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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Oct 04, 1963
Page
9
Samuel Vernon Collins, head of Marine Diamond Corp., aims to become the region’s top diamond producer by harvesting gems from ocean depths. The 50 year old pioneer built a near gamble operation that shows strong potential in southern Africa.
The article tracks Texas entrepreneur Collins and his offshore diamond venture off South West Africa. It details floating mining camps, barge 77 operations, and a plan to reach 300 000 carats monthly while expanding fleets and refining ships. It notes the Atlantic coast concession, Emersion K tug, and Cape Town base as key milestones.
Regional Director Pat Meloan of the U S Department of Labor’s Wage and Hour and Public Contracts Divisions announced changes to the Fair Labor Standards Act white collar exemption tests effective Sept 30. New salary tests apply to non retail and service businesses and a separate interim period exists for retail and service establishments.
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