Time Clock, may 11, 1959

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...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!