Document dQDKEba7qRo78OG9M7No2axwQ

1970 PIAINT1FFS EXHIBIT E-59 MOODY'S INDUSTRIAL MANUAL ROBERT H. MESSNER, Publisher henry porreca, Ass'l Publisher CEORGE H. PARSONS, Editor-in-Chief Editorial Board BOHDAN J. KEKISH ALBERT C. ESOKAIT WILLIAM J. MC CARTHY ROBERT W. BURKE A. E. COMBADER ROY H. KRAUSE JOSEPH B. LEIGH MOODY'S INVESTORS SERVICE, INC. 99 CHURCH STREET, NEW YORK, N. Y. 10007 (212) 267-8800 PHILADELPHIA Suburban Station Bldg. BOSTON 75 Federal SL CHICAGO 135 S. LaSalle SL LOS ANGELES 611 W, 6th St. SAN FRANCISCO 235 Montgomery St. WASHINGTON Colorado Bldg. LONDON: Moodies Investors Service, Ltd. Moodies House. 6 BonhiJI St.. London .0. 2 Copyright 1970 bv MOODY'S INVESTORS SERVICE, INC. New York Ail rights reserved. SC-ELEC-04921 tenn debt ... ;on stock ($io) 1 surplus ied earnings~ Irs. equity tea). stock . *t stkhldrs. eq current assets tang. com. sn. Depreciation _ ah. 6,125,000 2.386,370 870.584 8.764,380 12,021,534 181.552 11.839,982 S22.603.043 S14.139.310 851.23 S2.311,765 MQODrv industrial manual 467.576 I 51 147r. ------- - 2703 ISSA"s*"SsS3E '1339... loti 1942-44 l.oo 1947... 4$ 1940___ 1945... 1948... v'"nmon; Wpar M;i00:: HUt,ig Sa'h * Door Co. L1950. 0.50 D^T3- 'har,M: outstand.i.n...g... .. ;oen0n ill?-- *3S par 3.50 ahares; 1951-52 shares; >sy|ioai-10a pilar: In treasury, t<533 J-SLJ.9S6-- 1*50 1.15 1.20 6.00 J-00 2-50 1038... 1541... 1946... 1049.. 1953-54 NU 1.50 2.S5 5.00 2.50 2704 MOODY'S INDUSTRIAL MANUAL In Aug. acquired Allred Tev^ m,b.H, for continue to market products of Decca Navi Gotham Lighting Corp. 399.463 com. sh*. and 373,000 ans.- $4 cv, *er. gator. Decca Radar will be renamed ITT Grinnell Corp. subside.) ......... ......- H ptd. m Nov, acquired La Base S.p-A. for 29.493 com shs, Decca Marine, Inc. Co. Is buying voting shs. of Decca Radar, equal to number held by Decca Ltd. Howard W. Sams Sc Co.. Inc. The Bobbs-MerriU Co.. Inc. (98.73) Intertec Publishing Corp. 1968: In Jan. acquired Jasper Blackburn Corp. for 149.874 com. shs. and 11.241 shs, $4 cv. ser. H pfd. In Feb, acquired Levitt 8c Sons. Inc., res On June 11, 1969 acquired Nova Appareils Electro-Menagers, S. A. and La CommerclaJe Nova. S. A, for 79.815 common shares. On July 23, 1969 acquired American Elec tric Manufacturing Corp,, American Electric Research 8c Review Service of America, Im. Radio y Television, Inc, Industrial Credit Co. . liatSTlf ^ ITT Artie Services. Inc, ' ITT Avis. Inc. (& subsids.) idential construction firm, for 898,062 com, Corp. and R 3c W Corp. in exchange for ITT Canada Ltd. (Canada) shs,; basis of exchange, 0.2S5 sh. ITT for one 13?,506 common shares. Barton Instruments Ltd-. _ Levitt sh. On Feb. 28 acquired Sheraton Corp. of America, operator of hotels and motor inns in the U. S. and throughout the world isee Moody's Bank 3c Finance Manual), for 1,448, 137 com. shs. and 277,846 shs. $4 cv. series K pfd.; basis of exchange; For each Sheraton com. sh., 0.5212 sh. ITT com. and 0.05 sh. ITT pfd.; for each Sheraton pfd. sh., 1.48912 shs. ITT com. and 0.14282 sh. ITT pfd. Also ac quired Thompson Industries Inc. at same On Aug. 27, 1969 acquired Jacques French Restaurant, Inc. and related companies for 25.556 $4 convertible series K preferred shares. On Aug. 29. 