Word: freeporters
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...from the complaisance of its girls and the excellence of its food. Hong Kong is the shopper's paradise ("the world's biggest PX," as one R & R-er described it); it is thronged with purposeful G.I.s looking for camera and tape-recorder bargains offered by its freeport status, and perhaps an instant custom suit for $35 ordered and fitted within 48 hours. Hong Kong is also the most popular R & R center for the Seventh Fleet; the arrival and departure of U.S. ships coming off patrol duty off Viet Nam is recorded on an updated blackboard...
...their property taken over by the Sukarno regime see a better economic climate under Suharto and are making plans to return. Among these are Goodyear Tire & Rubber Co. and Lever Bros. Others, enticed by a four-year tax holiday and easy repatriation of profits, are showing interest. The Freeport Sulphur Co. is prospecting for copper and stands ready to invest $75 million if sufficient ore is found. ITT has signed a $6,000,000 contract to build a satellite relay station near Djakarta...
...Young, chairman, Goodyear Tire & Rubber Co.; Floyd D. Hall, president, Eastern Airlines; Robert V. Hansberger, president, Boise Cascade; John D. Harper, president, Aluminum Co. of America; Earl B. Hathaway, president, Firestone Tire & Rubber Co.; H. J. Heinz II, chairman, H. J. Heinz Co.; Robert C. Hills, president, Freeport Sulphur Co.; Edward B. Hinman, president, International Paper Co.; Dr. Koji Kobayashi, president, Nippon Electric Co.; Rudolph A. Peterson, president, Bank of America; Frederik Jacques Philips, president, N. V. Philips' Gloeilampenfabrieken; David Rockefeller, president, Chase Manhattan Bank; Dr. Samuel Schewizer, chairman, Swiss Bank Corp.; Dr. Gerd Tacke, director, Siemens A.G.; Abderrahman...
...shortage has been reflected in higher prices, which have risen nearly 33% since 1964. And now there is even rationing of the disappearing element. Manhattan-based Freeport Sulphur Co., which is the world's biggest producer (4,000,000 tons a year), has increased its output 70% over the past five years, but has had to limit its customers to 90% of their usual orders. Only two weeks ago, second-ranked Texas Gulf Sulphur (nearly 3,000,000 tons) began telling its buyers that they would have to settle for just 75% of their normal quotas during the next...
...leases in Texas' Pecos County on the strength of a promising 1927 geological survey. Outside Houston, Texas Gulf Sulphur reopened its Old Gulf mine, a relic that the company had worked for 13 years before closing it in 1932 when it was thought to be no longer profitable. Freeport has turned to offshore deposits that were once considered prohibitively expensive. It has one Gulf of Mexico operation already under way, will start production in its new $25 million Caminada mine six miles off Louisiana early next year...