Again, "Cibe"

Last week the utility interests of Count Giuseppe Volpi di Misurata, onetime (1925-28) Italian Minister of Finance, crossed the. English Channel and arrived in the British Isles. Their advent was signalized by the formation of British & International Utilities, Ltd., a corporation designed to acquire stocks in leading utilities of the British Isles and the British Empire. Control of this company was shared by the Volpi-formed Compagnie Italo Belge pour Enterprises d'Electricite et d'Utilite Publique, commonly known as Cibe, and by Dawnay, Day & Co., Ltd., London merchant bankers. Count Volpi is chairman; Lord Barnby of Lloyds and the Earl of Westmoreland are among the great British names on the directorate.

British & International Utilities, Ltd., is of particular importance to U. S. utility men because of the U. S. interests associated with Volpi enterprises. In the course of expanding from the north-Italian district in which, in 1904, he organized his first utility company, Count Volpi became associated with Sidney Zollicoffer Mitchell, whose Italian Superpower Co. has a large interest in Adriatic Electric Co., parent Volpi company. In February (TIME, Feb. 17) Count Volpi together with the Mitchell, Bonbright and Field, Glore (Chicago) interests, organized European Electric Corp., Ltd., utility investment company with a Canadian incorporation and trans-Atlantic objectives. British & International Utilities, Ltd., therefore represented a combination of Italian, British and U. S. capital for entrance into the British utility field.

This file is automatically generated by a robot program, so reader's discretion is required.