Word: guernseys
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...last remnants of William the Conqueror's Dukedom of Normandy still held by the British Crown are the Channel Islands of Jersey, Guernsey, Alderney and Sark. There, in sentimental moments, Norman islanders still sometimes toast William's distinguished successor George VI as duke rather than king. There, in hard-pressed moments, islanders still look for aid to William's great ancestor Rollo, first Duke of Normandy. Rollo, it is said, was so just and severe a prince that during his early loth Century reign a farmer could leave a plow in an open field with no fear...
...Ford Motor Co. has had more than its share of headaches from its foreign holdings, less than its share of profits. A complicated corporate setup has not helped. Much of the stock of eleven European and Middle Eastern Ford companies is owned by the Ford Investment Co., Ltd. of Guernsey, in the Channel Islands, a company which in turn is owned by Ford Motor Co., Ltd. of Britain, in which the U.S. company has a 59% interest...
Thus Detroit's Ford Motor Co. has had little direct voice in running the subsidiaries on the Continent, has been unable to control their manufacturing and sales methods, has been paid no profits through the Guernsey company since it was founded...
Last week, Ford of Detroit made a deal with British Ford to buy the Guernsey holding company for $11,919,208. With control in its own hands, Ford intends to rehabilitate the overseas companies, hopes to make some profits for them and itself in the process...
...matter which cow, be the Guernsey or Swiss Brown, receives the years first Harvard honorary degree the town's 3000 inhabitants will have a barrel...