1969 acquired Pearson Candy Co, for 118,812 common shares. On Sept. 16, 1969 acquired Alton Canteen Co. Inc., Alton, III., for 12,530 $4 convertible series K preferred shares. On Oct. 24, 1969 acquired Novelectrlc A.G.. Its associated companies. Bomet. S. A. and General Controls Co. (Canada) Ltd-,* Gotham Lighting of Canada, Ltd. ITT Cannon Electric Canada Ltd. r'-- IT8cT Electronics Service Co. of:Ci Ltd. ITT Industries of Canada, Ltd. Jabsco Pump Co. Of Canada Ltd. Royal Electric Co. (Que.) Ltd. Wakefield Lighting Ltd. ITT Canteen Corp. (3c subsids.) .:<TJ ITT Commercial Services, Inc. time through Sheraton Corp, of America Pamblanc S. A., for 58,182 common shares. 0ITT Consumer Services Corp. (67J>4) ownership of over 90% of Thompson Indus On Oct. 30, 1969 acquired business and ITT Aetna Corp. (3c subsids.) tries, Inc, substantially all assets of Southern Wood On Apr. 26 acquired (thru a newly formed, Preserving Co. for 120,000 common shares wholly-owned. Delaware subsidiary, ITT Ray- and 75.000 $4 convertible series K preferred Bergon Corp. (8c subsids.) (Pu< ITT Hamilton Life Insurance Co* ITT Life Insurance Co. of N. Y*?1 oruer Incorporated) Rayonier, Inc., producer shares. ___ ITT Variable Annuity Insurance of chemical cellulose and lumber thru ex On Oct, 31, 1969 merged Grinnell Corp. ITT Continental Baking Co., Inc. f,` change of 0.3950 ITT com. shs. and 0-2675 sh. into a wholly owned subsidiary. Grinnell Continental de Alimentoa, SA.j ITT S4.50 cv. pfd., series I, for each Rayonier Corp, stock was converted into 1.567,012 com com. sh. Based on Rayonier shs. outstg,. trans pany common shares and 1,709.468 $4 con action involved issuance of 2,463,990 ITT com. vertible series K preferred shares. shs. and 1,668.651 pfd. shs. On Dec, 24, 1969 acquired Newkirk Asso (Mexico) DiCarlo's Baking Co, '. Love's Ltd. Morton Frozen Food* of rnnan* On June 27 acquired Pennsylvania Glass ciates Inc. for 17,022 common shares. nada) _ ^ ** Sand Corp. ior 1,112.427 common shares and 1970; In Feb. 1970 acquired B 6c B Stores, National Continental Food* Ltd- 478.273 $4.50 convertible preferred, series 1 Inc. and subsidiary Automatic Vendors. Inc. on basis of 0.628 common share and 0.27 for 6.308 $4 series K convertible preferred (50) : Purity Bakery, Ltd, (Bahama*) - Aj referred share for each Pennsylvania Glass and Corp. common share. On July 22. acquired Speedwriting Co., Inc. shares. In Apr. 1970 merged Hoffman Specialty Mfg. Corp. for 123,750 common shares. Paniplu* Co. ITT Decca Marine, Inc. (50) ITT Educations! Services. Inc. (& for 118.227 common shares. Also on July 19 acquired ETC Inc. for 131.250 common shares. In Aug. acquired Transportation Displays. Inc. for 54.107 common shares and 7,779 shares of S4 cumulative preferred, series K. Also In Aug. acquired Stenberg-Flygt AB. Lindas, Sweden for 345.282 shares of common. On Aug. 30, sold Cableviaion, Inc. On Sept. 13 acquired Continental Baking Co. through newly formed subsidiary ITT Continental Baking Co. by exchange of 3, 181,111 common shares and 1,087,132 S4 cum ulative convertible preferred, series K shares and 128.000 shares $5.50 cumulative preferred, series L, on