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With reference to the article "Ferry on Skis" [June 22], I want to draw your attention to some misstatements about who really deserves the credit for the design and the development of the hydrofoil boats built by the Rodriquez Shipyard in Messina, Italy, under a license agreement of Supramar Ltd. The indisputable merit for the invention and the design of hydrofoil boats of the "Schertel-Sachsenberg System" goes to Baron von Schertel-by the way, a grandson of the founder of the Schaefer Brewery in New York. Since World War II, all patent rights belong to Supramar Ltd., which...
...Britain plans to increase her capacity from 27 million tons to 38 million tons by 1965. Leading the way is Europe's most automated steel mill-the nationalized Richard Thomas & Baldwins Ltd. works in Wales...
...Butlin, 63, has built a hefty fortune giving vacationers more for their money: this year a million Britons will pay $42 each for a week of solid comfort and corny entertainment at one of eight Butlin's Holiday Villages. Now the ebullient Billy has decided to give Butlin Ltd.'s 26,000 shareholders more for their money, too. Under a 1948 agreement. Butlin and his ten co-directors were entitled to draw bonuses of $464,800 on 1961 profits of $7.8 million. Instead, Butlin and friends propose to take only $154,000 and to limit future bonuses...
...When he left Cambridge University in 1945 to join Courtaulds Ltd., Physicist Sir Alan Wilson, 56, was best known as an expert in quantum theory. He did so able a job of reorganizing the British textile giant's research program that he was named chairman-elect of the company last October...
Then Imperial Chemical Industries Ltd. launched its bid to win control of Courtaulds (TIME, Feb. 26). Sir Alan, who had previously been engaged in secret merger talks with I.C.I., found himself under pressure from Courtaulds' board to fight back. He managed to defeat the I.C.I, bid, but felt that his usefulness had been compromised by his shift in position. Last week, Courtaulds' directors finally accepted his resignation and began looking for a new boss...