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| | TIME Magazine Archive Article -- PERSONAL FILE -- Nov. 9, 1962 (Site not responding. Last check: 2007-10-12) |
 | | ∙ Stepping up to the honorary presidency of his huge Rank Organisation Ltd., Britain's shrewd Lord Rank, 73, turned over the chairmanship to John Henry Davis, 55. |
 | | Five years ago, as Rank's deputy in running Britain's biggest film studios and theater chain (507 houses), Davis, a onetime accountant, decided that increased pay and leisure would lure working-class Britons away from the movies to other and costlier forms of entertainment. |
 | | Accordingly, the Rank Organisation closed or sold 148 theaters and put the proceeds into dance halls, bowling centers, highway restaurants and a new... |
| www.time.com /time/archive/printout/0,23657,829361,00.html (145 words) |
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