basis of 0.72 common share and 0.25 $4 cumulative preferred series K share for each Continental Baking Co. common share and one share $5.50 cumulative pre ferred series L for each Continental $5.50 cumulative preferred share. On Oct. 4 acquired Gotham Lighting Corp. for 37,923 common shares. n Nov, sold its 52% interest In Facel Corp.. Lisbon. Portugal. On Dec. 20. acquired Gremar. Inc, for 75,684 shares common on basis Of 0.17 common share for each share of Gremar, Inc. common. Also in Dec, acquired Pennway Co, for 57,027 common shares. 1969: On Jan. 3, 1969 acquired Thorp Fi nance Corp. (See Moody's Bank 3c Finance Manual) for 463,660 $4 convertible aeries K preferred shares and 39,625 $6 cumulative, series M preferred shares on basis of 0.2 $4 convertible series K preferred share for each Thorp Finance Corp. common share: 0.435 $4 convertible series K preferred share for each Thorp convertible preferred share and one share S6 series M preferred share for each Thorp 5%- preferred share. In Jan. acquired Yellow Cab Co., Kansas City. Mo. for common stock. On Jan. 30. acquired Joseph B. Gigllo Enterprises, Inc. in exchange for 68,781 com mon shares. On Feb, 7, acquired Marquis-Who's Who, Inc., publisher and distributor of biographi cal reference books, in exchange for 137.932 common shares. On Feb. 17, 1969, acquired Liberty Investors Benefit Insurance Co. in exchange for 54.206 common shares. On Mar. 14 acquired United Homes Corp., Federal Way, Washington for 140.041 shares of common; merged into Levitt 3c Sons, subsidiary. Hartford Tire Insurance Co. Merger; ITT Electro-Physics Laboratories, Company and Hartford Fire Insurance Co. ITT Export Corp. '-- have agreed on terms of a merger, which ITT Farnsworth Research Corp. has been approved by stockholders of both ITT Federal Support Services, Inc,C companies. The transaction involves issuance ITT Financial Services Inc. ' of a maximum of about 22,000.000 company Abbey International Corp- (50) $2,25 convertible series N cumulative pre Abbey Life Assurance Co. L ferred shares, each such share being con Abbey Life Insurance Co. vertible into 1,25 shares of company's com Abbey Overseas Insurance 1 mon for three years and into 1.20 shares hamas) , ,,, thereafter; a maximum of 27.500.000 com Abbey International Insurance mon shares to be reserved for conversion (Bahamas) , .,, of such preferred shares. In Dec., 1969, Con Abbey Leven Nederland N. necticut State Insurance Commissioner is lands) ,,_ sued an order under provisions of Con International Telephone it Tell necticut Insurance Law disapproving pro Corp. posed merger on stated ground that It is Kellogg Credit Corp. not in best interest of Hartford stockholders. Company then announced plan to make a voluntary exchange offer to all Hartford stockholders on same terms as proposed merger (one share of company $2.25 cumu lative convertible series N preferred for each Hartford common share). In May 1970, Connecticut State Insurance Commissioner i approved exchange offer and company went: ahead with offer as planned. Offer, which expires June 17. 