Word: maatschappij
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...island of Sulawesi but does not expect to begin production before 1975. By then it will have constructed a $200 million mine and ore-processing plant. Others are not even that close to production. Alcoa is prospecting for bauxite in west Kalimantan and north Sumatra; N.V. Billiton Maatschappij of The Netherlands for tin off the shores of Bangka and southwest Kalimantan; and a Kennecott Copper Corp. subsidiary for all kinds of minerals in West Irian, central Java and Sumatra...
...mainland four years ago in the course of a search for oil. The Dutch government, shrewdly invoking a vague Napoleonic law of 1810 that claims all underground natural resources as state property, forced the two oil companies into a state-dominated consortium called NAM (for Nederlandsche Aardolie Maatschappij). The government takes 73% of its income, leaves 27% for Esso and Shell, and so far has granted every natural gas concession to NAM. Lately rumors of huge finds on the islands have brought other companies rushing in with hopes of getting a piece or prospecting offshore...
...confirmed when Flintkote filed a registration statement for an issue of common stock to replace the present Class B stock now outstanding. Upon that conversion the Class A automatically becomes plain common. When this operation is completed, two Royal Dutch affiliates, Shell Union .and N. V. de Bataafsche Petroleum Maatschappij, will sell the Flintkote shares they will get in exchange to a banking group headed by Manhattan's Lehman Brothers, who will in turn offer the stock to the public. For the Royal Dutch interest the Lehman group will pay about $15,000,000, thereby providing Sir Henri with...
Nevertheless Koninklijke Luchtvaart Maatschappij voor Nederland en Koloniën (Royal Dutch Airlines) last week blamed the crash of its famed Douglas Airliner Uiver (Stork) in the Syrian Desert six weeks ago on lightning (TIME, Dec. 31). According to KLM's experts who examined the wreckage, Uiver hit the ground at full flying speed, switches on, throttles open, stabilizer set for cruising, landing gear retracted. The gasoline fire which consumed most of the plane destroyed most of the evidence. But tools and other metal parts untouched by the flames showed marks of extreme local heat and partial melting...
...foreigner almost anything written in their language looks unpronounceable or worse. As a matter of business the company which sells their Shell oil is known as the Royal Dutch-Shell. They sell tickets stamped "Royal Dutch Air Lines" for the ships of the K. L. M. (Koninklijke Luchtvaart Maatschappij). And goods shipped from the Netherlands to English-speaking countries often are branded "Dutch...