Word: freeport
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Stony Seas. The Bahamas 500 is the granddaddy of all powerboat races-a 589-mile suicide circle around the islands starting and ending at Freeport Grand Bahama. For most of the 37 boats in last week's 500, the race ended elsewhere. Driving rain drenched the crews, and visibility was down to zero as fierce squalls kicked up 5-ft. swells. Florida's John Heinrich was only 30 miles out of Freeport when waves ripped the deck off his 26-ft. Alim outboard. Between Chub Cay and Nassau, the 24-ft. Nova inboard of Miamian Allan Brown...
Died. James H. Rand Jr., 81, co-founder of Remington Rand Inc. and the merger genius who helped create the giant Sperry Rand Corp.; of cancer; in Freeport, Grand Bahama Island. "Go out and make a living!" Rand Sr., founder of the Rand Ledger Co., brusquely told his business-minded son in 1915. Rand proceeded to turn a borrowed $10,000 into the American Kardex Co., which marketed a filing cabinet he had invented, then in 1925 merged with his father's company, and in 1927 with the Remington Typewriter Co. The final merger, with the Sperry Corp...
Seven oil-exploration contracts have been awarded to eager bidders, among them the U.S.'s Continental and Union Oil companies. Surveying for copper, Freeport Sulphur Co. recently found high-grade (4%) ore, and may invest up to $100 million to exploit it. International Nickel just got the go-ahead to start a $1,500,000 survey of nickel deposits on the island of Sulawesi (Celebes), and may invest $100 million. Bethlehem Steel has expressed interest in tin deposits, Boise Cascade in logging concessions. ITT agreed to build a satellite relay station near Djakarta at a cost...
...houseboats perform, Miami's Thunderbird Products Corp. entered one of its 40-ft. Drift-R-Cruz houseboats in the last Bahamas 500, one of the world's toughest ocean races. Despite 8-ft. seas and 25-knot winds, the Drift-R-Cruz finished the race at Freeport, one of only 16 boats in a starting field of 63 to do so. Another Drift-R-Cruz traveled along the inland waterways all the way from St. Petersburg, Fla., to Montreal's Expo 67 and then across the Great Lakes to Oshkosh, Wis., a 6,600-mile trip, occasionally...
...members to Nassau; Cincinnati's Travel A-Go-Go and Manhattan's Society of Sky Roamers delivered 90 members each to Miami for the Super Bowl; World Samplers of Dallas lifted 51 skiers to Aspen, Colo.; and Indianapolis' Voyager 1,000 took 70 members to Freeport, Grand Bahamas. Club planes, like all private aircraft, presently undergo an annual Federal Aviation Agency inspection, but the F.A.A. now intends to start treating them as if they were commercial airliners, requiring continuous, system-by-system inspection and maintenance...