1970 unless extended, is contingent on tender of at least 95% of Hartford's outstanding common shares or such lesser percentage not le3 than 80% as shall be determined by company. Hart ford Fire Insurance Co., Hartford. Conn, is exchange agent and First National City Bank NYC and Connecticut Bank 3e Trust Co. Hartford are forwarding agents. A Justice Dept, spokesman stated May 28, 1970 that Govt, would continue court action if company and Hartford Fire carry out ITT Gillillan, Inc. ITT Mobile Telephone. Inc. ITT Rayonier Inc. , Rayonier Canada Ltd. (Canada) Rayonier Canada (B. CJ Ltd.Western Forest Industries Alpine Logging Ltd. '' Pioneer- Timber Company Ltd. Alaska Pine Co. Ltd. BC Pulp & Paper Co. Ltd. 1. Rayonier, Canada Sales Ltd. Quatslno Navigation Comr' Canadian Puget Sound I ber Co. Ltd. .....,, Rayonier Industries Ltd. ^ Rayonier Export Corp. ritr Rayonier Sales Ltd. Raymidga Co. Ray-Service Co., Inc. Grays Harbor Paper Co, (J Nihon Rayonier KabushiW their merger. Under a previous court ruling, ITT Systems Constructors both companys must continue to maintain ITT Pasco, Inc. separate financial records until court case, ITT Terryphone Corp. which has been ordered to trial for some ITT World Directories. "c- time in Nov, 1970 Is settled. ITT Western Hemisphere As contemplated by a ruling of Internal ITT Caribbean Directories Revenue Service concerning non-taxability ITT World Directories of proposed merger with Hartford, company sold its Investment in Hartford during 1969. land) . Servicios PrlvadM Sales price of Hartford shares, which was SAC el (Argentina) .___ substantially at company's cost, is subject Guia & Publicic dad de Wj to adjustment until June, 1971 depending Guia C.A. de Publicldad (V^ upon certain settlement options under terms of contract of sale. Proceeds from sale ($88, 809,000) are included in other assets at Dec. 31, 1969 since they are restricted as to with drawal under provisions of contract. World Directories Pty. Africa) ITT World Guides Inc. "Promedia" Werbegeai On Apr. 25. merged Canteen Corp. (through Capital Expenditures: In 1969 company Pubilcacoes de Llstas a newly formed subsidiary ITT Canteen spent 513 million for improvement and ex Bertrand (Irmaos) Ltd.-- Corp.) (see appended statement) by exchange pansion of plant and facilities. Of this total, Intelex Systems Inc. _ . of 1,380,030 common shares and 1.350.878 senes manufacturing facilities required $207 mil International Electric coxp^,. K preferred shares on basis of 0.2686 common lion, consumer and business services re International Standard, E* y-.(-- shares and 0.1930 series K preferred for each quired S211 million and utility operations re Canteen Corp. common. On Apr. 28. Justice quired $95 million. ITT de Mexico. ^AIndustria de Teiecomunic--- Department filed suit in Federal Court at Chicago aimed at forcing company to undo SUBSIDIARIES Industries Oeelco de M?d merger with Canteen Corp. Justice Depart (100% owned by ITT Corp, except a* In ment also sought an injunction to keep the dicated in parenthesis). two companies functionally separated until American Building Services, Inc. the antitrust suit was decided. American Electric Manufacturing Corp. In April company agreed to acquire CSeS Lighting Maintenance Decca Systems. Inc., and half interest in ETC, Inc. Decca