57 



manufacture of aluminium in Canada and the United States. The 

 capacity of the Badin plant, since its enlargement " has been stated 

 to be 65,000 k.w., capable of furnishing 23,000 (metric) tons of metal 

 annually." In Tennessee, the Aluminum Co., through a subsidiary 

 company, has developed a water-power plant on the Little Tennessee 

 river. This is the first of a system of seven plants, which, " when 

 completed and put into action, will just about double the aluminium- 

 producing capacity of North America." Seven dams will store water 

 sufficient to produce a constant 450,000 h.p. The investment in this 

 development may be estimated at §40,000,000. 



The Boston News Bureau states that, commencing with $1,000- 

 000 authorized capital in 1889, the Aluminum Co. of America increased 

 its capitalization to §3,800,000 in 1905 and to S20,000,000 in 1909. 

 In 1916, it paid a dividend of 10 per cent. " As a matter of fact, the 

 company has invested about $70,000,000 of undivided profits in its 

 business; its present investment in plant is over $80,000,000. The 

 market value of its $20,000,000 stock is probably $150,000,000."* 



Great Britain — The British Aluminium Co. has two plants in 

 Great Britain and two subsidiary reduction plants in Norway. When 

 war broke out, it suspended work on the development of a water- 

 power and a reduction plant in Switzerland. Extensions of its British 

 plants are under construction and plans are on foot to increase its 

 Norwegian plants. Profits in 1917 were £347,474 ($1,737,000) out 

 of which 6 per cent dividend was paid on the preferred shares and 

 10 per cent on the common. 



The Aluminium Corporation has one plant in Great Britain. 



The price of aluminium in Great Britain in 1917 was fixed at 

 48.8 cents per lb. 



France — There are plants with an aggregate capacity of about 

 100,000 h.p., viz.: Societe Electrometallurgique Frangaise, with 

 factories at La Praz and at Gardannes; and the Compagnie des 

 Produits Chimiques d'Alais, with factories at Calypso, St. Felix de 

 Maurienne, St. Jean de Maurienne, Auzat and Chedde. 



The French Ministry of Munitions fixed the price of aluminium 

 in France for 1917 at 4 francs per kilo (32-7 cts. per lb.), but, on 

 Oct. 1, increased it to 6 francs (50-9 cts.). 



Switzerland — The Aluminium Industrie Aktiengesellschaft, Neu- 

 hausen, Switzerland, controls factories with an aggregate capacity of 

 100,000 h.p., viz., one at Neuhausen, Switzerland, one at Rhcinfelden, 

 Germany, and one at Lend-Gastein, Austria, also at CVippis-Borgne. 

 Its net profits in 1917 were 19,810,000 frs. A dividend of 20 per 

 cent was paid on the 35,000,000 frs. capital stock, the 8,750,000 



*Th€ Mineral Industry During 1917, p. 13. 



