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(Studio) Report on petrodollar in England.
REPORTER: Roger Mudd
(London, England) Many Arabs come to Britain for few days' shopping spree, eclipsing Americans, long known as cntry's. biggest tourist spenders. This year, many Arabs buying homes in some of most expensive London sections; other real estate purchases noted. [Real estate agent Peter KEARON - describes Arabs' tastes in homes.] Concern in England that Arab investments may be getting out of hand. [M.P. Douglas HOYLE - says he's concerned because Britons don't know where money's going and investments should be monitored.] Purchases of United Arab Emirates ambassador to Britain Mohamed al Tajir noted. Ambassador says he enjoys investing here because English so hospitable. [al TAJIR - says Americans publicize all Arab attempts at business dealings, English look at Arabs as friendly people.] Never question of mortgage. [KEARON - says it's cash dealing.]
REPORTER: Bob Simon
- Mudd, Roger;
- Simon, Bob
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