Radar. Inc. DSI is U. S, distributor of j Federal Electric Corp. air navigation products of Decca Navigator 'Base Service. Inc. ITT Industrial S.A. de<-J Material es de Telecomu McClellan. S.A. w. Standard Electric* de Levitt and Sons. Inc. I . Liberty Investors Ben" , Marquis-Who's Who, Inc Co. Ltd., London, a subsidiary of Decca Ltd. j Federal Electric GmbH (Germany) (see general index). Under a leng term ITT Technical Services, Inc. license agreement. Decca Systems, to be ! G. K. Hall Corp, A. N. Marquis Co. _l Who s Who InternaUc^ Marquis-Who's wl/" renamed ITT Navigator System*, Inc., will I G. K. Hall 3e Co. hamas) MOODY'S INDUSTRIAL MANUAL 2705 i jiarquis-Who's Who Ltd. (Ba- ITT Industries. Inc. (ITTI-Del.) 1 Bradema Engstrom El. AB (Sweden) Jffbo Who International Holding Co. Cannon Electric Itaiiana S.pA. (Italy) oi uG7r2lga)ss Sand Cog>. t pulverizing Cannon Electric France, SA. (France) Cannon Electric International, Inc, (Pan ama) F. D. Newcombe 8c Co., Ltd. Devonia Finance Co., Ltd. Piped T.V. (West Cumberland) Ltd. (51.2) Telephone Switching International Ltd. Private Telephone & Electric Co.. Ltd, Regentone Products Ltd. Cisoi-gC^o. __1 Silica Corp. fiinri & Timber Co. V Explorations. Inc. kkuisell. Inc. ntan Corp. of America (Sc subslds.) Wood Preserving Co. _nont Co. {99) Hated. Inc. IInstallations, Inc. nee Carp, 18c subslds.) _ldinff Services. Inc. (UBS) 1 Building Services, Inc. sprises. Inc. , bow Cleaning Co. of Central Ohio hone Sc Telegraph Corp. 1 Cable Sc Radio Corp. rica Cables & Radio, Inc. --rial Cable Co. _ ., i American Tel, Sc Tel. Co. (Cuba) Cannon Electric GmbH (Germany) Deutsche ITT Industries GmbH Draeger G. C. Regelungstechnik GmbH Liedtke Sc Wiele K. G. Hans Hager K. G. AB EIjo Plastindustrl (Sweden) Gallino S.pA. (Italy) Halsey's Electric Co. Ltd. (England) Halsey's (.1 ranches) Ltd. Halsey's (Wholesale) Ltd. ITT Industries Belgium SA. (Belgium) (99.93) ITT Industries International SA. (Swit zerland) ITT Industries Limited (England) Cannon Electric (Great Britain) Ltd. Designed Heating Sc Supplies Ltd. ITT Europe. Inc. ITT Hellas S.A.I. (Greece) Le Materiel Telephonique (France) (67.96) Lignes Telegraphiques 8c Telephonlques (France) (40) Argosy Badiovision Ltd. (England) Combined Radio Sc Television Service Ltd. (England) Radio Gramophone Development Co., Ltd. (England) Regentone Radio Sc Television Ltd. (England) Rental Services Ltd. (England) United Components Ltd. Standard Telecommunication Laborator ies Led. Standard Telephones 3c Cables (No. Ire land) Ltd, (No. Ireland) Standard Telephones Sc Cables (Finance) Ltd. (England) Standard Telephones Sc Cables (Proper ties) Ltd. S.T.C. Semiconductors Ltd. Standard Telephones (Rentals) Ltd. The Sun Electrical Ltd. (94) H. W. Gilbert Ltd. W. E. Beardsali Sc Co. Ltd. ackay Cable and Radio Corp. Nederlandsche Standard Electric Matt- International Telephone Sc Telegraph Co Ltd, -__ppines) (Central America Cables & Radio, schappij N.V. (Netherlands) International Telephone Sc Telegraph Corp. Internationale Luchvaart Radio Service (Espana) SA. (Spain) N.V. (Netherlands) Joel Olesons Elektxiska AB (Sweden) tComunicaciones Mundialez, S.A. Scheepsradiodienst N.V. La Base S.pA. (Italy) ntina) (99.99) numcacoes Mundiais SA. (Brazil) Nova, Appareils Electro-Menagers. SA. and La Commereiale Nova S.A. (Belgium) Oceanic (France) (66.94) Teiebank-France (99.9) A) N. V. Zuid Holiandse Conservenfabriek Gro- Grohe Handelsgesellschaft GmbH (Ger (f&mmunieaciones Mundiales, SA, fueo (Netherlanda) many) (85) Te) (80.55) Oy Suomalainen ITT A.B. (Finland) 99.11) Friedrich Grohe Armaturenfabrlk KG aununieations, Inc.