Word: imperiale
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Dates: during 1920-1929
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At London last week the stockholders of Imperial Airways, Ltd. were informed by the Chairman of their board that they had lost ?20,414 ($99,200) last year in transporting passengers by air. "We lost fifteen thousand pounds in 1924!" cried an irate stockholder. "Where will this end, Sir Eric...
Sir Eric Campbell Geddes, chairman of Imperial Airways, chairman of the potent Dunlop Rubber Co. (TIME, March 1), onetime (1917-18) First Lord of the Admiralty, and onetime (1919-21) Minister of Transport, was not unprepared to soothe his stockholders with words of cheer.
Japanese financiers, squatting in conference, pored dubiously last week over an imperial proclamation which seemed likely to affect the whole industrial development of Japan.
The imperial family, it was proclaimed, will proceed gradually to liquidate its holdings of industrial stocks and bonds.
But since there seems no good reason to believe that the alignment will result in anything spectacular, observers will have to be satisfied with wondering at the alignment itself. Are England and Italy contemplating commercial collaboration? Is Mussolini's imperial ambition leading him to league with an empire? On the...