Mr. Morgan died in 1915, but Oyuki refused to return to Japan. Last year, however, Oyuki became homesick. She began negotiations with the Japanese authorities, who, finally, permitted her to return to her native Jand.
Before her departure from Marseilles, on March 24, she told reporters she would live quietly in Kyoto, visit friends and relatives, and watch the Kamo River and the cherry-tree blanketed Int. Arashi She is still rich, and on her departure from France she was said to have "tipped" eleven porters 100 francs each, Asked if she would ive her romance with a Japanese medical student, with whom she was said to have been in love in her youth, laughed. no more romance for me,"
1937 amounted t0 $10,236,148 as compared with $4,009,103 for 1936.
There were approximately 696,500 telephones operated by telephone subsidiaries (exclusive of Spain) at December 31, 1937, a net increase in excess of 50.000 during the year. Gross telephone operating revenues for 1937 amounted to $32.476,000 as compared with "$28,751,000 for 1936.
Cable and radiotelegraph operations produced gross revenues in the amount of $5,327,000 in 1937 as compared with $4,931,000 in 1936.
Sales by the manufacturing subsidiaries for the year 1937 were the highest in the history of the Corporation, amounting to over $82,000,000, More than $10,000,000 in orders were received during the year and orders lon hand January 1, 1938 were in cess of $60,000,000 as compared with approximately $40,000,000 at the beginning of 1937.
As indicated in the Corporation's letter to stockholders under date of December 9, 1937. reporting the sale by the United River Plate Telephone Company, Limited, of an issue of its debenture bonds, Inernational Telephone and Telegraph Corporation has progress during the the retirement of the Corporation's short term indebtedness, indebtedness at December 31, 7 consisted of loan payable to York banks in the amount of $9,672,- 567 (as compared with $21,528,000 notes of subsidiaries endorsed by the Corporation and held by New York bank on January 1, 1937) and of $37.511.100 principal amount of 41% per cent Convertible Debentures due January 1, 1939 outstanding in the [har s of the public. At December 31, 1937 the cash set aside for the acquisition or retirement of the 4% per cent Convertible Debentures amounted to $11,190,779, of which approximately $700,000 has been used e the first too old to but think of 5f this year for the purpose of acquir-the joys of home-ug such
Text read from the printed page and cleaned; old type leaves the occasional error.