--Virgin Islands Rabor Construcoes Electricos. SARD. (Port (60) erld Communications Inc. ugal) Wireless. Inc. Standard Electric Aktieselskab (Denmark) ppines Press Wireless, Xnc. (Philip Max Manus Tel-Contracts A/S 's) (95) Standard Electric Puhelinteoliisuues oy (Fin Schmole Sc Comp. Werkzengfabrlk KG (60) Stenberg Flygt AB (Sweden) Graetz Raytronik GmbH (Germany) Wireless Uruguaya, Lida, (Uru- land) (99.99) Graetz Vertriebs GmbH 7) (99.80) Standard Electrlea, SA. (Spain) (65) Petromax Vertriebs GmbH - dio Brasiiiera. Ltd. (Brazil) (99.70) Cia Radio Area Maritime Espanola SA. Aida Vertrieb* GmbH ["to Telephone Co. Etesian Satellite Corp. (Indonesia) p. of Cuba (Cuba) ads Telephone Corp. (Virgin Is- Candy Co. TMJteen Co. Inc. JJthch Restaurant, Inc. and related "dies bnal Standard Engineering, Inc. t Communications, Inc. deal Services, Inc. ; Sul Paulista, S.A. (Brazil) 9 Palmare* Hotels e Turismo, ill) 1 Standard Electric S.A.C, (Chile) ii Standard Electric Argentina (Argentina) (99.99) Finaneiera Standard Electric, / (Argentina) (99.99) J^draulicos S.A. (Venezuela) "a Telex de Puerto Rico, Inc. (Puer- Standard Electriea SAFI,. (Portugal) Standard Elektrik Lorenz A.G. (Germany) (99.44) Dethioff-Electronic GmbH Graetz GmbH Graetz K.G. (74JO) Graetz Holzwerke GmbH Industrial Pump Ltd. (England) ITT Fluid Handling Ltd. (England) Bell Sc Gossett Ltd. Jabsco Pump Co. Marlow Pump Co. Ltd. Maclaren Controls Ltd. (Scotland) John H. Scott Electric (England) Northray Farm Products Ltd. (England) ITT Prodotti Industrial! S.pA. (Italy) Societe des Produits Industrie!* ITT (France) (99.97) CFRO (France) (99.97) Intel S.A. (Switzerland) .. Cia Internaclonal de Telecomunicaclan * Electronics. SA. (Spain) (70) O Sc K, Geissier GmbH (Germany) Oceanic Radio Vertriebs GmbH Radlofabrik Ingelen Flger Sc Co. K.G. (Austria) Schaub-Lorenz Vertriebs GmbH (Ger many) SEL Finanz GmbH SEL Kontakt-Baueiemente GmbH SEL Unterstutzungs GmbH SEL Versicherungsdienst GmbH Standard Telephon Sc Telegraphen A.G. Czelja Ntasi Sc Co. (Austria) (93.26) Standard Telephon Analagenvermietung GmbH (Austria) Standard Radio Sc Telefon AB (Sweden) ITT Norden AB Tomtrattsaktiebalageb Snacken Standard Teleton og Kabelfabrlk A/S (Nor way) (99.98) Standard Telephone et Radio SA. (Switzer land) Mueller-Barbferi AG Steiner A.G. Bern ! (80) ITT Standard S. A. (Switzerland) Standard Telephone* Sc Cable* Ltd. (Eng ^"ieraton de Argentina Sociedad Qp Internationale Standard Electric Corpora 9. Commercial Industrial e Inmo- tion Subsidiaries i (Argentina) Alfred Teves GmbH (Germany) land) Ace Radio Limited Commercial Cable Co. (Marine) Ltd. "dal Standard Electric of N. Y. Bergneustadt GmbH P. X. Fox Limited Dr. Hermann Mueller K. G. Gardners Telemeter Ltd. I Tele. Sc Tele. Corp., Sud