Word: ltd
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Dates: during 1940-1949
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Last week the London-Tangier diamond trade, which had enabled U.S. dealers to get gems for one-sixth under their London price, received a mortal blow. In London's Clerkenwell Court, I. Hennig & Co., Ltd., one of Britain's most respected diamond merchants, was convicted of customs evasion and violation of exchange controls. The prosecution charged that I. Hennig shipped ?76,254 ($213,511) worth of rough diamonds to Tangier and attached false invoices to make it appear that the gems were consigned to a Tangier merchant. Actually, the gems were bought by U.S. merchants, among them Manhattan...
Burke's Peerage Ltd., of London, has written to ask for a copy of The TIME Audience in Heraldry (TIME, Sept. 19), which uses the ancient science of heraldry to symbolize the many groups that make up the readership of TIME. Burke's managing editor, L. G. Pine, passes along the information that heraldry is thriving and that hundreds of grants of arms are being made yearly by the proper heraldic bodies in Great Britain, France, Switzerland, Sweden, the U.S., and many other countries...
...subsidiaries overseas, 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...
...news was worse than expected. Last week Britain's Cinemagnate J. Arthur Rank reported that his Odeon Theatres, Ltd. and subsidiaries had lost $9,380,000 on moviemaking in fiscal 1949. Things were so bad, said the man who has been making 50% of Britain's motion pictures, that he might be forced to stop all production after June...
...Hawaii at $3 apiece. He did so well that he opened a jewelry store, later branched out to finance, real estate, autos (he has the General Motors franchise on Hawaii), movie theaters (he owns ten) and utilities (he is president and principal stockholder of Hilo Electric Light Co., Ltd.). When Hill's wife started shipping a few orchids from her garden to the U.S., Dible suggested the big commercial possibilities...