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London Symphony Orchestra, Ltd...
...produce up to 10,000 bbl. per day this year. Actually, the searchers have lately been finding a great deal more natural gas than oil. Gas finds have been made in western Victoria, New South Wales and in South Australia. A combine made up of Delhi-Taylor and Santos, Ltd. has struck two wells 500 miles north of Adelaide with a potential flow of 30 million cu. ft. per day, and last week the Australian-owned Associated Group struck its 21st gas well in the Roma region of Queensland. Associated is already talking of a 280-mile pipeline to carry...
...raise the needed capital, Groves set up the Grand Bahama Port Authority, Ltd.; he sold one 25% interest to a London holding company headed by British Hardware Tycoon Charles Hayward, another 25% to a New York group led by Investment Banker Charles Allen. To build the hotel and supply the other resort and residential amenities, the Port Authority organized the Grand Bahama Development Co., Ltd. with Canadian Entrepreneur Louis Chesler. The Port Authority put up $2,000,000 and 100,000 acres, Chesler $23 million. Today the $100 million pleasure isle is slowly taking shape...
Died. Jack Cotton, 61, British property tycoon, a Birmingham urban developer who changed his native skyline so drastically that by 1950 residents joked about Birmingham "B.C." (before Cotton), in 1960 merged with London Financier Charles Clore to form the world-girdling, $1 billion City Centre Properties Ltd. (whose assets include 50% of Manhattan's Pan Am building), but soon found Clore a bore and, seriously ill, sold out to the Clore corps last year; of a heart attack; in Nassau...
Born. To Diana Douglas-Home Wolfe-Murray, 23, youngest daughter of Britain's Prime Minister; and James Archibald Wolfe-Murray, 27, executive of Glasgow's James Buchanan Ltd., makers of Black & White Scotch: their first child, a daughter (and first grandchild for 60-year-old Sir Alec); in London...