Gulf and Western International N.V. - dated 1968 Netherlands $1,000 Sinking Fund Bond
Inv# FB6793 Bond
1968 dated $1,000 5% Bond printed by American Bank Note Company. Gulf and Western Industries, Inc. (stylized as Gulf+Western) was an American conglomerate. Originally, the company focused on manufacturing and resource extraction. Beginning in 1966, and continuing throughout the 1960s and 1970s, the company purchased a number of entertainment companies, most notably Paramount Pictures in 1966, Desilu Productions in 1967, and a number of record companies, including Dot Records (a subsidiary of Paramount Pictures at the time of purchase). These became the nuclei of Paramount Television and Paramount Records respectively. The company sold its non-publishing and entertainment assets through the course of the 1980s, with the company re-branding itself as Paramount Communications in 1989. A controlling interest of Paramount Communications was purchased by Viacom in 1994, and the entertainment assets of Gulf and Western are today part of the media conglomerate Paramount Global.
Gulf and Western's origins date to the 1934 founding of the Michigan Bumper Corporation, although Charles Bluhdorn treated his 1956 takeover of Michigan Plating and Stamping Company as its "founding" for the purpose of later anniversaries. In 1957, Michigan Plating and Stamping acquired the Beard & Stone Electric Company of Houston, Texas, and changed its name to Gulf and Western Corporation in 1958. The name reflected the company's operations in Houston near the Gulf of Mexico and its intent to serve the growing automotive industry in the Western United States. Read more at https://en.wikipedia.org/wiki/Gulf_and_Western_Industries
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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