Paying for expansion through retained profits means that G.M. needs to keep making money here, but competition is intensifying.

He said he would borrow about $27 million for the Mechanicville restoration and repay it through profits from the sale of electricity.

Industries such as North Sea oil, Scotch whisky and tourism should benefit through greater sales or higher profits,' it says.

Through profits from track operations, the group presumably would have repaid the principal and tax-exempt interest on the bonds over 20 years.

The bank grew its reputation through social work rather than profits.

It was also intended that public-sector corporations finance most of their own investment programs through profits and borrowing.

The policy would rise in value as premiums were paid and through profits from investments, paying off the mortgage when the policy matured.

Maytag expects to recover the charge in about three years through improved profits, he added.

Through large individual savings and persistently high corporate profits, the Japanese economy is generating what might be termed excess money.

The share of national income going to the owners of capital through corporate profits is surging.