THURSDAY, MARCH 7. 18S3
' MEDFpRD MAIL TRIBUNE, MEDFORP. OREGOW
They'll Do It Every Time ..-... By Jimmylfatlo
As LORENZO, IN THE GRAMMAR
SCHOOL PLAV.SEIDLITZ LEFT SOME
THING TO BE DESIRED OR SHOULD
WE JUST SKIC IT-
But just get HtM into A
DOCTOR'S OFFICE. HE CAN OUT
OSCAR BRANDO AND THEN SOME-
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f BOON BLINDS SIGHT THE BARE BODKW NOR
psst.'-memoouYuh-IN NOTCH A BLIGHT J VET THE NEEDLE.' THE JP
SwiNES BRIGHT- I njS-.ER.UH"AW,THE 1 iSi MERE SIGHT OF BLOOD 2) f2
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U.S. Investors Study Effects
Of Britain's Market Failure
By JESSE BOGUE
UPI rininciil Editor
New York -OCT- Extent of
the U. S, businessman Inter
est in overseas markets, par
ticularly European, has been
highlighted the past two
months by his close attention
to Britain's failure to gain
Common Market membership.
The possible long-range ef
fects on the British economy,
and on U. S. investment in
various British enterprises
stilt are being studied and
debated.
This nation has a big in
vestment stake in United
Kingdom concerns.
But there is a correspond
ing and equally constant in
terest among British business
men in the condition of the
United States' economy. The
extent of it is shown by some
material recently assembled
by David L. Nicolson, chair
man of Production-Engineering
Ltd., London, an interna
tional consulting firm.
British Capital Hare
Nicholson noted that Brit
ish capital is Involved in pro
duction in the United States
of Bcores of familiar consum
er products: foodstuffs, rec
ords, textiles, pulp and paper,
chemicals, tobaccos, among
others. The gross monetary
value of British Investment
here does not approach that
HIGH RIDE
New York - (UN - One of
the attractions scheduled for
the 1964-69 New York
world's Fair Is an aerial cable
ride extending for 2,000 feet
over the main axis of the
Fair. Sponsored by the Von
Roll Iron works of Switzer
land, It will take visitors 112
feet into the air for a mem
orable view of the entire exposition.
Bulky-Knit Beauty
of U. S. investment In United
Kingdom plants but it is great
enough to give it the No, 1
ranking among all foreign
stakes in enterprises here.
There was a time in the
late 10th century when Brit
ish money contributed much
of the basic capital for devel
opment of railroads, mines
and other mass industries in
this nation.
Nicolson, basing his figures
largely on a recent U. S. gov
ernment publication dealing
with foreign investment in
the United States, notes that
the bulk of United Kingdom
direct investments here were
in 108 companies established
before World War II. Only
33 were counted between the
war and 1030 and, after that,
83.
Prefer Insurance
As could be expected from
a nation which was a world
center for banking insurance,
and business and production
professions for two centuries,
Britain long ago socked mon
ey Into U. S. companies as
sociated with these fields.
Britisli insurance compa
nies in 1060 accounted for
nearly 40 per cent of total
United Kingdom direct invest
menta here, a little over SI
billion.
Manufacturing ranked sec
ond in direct investment
with about $750 million. Pe
troleum look third place, most
of it in the Royal Dutch Shell
group; mining and agriculture
trailed. In recent years, Brit
ish Investors have been In
creasingly attracted to urban
real estate, including recently
constructed city skyscraper
developments.
Nicolson found that the
United Kingdom led in the
value of foreign-owned physi
cal facilities in this nation at
the end of 1061 with $2,484.
000,000. The investment of
more than $160 million by
Bowater Paper, mostly in
southern states, was believed
to be the largest single direct
industrial investment of any
foreign private capitalist in
the United States In the last
20 years.
Paper Company Strong
Bowater Paper Corporation
Ltd., and its subsidiaries In
cluding Bowater Board Co.,
Boawter-Carolina Corp., Ca
tawba Timber Co., set up
buildings and operations in
Tennessee and in South Caro
lina, and purchased timber
acreage.
Courtalds, which claims the
title of the world's largest
man-made fiber producer, sold
out its major interest in Amer
ican Viscose during World
War II, under the urging of
the British government's de
sire to finance war efforts.
But in 1 SS 1-52 it reestablish
ed itself in North America
with the building of a staple
rayon plant at Le Moyne,
Ala., and with another rayon
plant at Cornwall, Out.
Join With Dutch'
Two other major industrial
companies whose products arc
widely known ill the United
States are jointly owned by
British and Dutch interests.
They are Shell Oil Co., in
corporated in 1022 and own
ed by the Royal Dutch group;
and Lever Brothers, owned
by Unilever Ltd., and Uni
lever, N.V.
The largest subsidiaries of
Unilever interests in the Unit
ed States arc Lever Brothers;
Thomas Lipton Inc., and Good
Humor Corp.
In the field of music, Capi
tal Records Inc. is directly
British-owned, by Electrical
and Musical Industries Ltd.,
London. Brown and William
son is an American subsidiary
of British-American Tobacco
Co.
So casual, tlashini:. smart
Toss this bulky-knit beauty on
for sports, travel, every d,iy.
July -knit on jumbo -sue
needles, 2-strands of knitting
worsted for short or hip
length jacket. Pattern 7197:
directions sizes 32-34; 36-38.
THIRTY -FIVE CENTS
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'
PIGGLY WIGGLY
Efifl EH3 EM EES EBa
ObLt-K
TWO TAILED PARAKEET-Mrs. Thomas R. Maloney of
K.imnis CHy, Kan., holds her pel parakeet. Felix, who has two'
tails. Mrs. Maloney has been raising parakeets tor 12 years
and tliis is tile first time she has ever scon this to happen.
Other bird landers whom she showed Felix to also said they
hadn't ever seen anything like it either. (L'Pl)
Always a Winner!
If WYY
ll4rr
7m
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