CONDITIONS IN PARTICULAR INDUSTRIES. 27

and public-utility companies, with which connections are advantageous
 for the securing of business.
CoNTROLLED cOMPANIES.—The A. E. G. maintains a most extensive
organization throughout Germany and many foreign countries by
means of subsidiary companies. Some of these are banks for the
financing of electrical enterprises; others are operating, managing,
and selling companies. All in all they represent a capital investment
of approximately $500.000.000. The more important are the following:

Elektricitits-Lieferungsgesellschaft, with 27 branches in Germany
and abroad.
Allgemeine Lokal und Strassenbahngesellschaft, which operates 12
street-car systems.
Bank fir elektrische Unternehmungen, Zirich, which, with the
Société Franco Suisse pour P'industrie électrique in Geneva, operates
and controls 50 large enterprises. On June 30, 1915, the paid-in capital
 stock was 75,000,000 francs, and 8 per cent nt were paid.
The total book value of stocks held on that date amounted to
139,030,212 francs.
A. E. G. Unternehmungen A. G. in Frankfurt.
Treuhandbank fiir die elektrische Industrie.
A. E. G. Union in Vienna.
Aktien-Gesellschaft fir elektr. Bedarf, Vienna.
Union, Ungarische Elektricitits A. G. (for Hungary).
The Russian A. E. G.
: 3: E. G Thomson-Houston Societda Italiana di Elettricita (for
taly).
SJoiotd Elettrotecnica Commerciale Italiana (for Italy).
Allgemeine Elektricitits-Gesellschaft in Basel (for Switzerland).
Société Francaise d’Electricité A. E. G. (for France).
A. E. G. Union Electrique (for Belgium).
A. E. G. Electric Co. (for England). also the Electrical Co. of
England.
A. E. G. Thomson-Houston Iberica, Madrid and Lisbon.
A. E. G. Societate Generale Romana de Electricitate (for Roumania).

A. E. G. Bulgarian Electrical Co.
A. E. G. Dansk Elektricitets Aktieselskabet (for Denmark).
Elektriska Aktiebolaget A. E. G. (for Sweden).
Elektricitets Aktieselskabet A. E. G. (for Norway).
A. E. G. Electrical Co. (for South Africa).
A. E. G. Compaiia Sudamericana de Electricidad in Buenos Aires.
A. E. G. Compaiiia Sudamericana de Electricidad in Rio de Janeiro.
A. E. G. Compaiia Mexicana de Electricidad (for Mexico).
Nationale Automobil Gesellschaft, Berlin.
A Berlin (for electric taxicabs).

Elektro-Chemische Werke in Bitterfeld.
Capito &amp; Klein A. G.
“ Beleuchtungskodrper.”

1 Zwanzigster Geschiftsbericht d. Bank fir eloktrische Unternehmungen in Ziirich, vom 1. Juli 1914,
bis 30. Juni 1815 (Ziirich), 1915.