Word: cementation
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Badge of Shame. Jamaicans regard it as a badge of their island's industrial shame that cement must be imported from England. Rich in limestone and gypsum, Jamaica has no cement plant. Jamaica's governor, Sir John Huggins, turned for help to World Commerce Corp.'s Sir William Stephenson, who winters in Jamaica...
Court). Also, as a onetime director of Alpha Cement Ltd., he knew that business inside...
Medal for Merit. Sir William agreed to take on the Jamaica cement project. With the same quiet dexterity that won him a wartime U.S. Medal for Merit, he quickly organized the Caribbean Cement Co. Ltd., with himself as chairman (Ed Stettinius joined in as a director). He got a 19-year monopoly on Jamaican cement, and a scale of guaranteed prices (30% below the delivered cost of British cement, but still enough to make a tidy $221,650 annual profit...
...return, the company agreed to build a $4,800,000 factory capable of producing 600,000 barrels of cement a year. To raise the capital, Sir William got the World Commerce Corp. to underwrite $1.400,000, had no trouble at all in selling $2,000,000 worth of stock to enthusiastic Jamaicans. Last week the new company, awaiting $1,000,000 worth of machinery from England, was already clearing its 72-acre site on Kingston Harbor...
...Last Outpost." Later, she and her husband pointed out the room where they would hole up if the going really got rough-the pantry. "The bathroom is overhead," explained Mrs. Hawkings, "and that has a thick cement floor. Between the outside walls of the house and the pantry are two thick inner walls." Into the hallway by the pantry, Hawkings had already moved a mattress, four gunnysacks of rice and a row of tin trunks...