Suchergebnisse

Half-title: Johnny Gibb of Gushetheuk in the parish of Pyketillim, with glimpses of the parish politics about A.D. 1843. ; Mode of access: Internet.

Robert Gibbs, former White House press secretary for President Obama, sits down with David to discuss his childhood in Alabama, his experience working for Sen. Fritz Hollings, Obama's 2008 campaign, life in the White House briefing room, and more.
To learn more about how CNN protects listener privacy, visit cnn.com/privacy
Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Lesotho government has taken four British business groups to court, charging them with paying bribes to the chief executive, Masupha Sole, of the Lesotho Highlands Water Authority. The companies, Balf our Beatty, Sir Alexander Gibb and Co, Stirling International Civil Engineering and Kier International are charged alongside the Swiss‐Swedish group, ABB, Impregilo of Italy, Acres International of Canada and Sogreah, Dumez and Cegelec of France. Balfour Beatty was a partner in the Lesotho Highlands Project consortium and is accused of paying more than £1 million to Sole over three years. Kier International and Stirling International, within the Highlands Water Venture consortium, are alleged to have paid him £250,000, while Sir Alexander Gibb and Co is accused of transferring £51,478.01.

In 1928, Utah Construction Company completed its first project outside of the United States with the 110 mile railroad for Southern Pacific of Mexico. Over the next 30 years, UCC continued to work on projects in Mexico including dams, roads, mining, and canals. The collection contains several booklets and correspondence along with approximately 500 photographs. ; 8.5 x 11 in. paper ; RECEIVED OCT 27 1971 GIBBS AND BISSELL ATTORNEYS AT LAW FINLEY J. GIBBS RUTH A. BISSELL I620 EL CAMINO REAL MENLO PARK, CALIF. 94025 TELEPHONES: 415-323-0588 415-323-4111 CABLE ADDRESS: ""GIDE"" October 25, 1971 Mr. Weston Bourret Utah International 555 California Street San Francisco, California 94104 Dear Wes: I am enclosing annual reports of Industrias Penoles for years 1969 and 1970. I am also enclosing various reports issued by ""The Mexican Investor"" and a report by Banco Nacional de Mexico (Banamex). I would appreciate the return of the annual reports for Industrias Penoles when you are through with them but you need not return the other information. In reading the reports remember that the dollar sign means Mexican currency and only when the letters M.A. appear after the figures is U.S. currency designated. Also, some ad-ditional capital was raised this year through the sale of 625,000 shares of stock to the stockholders at $100.00 Mexican currency a share so that its present capitalization is 3,125,000 shares. As presently set up the shares of Penoles are 85% in the hands of Mexican nationals and 15% in the hands of foreign-ers. One-third of the foreign stock is held by Bethlehem Steel which is interested in the new zinc smelter which is in the process of construction and apparently will buy part of the production. There are several subsidiary corporations in which American companies have an interest. American companies parti-cipating in the operations of Penoles include Allied Chemical, Bethlehem Steel, Continental Company, Freeport Sulphur and Du-Pont of Canada. A Canadian company, Pure Silver Mines, Ltd. is also associated in a silver exploration venture in Guanajato. Apparently DuPont of Canada has some interest in this venture. I am enclosing a reprint from a bulletin from DuPont referring to its interests in Mexico and to an exploration program entered into with Penoles. Penoles has expanded very rapidly in the last few years and the B shares, which are the shares which can be bought by foreigners went up to a high of around $260.00 Mexican cur-rency a share this year but recently have dropped to around Mr. Weston Bourret -2- October 25, 1971 $189.00 Mexican currency. The lower prices for its products, particularly silver, have resulted in a substantial reduction in its earnings. Penole's latest venture is the mining of fluoride and the production of hydrofluoric acid. Apparently Penoles will become the largest producer of hydrofluoric acid in North America and possibly in the world. It has accomplished this by acquiring some fluoride deposits held by Allied Chemi-cal and other U.S. companies and forming subsidiary corpora-tions with these companies to mine the fluoride and produce hydrofluoric acid. According to the 1970 annual report the Mexican government is giving special tax benefits to Mexicanized mine-ral ventures and in particular to Penoles which appears to be in a powerful position politically. The company seems to have good financial connections through the Chase Manhattan Bank and Kuhn Loeb & Co. and the First Boston Corporation of New York. There is some danger that the company may have ex-panded too rapidly and in the face of lowered metal prices its immediate future is somewhat cloudy. However, in view of its strong political position and its apparently able management and the fact that it has several strong American companies working with it I feel that its long term future is good; pro-vided, of course, the political situation in Mexico remains stable. If you should ever wish to talk with the management of the company, I would be glad to give you a letter of intro-duction to Ingeniero Jose A. Garcia who is the senior vice president or to Ing. Vincenti Cisnero who is on the executive committee. Ing. Garcia does not speak English too well but un-derstands it well enough. Ing. Cisnero speaks English beauti-fully and received his engineering degree in the U.S. If you would like me to translate any part of the reports for you I would be glad to do so the next time we get together. Best regards, Finley Finley FJG/hem Enclosures