Amer- Teves-Motorenteile und Hydraullsche Hudson Electronics Ltd, Aggregate GmbH (80) International Marine Radio Co. Ltd. gj ^Peruana de Telefonos 3A. Bell Telephone Manufacturing Co. (Bel Kolster-Grandes Limited gium) Kolster-Brandes (No. Ireland) Ltd. (No. *"'* de Telefonos de Chile (Chile) Electrorental* S.A. Ireland) International Visual Aid Center S.A. Pearl Radio (Bolton) Ltd. (England) (75) njvjdd Industrial Products. Inc. rVAC FRANCE (France) J. Arnold (Electronics) Ltd. (England) J(=an Manufacturing, Inc, Radio Redillusion (Belgium) (34.98) Walker, Reynolds Sc Co. Ltd. Sdbean Sales Sc Service (P.R.) Inc. Standard Finance, SA. Cannon Electric (Australia) Ltd. (Australia) Sf Hico) Promedia S.A. (50) iSddin Sales and Service Company Bell Congo (Congo) (35.72) ITT Far East Sc Pacific, Inc. k^dtinam) Compagnie Generale de Construction* Tele- ITT Oceania Pty Ltd. (Australia) gddard Electric Surinam N.V. (Sur- phoniques (France) (99.95) ITT Far East Ltd. (Hong Kong) Claude (54.20) Transelectronlca Ltd. (65) ifef1 Sales and Service, Inc. Claude Spa (Italy) (9384) ITT Malaysia Ltd. (Malaysia) i^Jical, Inc. Claude (Morocco) (Morocco) ITT Philippines Inc. (Philippines) (99.53) L^rica, Inc. Claude Publiclte (France) (77.43) ITT Thailand. Ltd. (Thailand) bis; Electric de Colombia SA. Bas <Se Cie. Paris (France) (99.00) Bag SA.R.L. Paris (France) Standard Telephones Sc Cables Pty. Ltd. (Australia) *d Electric of Jamlca Ltd. (Ja- Legourd & Cie. Rouen (France) Legourd S.A R.L. Paris ITT Australia Pty Ltd. ITT (N. Z.) Ltd. (New Zealand) 1 Electric'of Panama, SA. (Pa- Lux, Nantes (51) STC Finance Ltd (Australia) Sofelem, Paris (98) STC Investments Ltd. dard Electric del Peru, SA. GME (Soc Gen de Mecanlque et d'Elec- Austral Standard Cables Pty. Ltd. (40) tricite) Antwerp (Belgium) (37.50) Bell Congo S.E.RX.. (Congo) ,,, Electric de El Salvador, SA. Copel (Cie de Publiclte et de Lumlnea- ITT Hotel Corp. of Tunisia (Tunisia) (75) cenae) Zurich (Switzerland) (94) ITT Industries (Nigeria) Ltd. (Nigeria) c A. (Venezuela) Rovo-Claude, Zurich (95) ITT Maroc (Morocco) TV|fd Electric de Venezuela, CA. Laboratolre Central de Telecommunications ITT Nigeria Ltd. (Nigeria) kJ'^trlca, S.A. (Brazil) Induatrial. S.A. (France) (99.96) Laboratoire Central de l'Eclairage Tel- S?*) Lda, (Portugal) MIT (France) (99.97) StffiaK&IJTvi '^omunikaayon Ltd. pt^^dfabriek N.V., and associates dsverucherungs A.G. (Germany) dtai^ktiobolag (Sweden) 8 Compagnla di Assieura- S.p.A. (Italy) Oliverfra. Filhos Sc Cia. Lds. Lebensverslcherung A G. Compagnie Generale de Metrologle SA, (France) (99.40) Societe Civile Immobilier* LaSavoyarde Societe Francaise de Cadrans (97.50) Creed & Company. Ltd. (England) (Creed (Rentals) Ltd. Electrical Component* (Holdings) Ltd. (Eng land) Comspun Ltd. Electrical Components Ltd. Flinders (Wholesale) Ltd. _, Electrical Wholesalers (Shropshire) Ltd. Sirketl (Turkey) (98) ITT Iran S.A. (Iran) Standard Telephones Sc Cables (South Africa) (Pty) Ltd, (South Africa) Millers Electrical Lines (Pty) Ltd. Sc Subs. (S. Africa) STC Rhodesia (Pvt) Ltd. (Rhodesia) ITT Supersonic Africa (Pty) Ltd, (South Africa) Supersonic Radio Manufacturing Co. (Pri vate) Ltd. (Rhodesia)