Word: viscounts
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...sales policies had cut its share to .9%. But it had a reputation for quality, plus substantial assets and a promising moneymaker in its new smelter at Baie Comeau, Canada. Last April, apparently afraid that Reynolds or some other aggressive U.S. concern would buy control, Aluminium's chairman, Viscount Portal of Hungerford. got stockholder approval to boost the firm's shares from 9,000,000 to 13,500,000, sell the extra shares for expansion capital. Portal decided that the U.S. company he wanted as a partner was Alcoa. Last October Alcoa offered $8.40 a share (the market...
...India, where the symbolic gesture means so much, the 20th century last week sought out the old-fashioned ways. In his personal turboprop Viscount Prime Minister Jawaharlal Nehru flew 500 miles from New Delhi south to Ahmedabad. There he stepped into a red and cream Chevrolet convertible, rode 37 miles into the countryside, and came to a stop in the dingy village of Gangad, a place so desolate that it specifically recalls Gandhi's bitter comment about India's "700,000 dungheaps, known as villages...
...should belong to the community. But even that is not enough. The community must have the necessary organization to develop its economy." He exhorted the peasants to work harder, because "great nations like America and Russia" have progressed through the toil of their people. Then Nehru returned to his Viscount...
When he boarded his Viscount for home, Garcia had the promise of $48.8 million in loans from Japan to help him build the Marikina Dam, buy machinery and to expand the Philippine telephone system. He tactfully made no mention of another part of the Japanese reparations: a $2,500,000 yacht now being built in Tokyo for the exclusive use of the President of the Philippines himself...
Died. Edgar Algernon Robert Gascoyne-Cecil, Viscount Cecil of Chelwood, 94, winner of the 1937 Nobel Peace Prize for "his disinterested but enthusiastic work for the League of Nations, his work for peace among nations and in helping President Wilson in organizing the League of Nations," longtime delegate to the League of Nations, Lord Privy Seal under Prime Minister Stanley Baldwin, son of the Third Marquess of Salisbury, who was thrice Queen Victoria's Prime Minister; of injuries received in a fall; at Tunbridge Wells, England. Lord Cecil did as much to create the League...