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...York's Socony-Vacuum Oil Co., Inc. joined with Powell Duffryn, Ltd., Britain's largest coal firm, to build a $30 million oil refinery in Coryton, England. Under the deal, Socony sold a half-interest in its British subsidiary. Vacuum Oil Co., Ltd., to Powell Duffryn, in exchange for ?3,500.000 ($9,800,000) and the refinery site. Socony has put $3,000,000 in new capital into Vacuum Oil, will loan it $2,800,000 more to help start up refining operations. The deal will permit Socony to sell refined products in the sterling area despite Britain...

Author: /time Magazine | Title: FOREIGN TRADE: A Helping Hand | 4/3/1950 | See Source »

...diamond-mining South African pioneers, is a director of airplane-manufacturing firms as well as of an African railway. Lieut. Colonel Henry Guest, Viscount Wimborne's brother, is a director of the $75,000,000 Guest, Keen & Nettlefold's iron, steel and coal company, of Powell Duffryn Associated Collieries with a capacity of 20,000,000 tons annually. The Rt. Hon. Leopold Charles Maurice Stennett Amery is a director of Cammell Laird and Co., Ltd., famed British warship-builders, is married to a sister of Viscount Greenwood, another of whose sisters married Viscount Wimborne's nephew...

Author: /time Magazine | Title: Foreign News: Government of Cousins | 8/7/1939 | See Source »

Clarence Napier Bruce, Lord Aberdare of Duffryn, who is one of the best racquets players in the world, has never managed to win the Court Tennis Championship of England, but he went after Frank Frazier coolly last week in the Racquet & Tennis Club, Manhattan, for the U.S. title. More experienced, Lord Aberdare out-placed him and Frazier, coming in close to get the Englishman's cut-shots, netted repeatedly. After being set-point three times, Lord Aberdare won the first set 6-3, took the next quickly, then began to net shots on his own forehand. But Frazier...

Author: /time Magazine | Title: Sport: In the Courts | 3/17/1930 | See Source »

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