590 REPORT ON COOPERATION IN AMERICAN EXPORT TRADE.

There are none in Brazil. oo .
Among the lighting companies are the following interrelations:
See foregoing.
Coal exporters; agents for Rome Gas Co.
Members of this firm also interested in
Malta &amp; Mediterranean Gas Co., and
Ottoman Gas Co.
Director, Danish Gas Co., European Gas
Co., Framwellgate Coal &amp; Coke Co., J.
Bowes &amp; Partners: (coal producers),
Pelton Steamship Co., Rodney Steamship
 Co.

A. E. Bowen....... oo
Stephenson, Clarke &amp; Co.

R. S. Gardiner...

(3) ORGANIZATION AND OUTPUT OF THE CONSOLIDATED CAMBRIAN CO. AND THE
AFFILIATED INTERESTS. NUMBER AND EXTENT OF HOLDINGS OF D. A. THOMAS IN
COAL MINES. DOCKS COALING STATIONS. SHIP LINES. AND DISTRIBUTING AGENCIES.

Mr. D. A. Thomas, the leading member of the Consolidated
Cambrian Co., is probably the most important single figure in the
South Wales coal trade. A list of his directorates from the latest
information is given below and the individual properties are treated
in detail,
_ It will be observed that several of the subsidiary companies are
simply selling and distributing agencies for the producing companies,
some of them being organized under the laws of foreign countries.
This is partly due, it is thought, to the fact that in many cases the
depots, etc., owned by the subsidiaries were paid for in whole or part
by stock of these companies and partly for reasons connected with
the income tax and other corporation laws of foreign countries.
[nstances are known where foreign countries have attempted to
force English companies operating under their own name to pay
faxes on their entire earnings, regardless of what percentage of the
operations did not come under the jurisdiction of the foreign country.
Amaral, Sutherland &amp; Co. (deputy chair- Gueret, Gait &amp; Co. sg
man). Imperial Navigation Coal Co. (chairman).
Anglo-Argentine Coal Co. (vice chair- Jos. Williams &amp; Sons, Merthyr (Ltd.).
man). . L. Gueret (Ltd.) gloputy chairman).
Anglo-Spanish Coaling Co. (chairman). Lysberg (Ltd.) (chairman).
Britannic Merthyr Coal Co. (chairman Naval Colliery Co., 1897 (Ltd.) (chairman
and managing director). and managing director). |
Cambrian Collieries (managing director). Plysson &amp; loshary InsUranas,
Consolidated Cambrian (chairman). Pt. Talbot Ry. &amp; Docks Co.
Cynon Colliery Co. Rhymney Iron Co.
Ebbw Vale Steel &amp; Iron &amp; Coal Co. (vice Societa Britannico Italiano Gueret.
pram Lo Societe General d’Houilles et Agglomeres,
Fernhill Collieries (chairman). Paris.
Glamorgan Coal Co. (chairman and man- Status Investment Trust.
aging director). Taff Vale Railway Co.
Globe Shipping Co. ,
AMARAL, SurHERLAND &amp; Co. Capital, £60,000.
This is a selling company maintaining bunker depots at Rio de Janeiro and Rio
Grande do Sul, Brazil, and also operating in the Argentine through connection
with Anglo-Argentine Coaling Co., see (p. 591),
Directors: ] Other affiliations:
T. J. Callaghan, chairman... . Deputy chairman, Naval Colliery Co.
(890); chairman, Anglo-Argentine
oaling Co.; director, B Ry. Co.;
chairman, Gueret, Gait &amp; So. Societa
Britannico Italiano Gueret; director,
Bocieta General d’'Houilles et Agglomeres.
 Paris.