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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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