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The Victor Talking Machine Company

Appendix VII
Investments in Other Companies

Year Investment at end of year (after adjustments) Name of Subsidiary

1903 $138,750 Universal Talking Machine Co. (Zonophone)
1904 288,527 

Victor Dist. & Export Co. (NYC)

(p. 110)

1905 322,661

St. Louis Talking Machine Co.

The Talking Machine Co.—Chicago

1906 322,661 No purchase
1907 313,597 No purchase
1908 330,097 No purchase
1909 382,946 No purchase
1910 277,604 No purchase
1911 268,430 No purchase
1912 213,510 No purchase
1913 213,510 No purchase
1914 213,509 No purchase
1915 534,664 (Increase not accounted for)
1916 544,103 (Increase not accounted for)
1917 None All subsidiary companies sold
1918 None All subsidiary companies sold
1919 None All subsidiary companies sold
1920 1,586,583 Half Interest Gramophone Co. Ltd., London
1921 1,611,084 Pan American Recording Co., Argentina
1922 4,568,127 No purchase
1923 4,367,187 No purchase
1924 5,101,723 Controlling interest Berliner Gramophone Co. of Montreal, name changed to Victor Talking Machine Co. of Canada, Ltd.
1925 6,520,684 No purchase
1926 3,303,620 N. Y. Talking Machine Co.
Chicago Talking Machine Co.
1927 5,400,198 Additional interest Canada
Southwestern Victor Distr. Co., Dallas, Calif. Victor Distr. Co., San Francisco, Northwest Victor Distr. Co., Seattle, Victor Talking Machine Co. of Japan, Ltd.
1928 8,424,606 Remaining balance Canada
Sold 32% interest Victor Talking Machine Co. of Japan, Ltd.
Baltimore Victor Distr. Co., (Baltimore, Washington, Richmond)
Victor Talking Machine Co. of Brazil
Victor Talking Machine Co. of Chile

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